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Formerly Guiding Assets, Enterprising Investor is the flagship podcast of CFA Institute and the definitive program for the investment management industry. As stewards of the investment industry, Guiding Assets will feature intimate conversations with some of the most influential people from the world of finance about the topics that matter most to investment professionals. The show will also share crucial insights and best practices to help guide investors to make smart, ethical decisions. Enterprising Investor will continue to help build a better world for investors.

Host: Mike Wallberg, CFA

Producer: Mitchell Forst 

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  2. Biodiversity Loss is a Key Risk for Investors

Biodiversity Loss is a Key Risk for Investors

Jun 2, 2021

Awareness of biodiversity loss is increasing, but climate change still dominates investors’ discourse on the environment. Joel Clement, a senior fellow at the Harvard Kennedy School’s Belfer Center for Science and International Affairs, explains why we need to focus urgently on the biodiversity crisis. He also discusses why he came a whistleblower in 2017 and the aftermath of that decision.

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📃 Transcript: https://cfainst.is/3g5Umcz

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Episode Breakdown:
2:20 What’s life like in Maine
3:55 The basics of biodiversity
7:30 The biodiversity crisis
9:16 Why the wider population needs to act on biodiversity
11:30 Joel’s decision to blow the whistle
16:39 The response after Joel blew the whistle
18:36 Was the experience of blowing the whistle lonely?
20:00 Is the word, “whistleblower” negative?
21:40 Joel’s advice to whistleblowers
22:53 What Joel has been working on over the past few years
24:00 Global implications for what is happening in the artic
25:47 Has the Biden administration gotten America back in the climate game?
27:21 America The Beautiful Report
29:33 What Joel tells the skeptics
32:49 Wrap up questions
• What is one positive long-lasting change resulting from the pandemic?
• What one item would you take with you on a NASA flight?
• Flight v. invisibility: which would you choose?

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Related articles and links:
UNPRI paper: https://www.unpri.org/environmental-issues/investor-action-on-biodiversity-discussion-paper/6335.article
Joel’s whistleblower article: https://www.washingtonpost.com/opinions/im-a-scientist-the-trump-administration-reassigned-me-for-speaking-up-about-climate-change/2017/07/19/389b8dce-6b12-11e7-9c15-177740635e83_story.html
Joel’s resignation letter: https://apps.washingtonpost.com/g/documents/national/read-joel-clements-resignation-letter/2566/
Joel’s recent speech where he said: “There is another crisis that gets a bit lost in all the talk of climate action, and that’s the biodiversity crisis.” https://www.pressherald.com/2021/04/23/joel-clement-keynote-speech-from-the-2021-source-awards/
Stephanie Gibaud’s comment: “This word, whistleblower, is so negative,” she said. “It’s really like radioactive when someone says he or she is a whistleblower.” https://blogs.cfainstitute.org/investor/2018/12/12/whistleblowing-the-risks-and-rewards/
Ethics learning lab: https://cfainstitute.nomadic.fm
CFA report on climate change analysis: https://www.cfainstitute.org/en/research/industry-research/climate-change-analysis
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Find Joel here:
LinkedIn: https://www.linkedin.com/in/joelclement/
Twitter: https://twitter.com/jclementmaine?lang=en
Find Lauren here:

LinkedIn: https://www.linkedin.com/in/lauren- foster/
Twitter: https://twitter.com/laurenfosternyc