Location: Columbia University, Morningside Campus, 1015 Schermerhorn Extension
Contact: For further information regarding this event, please contact Brian Kateman by sending email to firstname.lastname@example.org or by calling 212-854-0350.
We are all investors, directly and indirectly. All investing is about assessing risk and opportunity over various time frames. We are constantly reminded in the fine print of investment prospectuses past performance is not an indication of future performance. And we know, in the words of Clara Miller, President of the Heron Foundation, The world is changing, and so must we.
Which leads to a simple conclusion: financial analysis must be future-oriented, risk-adjusted and opportunity-directed. After the fact is no longer sufficient. Institutional investors have a fiduciary duty to identify predictable surprises to serve the public benefit, and so a radical transformation is needed throughout the financial system. Academic agenciesbusiness and law schools, and economics departmentswill need to rethink their obligations and revise their curricula accordingly. Incentive structures will have to be restructured from the next quarter to the next year, three, five and more years distant. Investors will have to recognize that they are "shareowners" and not just shareholders, exercising stewardship, all of this to be discussed in more detail through his talk.
Stephen Viederman is former president of the Jessie Smith Noyes Foundation and an expert and frequently published author on sustainable investing. He is known as a leading shareholder advocate, is a member of the finance committee of the Christopher Reynolds Foundation and also cats as US Chair of the Network for Sustainable Financial Markets
The lecture is part of the Earth Institute Certificate Program in Conservation and Environmental Sustainability. The Certificate Program allows professionals from all sectors to gain the knowledge and tools to make sound decisions about business activities and policy practices that impact the environment. Courses are taught by Columbia University professors and researchers from the Consortium for Environmental Research and Conservation (CERC) as well as adjunct faculty and current practitioners from both the public and private sectors. Their breadth of experience and diverse set of perspectives allow the Certificate Program curriculum to reflect scientific expertise and current hands-on approaches to environmental sustainability. As a platform for integrated and holistic thinking on the interconnectedness of natures systems, the Certificate Program offers the unique opportunity to address complex environmental issues and to arrive implementable and measurable solutions.