“When I think about doing investment like a firefighter, the first advice you get from the fire service is protection. You need readiness, you need protection, you need to put resilience in place. And if you think about that… from an investment point of view, it means you look at the risks your investments are exposed to and think about how can you either mitigate and manage those risks and make sure that you’re being rewarded for taking them… If we’re running risks that aren’t being recognized, measured, understood and then mitigated, we’re in serious trouble with our fiduciary duty. We have to be able to sustainably pay pensions for two million people over the very long term and generate cash in the short-term.”
takingclimatechange
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