Climate Change & Fiduciary Duty: System Stewardship in Theory & Practice

​State pensions, university and foundation endowments, sovereign wealth funds, and other asset owners have enormous power and responsibility for ensuring systemic risks to their portfolios, including climate change and biodiversity loss, are effectively managed and mitigated for their beneficiaries. To date, however, industry practices have largely ignored systemic risks, instead focusing on siloed or immediate company impacts.

​The Sierra Club Foundation, Sierra Club, Ethic, and other investors will first discuss the theory of system-level investing, and then will cover how it applies to stewardship, proxy voting, debt denial, security selection, asset allocation, engagement, education, policy advocacy, and management of financial service providers.

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​Panelists:

​John Adler, Chief ESG Officer, NYC Office of the Comptroller

​Austin Wilson, Director of Stewardship, Ethic

​Ben Cushing, Director, Sustainable Finance Team, Sierra Club

​Moderator:

​Sara E. Murphy, Director of Shifting Trillions, Sierra Club Foundation

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​The event, closed to the press and held under Chatham House Rule, will begin with a panel and then move into roundtable discussion format. There will be a rooftop reception at 6pm after the formal program has concluded.