Comments welcome. Robert Eccles, Lisa Sachs, Nicole R. Peerless, Ray Cameron, Robert Cobbs, ajaick,Robert Brown, Andreas Ohl lnkd.in/eu56N5kf

The need for climate risk disclosures is contentious. Critics often claim that the current voluntary disclosure regime is plenty good. How does one show that non-disclosure simply means the absence of such a risk? Coastal Risk Cons…lnkd.in/eAmfMk8p lnkd.in/ePiPs__C

Today's announcement that First Citizens is buying SVB's loan book at a discount of more than 20% raises the question of why are allowance for doubtful loans so tiny on SVB's balance sheet, as pointed out in the enclosed? And, this is not even a distress…lnkd.in/eE3E7sCJ

Many thanks to Congressman Jim Himes for referencing my Forbes piece in yesterday's hearing that analysts and rating agencies missed the build up of risk at SVB (look around 2.04 for the reference in this video ). If you have not…lnkd.in/e4k_6ngJ lnkd.in/eBaERJKD

Thanks ajaick for publishing this interview on ideas on how to deal with the #greenwashing issue (see .) #columbiabusinessschool #columbiauniversity #esgintegration #esginvesting #esgreporting lnkd.in/eaDsPVKR

in my latest in Forbes, I review the Financial Accounting Standards Board (FASB)'s latest proposal to ask firms to report employee compensation costs. This is a significant step forward in light of the petition that Colleen Honigsb…lnkd.in/ek-Ky-_q lnkd.in/e7KYkdQX

In my latest in Forbes, I try to probe into the idea that the core of ESG investing is its emphasis on the long term. But, does long term investing work, especially if you are a long term active investor. I had not seen good defi…lnkd.in/e_sHxSaz lnkd.in/esVmpeQn

In my latest on Forbes, I review the measurement and disclosure of financed emissions. To keep the task manageable, I consider just one sector (energy) for the top four US banks (Citi, Morgan Stanley, Goldman Sachs and JPMorgan Ch…lnkd.in/eaFnN5YY lnkd.in/epMswYfD

In part 1 of my latest on Forbes, I try to sketch the social cost that rampant indexing imposes on markets via misallocation of capital. Part 1 sets up the arguments leading to the idea that indexing enables zombie firms that woul…lnkd.in/gvPMEDyz lnkd.in/gJdWw5AE

In part 2 of my series on the impact of passive investing in Forbes, I argue that indexing creates zombies that don't have to fight for capital on account of assured demand from 401Ks and defined contribution plans, routed via the…lnkd.in/eKsVnBmG lnkd.in/eBYNDCyP

In my latest on Forbes, I try to focus the debate away from the idea that ESG is irretrievably flawed or that ESG has become too politically surcharged to be useful anymore to the more fundamental question about corporate accountab…lnkd.in/e9Tj2fhh lnkd.in/eQEaktyV

Inspired by Netflix, I have posted both Part 3 ( lnkd.in/eVQhKP2F) and Part 4 of my series, "What are we paying for indexers to be passive" on Forbes. In part 3, I ask * Do the Big Three Indexers actually have a disincenti…lnkd.in/eEum5qeF lnkd.in/eKia_-9V

In my latest on Forbes, I follow up on the ESG II House hearing where I was a minority witness. I thought I heard time and again from the majority, especially Chairwoman Lisa McClain, that they were all for freedom of choice in al…lnkd.in/eYSsGpse lnkd.in/efB9ddqq

I had a great time speaking with Kaitlyn Allen on the ESG Decoded Podcast. You can check out the full episode “ESG Paradigm Shift” #ESGDecoded #Podcast #ESG #Sustainability #Business #Innovation #columbiauniversity #columbiabusinessschool ClimeCo lnkd.in/e9T23tG9

In my latest on Forbes, I look at the new GOP bill, introduced by Rep. Jim Banks of Indiana, asking ERISA pension fiduciaries to avoid new investments in companies based in "adversarial" countries including China, Russia, Iran and…lnkd.in/ev6ufNE4 lnkd.in/eYeGBNuR

In my latest on Forbes, I identify a list of 37 index laggards, defined as firms that have been in the S&P 500 for the last 10 years and have earned dividend adjusted returns of less than 7.5%, the return that a short term US treas…lnkd.in/gEwr2Ek6 lnkd.in/gXR4EkVD

In my latest on Forbes, I look at the so-called ESG act, introduced by Reps. Andy Barr (R-KY) and Rick Allen (R-GA) (Text - H.R.7151 - 117th Congress (2021-2022): Ensuring Sound Guidance Act | Congress.gov | Library of C…lnkd.in/e_udHS8d lnkd.in/e4dVK-ir

Happy Fourth to everyone. In the spirit of liberation, I review the second ESG bill introduced by Republicans titled, "No ESG at TSP" Act in Forbes. TSP is the Thrift Savings Plan and is relatively unknown but huge pension fund f…lnkd.in/e8a-i-Kw lnkd.in/ekFaifdD

The final one in the ESG bill series ends with a review of the bill that Reps. Bill Huizenga (R-MI) and Blaine Luetkemeyer (R-MO) call the “INvestor Democracy is EXpected Act (INDEX Act)” (see lnkd.in/eQjz6MED). The bill pr…lnkd.in/ehr5xU5d lnkd.in/eRiZ9xyh

In my latest on Forbes, I look at the so-called, "Mandatory Materiality Requirement Act" introduced by Reps. Bill Huizenga (R-MI) and Congressman Andy Barr (R-KY), on June 23, 2023. The question of what is material is a deep issue.…lnkd.in/eHHEzSYT lnkd.in/esZWUZGe