Cleaning Up: Leadership in an Age of Climate Change Are Big Investors Abandoning Climate Progress? — Ep195: David Blood
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Feb 5, 2025 In this discussion, David Blood, co-founder of Generation Investment Management, shares his expertise in sustainable finance. He discusses the recent political backlash against ESG criteria and the implications for sustainable investing. Blood emphasizes the importance of integrating ethics into finance, highlighting the evolving landscape and challenges faced by traditional investment methods. He argues for the necessity of aligning financial strategies with climate realities to ensure long-term business success while maintaining superior returns.
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Generation Investment Management's Founding
- David Blood, after retiring from Goldman Sachs, co-founded Generation Investment Management with Al Gore.
- Their shared interest in sustainability and finance led to the firm's mission-driven approach.
Why Not "Blood and Gore"?
- Michael Liebreich and David Blood discussed the name "Blood and Gore" for their firm.
- They ultimately chose "Generation," reflecting returns, the next generation, and firm continuity.
Sustainable Investing and Fiduciary Duty
- Sustainable investing is not about trading values for value.
- It's about incorporating long-term business success factors, including sustainability.