On Wednesdays we wear pink - why it is time to break down the sustainability clique
James Corah
Synopsis
In Mean Girls, Regina George famously declares "on Wednesdays we wear pink" - a symbol of exclusivity that mirrors how sustainable investing can sometimes feel. But as ESG evolves, we at CCLA believe it's time to move beyond the clique, reflect on our purpose, and build a more inclusive and forward-looking future, as highlighted in our latest client survey.
regulation is pushing core and sustainable further away from each other. Need to break down the clique, and move everything back together.
- clients want to drive change, but not if it compromises risk or return
- ranked number 7 (growing capital, income, cost, client service, IM you trust), - positive change is only our clients seventh highest category. Need to get the basics right before you can get to sustainably. Not a good investor if ALL YOU CARE ABOUT IS DRIVING CHANGE
- The most important issues they care about- air and water pollution; climate change, breaches of human rights
- need to make sure we’re speaking to clients about what money can do, in a way theyre willing to hear about it
- We think engagement is an important part of what we do. Majority of clients still don’t understand engagement. Need to spend more time talking about what we do- are they listening or are we saying the right thing?
If cliques are bad, what should we do?
- recognise that sustainable clients are no different
- Close the gap between core and sustainable
- Embrace engagement as a change tactic
regulation is pushing core and sustainable further away from each other. Need to break down the clique, and move everything back together.
- clients want to drive change, but not if it compromises risk or return
- ranked number 7 (growing capital, income, cost, client service, IM you trust), - positive change is only our clients seventh highest category. Need to get the basics right before you can get to sustainably. Not a good investor if ALL YOU CARE ABOUT IS DRIVING CHANGE
- The most important issues they care about- air and water pollution; climate change, breaches of human rights
- need to make sure we’re speaking to clients about what money can do, in a way theyre willing to hear about it
- We think engagement is an important part of what we do. Majority of clients still don’t understand engagement. Need to spend more time talking about what we do- are they listening or are we saying the right thing?
If cliques are bad, what should we do?
- recognise that sustainable clients are no different
- Close the gap between core and sustainable
- Embrace engagement as a change tactic