We have a really special episode in store today as we welcome Tim Nash, the Sustainable Economist! Tim shares a vast amount of knowledge and ideas with us on how investors wishing to put their money where their heart is can go about investing more ethically and sustainably. We hear about Tim’s journey into investing and economics and how he wound up doing the work he currently does, helping investors clarify where their money is going and how to put it portfolios that are more aligned with their beliefs. He unpacks how these ideas and actions can have an impact and what it would take for some kind of systemic shift towards more sustainable industry and companies. We discuss the use of other modes of change as well as the personal practice of investors versus the placement of their money. Tim does such a great job of explaining how he goes about assessing different companies and portfolios and filtering which meet the criteria that he would suggest to his audience. The last part of the episode contains a really impressive argument from Tim around how investing this way can also be beneficial for strictly economic reasons and that it would suit all people to consider the
Key Points From This Episode:
Tweetables:
“What we’re seeing is that that’s pushing a lot of new projects out of probability because their cost of capital is now much higher than what it would have been otherwise.” — @timenash [0:09:30]
“I think we’ve been sold a bit of a myth that the way for us to deal with global climate change is to stop driving or flying or buy an electric car.” — @timenash [0:15:02]
“It’s important to understand that Canadian investors have a huge carbon impact through their portfolio.” — @timenash [0:17:03]
Links From Today’s Episode:
Rational Reminder Website — https://rationalreminder.ca/
Tim Nash on Twitter — https://twitter.com/timenash
Good Investing — https://www.goodinvesting.com
Dalhousie — https://www.dal.ca/
Unilever — https://www.unilever.com
Paul Polman — https://www.unilever.com/news/press-releases/2018/unilever-ceo-announcement.html
Mark Carney — https://www.bankofcanada.ca/profile/mark-carney/
Wealthsimple — https://www.wealthsimple.com
Northwest Ethical Investments — https://www.neiinvestments.com
ExxonMobil — https://corporate.exxonmobil.com/
Michael Jantzi — https://ca.linkedin.com/in/michael-jantzi-5729312
Sustainalytics — https://www.sustainalytics.com
Enbridge — https://www.enbridge.com/
SNC Lavalin — https://www.snclavalin.com/en
Warren Buffett — https://www.forbes.com/profile/warren-buffett/#45dece364639
Horizons — https://horizons.gc.ca/en/about-us/