Pablo Berrutti's guest appearances

Pablo Berrutti

[i3] Institutional Investment Podcast

Good Future

Jason Zweig

Jack Bogle

Rob Arnott

Corey Hoffstein

Tobias Carlisle

Michael Recce

Fred Schebesta

Rachel Mason

John Elkington

Bill Mitchell

Jeremy Grantham

Ned Davis

Brian Singer

Lindsay Smalling

Michael Kelly

OwlTail

Pablo Berrutti is Senior Investment Specialist, Sustainable Funds Group at Stewart Investors. Starting as a risk specialist, Pablo became quickly aware of the dangers of climate change, even before he knew what ESG was. In this conversation, we discuss the likelihood of fossil fuel-based companies making the transition to low carbon business models and pose the question whether companies’ quick retreat from Russia during the invasion of Ukraine is a vindication for ESG.Overview of podcast with Pablo Berrutti, Stewart Investors:2:00 Becoming aware of climate change as a risk manager3:00 Missing out on a mandate due to lack of ESG policy4:30 My questions on climate change led to a role at an SRI fund7:00 Risk and reward are the two sides of the same sustainability coin10:00 You have described ESG metrics as ‘colouring by numbers’. You don’t seem a fan of these types of metrics?12:00 The sin of aggregation13:00 Companies still have different boundaries in how they measure their carbon footprint, so it is not a generic measure16:30 We look at fossil fuel companies and we just don’t see how they are able to transition profitably18:00 We actually like the companies that we invest in and we want them to succeed, so there are not that many shareholder resolution filed at the companies in our portfolio19:00 Discussing negative screens: ‘For us, they don’t make sense.’21:00 On macro events, such as the pandemic and Russia25:00 It is another example of companies that lead the charge on sustainability can come out of these situations stronger26:30 Several large, multinational companies pulled out of Russia relatively quickly. Do you see this as a sign that ESG has finally become mainstream?28:00 Did any of your portfolio companies react unexpectedly during the pandemic?29:00 Belarusian company EPAM did the right thing and focused on their staff31:00 Are you worried about the dominance of large technology companies? 32:00 TSMC is one large tech company we can get behind33:00 Between 2010 – 2019, large tech acquired 819 small companies that were below threshold reporting requirements, see report.36:00 Are you excited about any particular technologies? ‘Yes, steam’.40:00 Diversity study with the University of Technology Sydney (UTS)41:00 Inclusion has to come before diversity43:00 Sometimes change really has to come from the CEO47:00 Talking SDGs, three things to look out for whether companies are overstating their contribution to the goals

Pablo Berrutti is Senior Investment Specialist, Sustainable Funds Group at Stewart Investors. Starting as a risk specialist, Pablo became quickly aware of the dangers of climate change, even before he knew what ESG was. In this conversation, we discuss the likelihood of fossil fuel-based companies making the transition to low carbon business models and pose the question whether companies’ quick retreat from Russia during the invasion of Ukraine is a vindication for ESG. Overview of podcast with Pablo Berrutti, Stewart Investors: 2:00 Becoming aware of climate change as a risk manager 3:00 Missing out on a mandate due to lack of ESG policy 4:30 My questions on climate change led to a role at an SRI fund 7:00 Risk and reward are the two sides of the same sustainability coin 10:00 You have described ESG metrics as ‘colouring by numbers’. You don’t seem a fan of these types of metrics? 12:00 The sin of aggregation 13:00 Companies still have different boundaries in how they measure their carbon footprint, so it is not a generic measure 16:30 We look at fossil fuel companies and we just don’t see how they are able to transition profitably 18:00 We actually like the companies that we invest in and we want them to succeed, so there are not that many shareholder resolution filed at the companies in our portfolio 19:00 Discussing negative screens: ‘For us, they don’t make sense.’ 21:00 On macro events, such as the pandemic and Russia 25:00 It is another example of companies that lead the charge on sustainability can come out of these situations stronger 26:30 Several large, multinational companies pulled out of Russia relatively quickly. Do you see this as a sign that ESG has finally become mainstream? 28:00 Did any of your portfolio companies react unexpectedly during the pandemic? 29:00 Belarusian company EPAM did the right thing and focused on their staff 31:00 Are you worried about the dominance of large technology companies? 32:00 TSMC is one large tech company we can get behind 33:00 Between 2010 – 2019, large tech acquired 819 small companies that were below threshold reporting requirements, see report. 36:00 Are you excited about any particular technologies? ‘Yes, steam’. 40:00 Diversity study with the University of Technology Sydney (UTS) 41:00 Inclusion has to come before diversity 43:00 Sometimes change really has to come from the CEO 47:00 Talking SDGs, three things to look out for whether companies are overstating their contribution to the goals

69: Stewart Investors' Pablo Berrutti - Bottom Up Sustainability

Today’s guest is Pablo Berrutti. He’s head of Responsible investment (Asia-Pacific) at Colonial First State Global Asset Management and he’s a passionate advocate for the power of financial markets to change the world. There’s lots of optimism and there’s a really great explanation of ESG investing which is all about considering environmental, social and governance factors when making investment decisions.Pablo’s passion for these issues comes through really clearly, I had a great time chatting with him. And was glad to help him get the word out about another venture he’s working on, it’s called Altiorem and it’s a cross between a library, a database and a search engine for all things related to sustainable investing.You can find all the links and details from today’s show on the website at Johntreadgold.com/goodfuturepodcast

Today’s guest is Pablo Berrutti. He’s head of Responsible investment (Asia-Pacific) at Colonial First State Global Asset Management and he’s a passionate advocate for the power of financial markets to change the world. There’s lots of optimism and there’s a really great explanation of ESG investing which is all about considering environmental, social and governance factors when making investment decisions. Pablo’s passion for these issues comes through really clearly, I had a great time chatting with him. And was glad to help him get the word out about another venture he’s working on, it’s called Altiorem and it’s a cross between a library, a database and a search engine for all things related to sustainable investing. You can find all the links and details from today’s show on the website at <a href="http://Johntreadgold.com/goodfuturepodcast" rel="nofollow" target="_blank">Johntreadgold.com/goodfuturepodcast</a>

Pablo Berrutti: the future of funds management is sustainable