Mato just raised pre-seed Read more
Podcast charts
Published by The PRI
The Responsibility of Investing (formerly The Principles for Responsible Investment) is a podcast by the Principles for Responsible Investment (PRI), the world’s largest global body on responsible investment, representing over $128 trillion in assets under management. Each episode features conversations with thought leaders and experts from around the world, exploring how sustainable factors are transforming the investment landscape. Listen for unique insight into how climate, nature and human rights issues are affecting asset classes and responsible investment policies. The series helps PRI signatories - and the wider investment community - navigate responsible investment with greater precision and confidence, for the benefit of both investors and society. No matter your size, market, nor stage of the responsible investment journey, The Responsibility of Investing will bring you a new perspective every fortnight.
On the charts
Every published chart this podcast appears in, in the snapshot behind this page. Each one links to the chart it came off.
The Mato Topic Intelligence Platform does not report this podcast as charting in a published category in this snapshot.
From the feed
The latest episodes published to this podcast’s own RSS feed. Titles and descriptions are the publisher’s.
Policy decisions shape investability, market resilience and long-term returns. In a fragmented global economy, what role should investors play in engaging with governments as part of their stewardship approach? Nathan Fabian , Chief Policy & Research Officer at the PRI, is joined by Jane Ambachtsheer , Chief Sustainability Officer at BNP Paribas Asset Management. Together, they explore how investors can engage policymakers in an evidence-based, financially relevant way, from transition planning and taxonomies in Asia-Pacific to system-level risks and real-economy policy. The conversation also examines asset-owner expectations, stewardship and collaboration, asking how investors can contribute market insight without drifting into partisanship - and what the responsible investment community needs to deliver reliable outcomes for its clients. Detailed coverage: Asia-Pacific policy is moving from frameworks to implementation Jane and Nathan discuss transition planning, decarbonisation roadmaps and taxonomies in Japan and China, where investor-policy dialogue is increasingly pragmatic and focused on tools that improve decision-making. Four megatrends are reshaping investment risk Jane outlines four megatrends - geopolitics, the environment, innovation and demographics - and why investors need to consider both individual and interconnected system-level risks. Financial policy and real-economy policy are two sides of the same coin The conversation explores how investor engagement can span disclosure and taxonomy rules as well as economic policies that influence technology, transition pathways and capital deployment. Investors can contribute evidence, not partisanship Nathan and Jane discuss why long-term investors can provide market insight on investability, risk and resilience while maintaining a financially material and objective basis for policy engagement. Policy engagement needs clearer asset-owner expectations Jane reflects on how policy work can be harder to measure than corporate engagement, and why stronger mandates, case studies and accountability can help asset owners assess what managers are doing. Stewardship and policy engagement should reinforce each other Company engagement can reveal transition barriers and opportunities that investors can bring to policymakers, while policy positions should remain consistent with voting and corporate stewardship. Credibility and collaboration will define what comes next The episode closes with four priorities: local expertise and credibility, authentic collaboration, a whole-value-chain perspective and stronger demand from asset owners for focused policy engagement. Chapters: 00:00 – Asia-Pacific: from policy frameworks to implementation 03:15 – Four megatrends shaping investor risk and opportunity 06:34 – Linking financial-sector policy with the real economy 08:55 – How large investors decide where and how to engage 14:37 – Why investors are not passive policy takers 16:52 – Asset-owner expectations and measuring policy engagement 21:18 – Client interests, universal ownership and system-level risks 23:10 – Connecting company stewardship with policy reform 25:47 – The roles investors should play in policy engagement 29:15 – Credibility, collaboration and the future of policy engagement Disclaimer: This podcast and material referenced herein is provided for information only. It is not intended to be investment, legal, tax or other advice, nor is it intended to be relied upon in making an investment or other decision. PRI Association is not responsible for any decision made or action taken based on information on this podcast. Listeners retain sole discretion over whether and how to use the information contained herein. PRI Association is not responsible for and does not endorse third parties featured on in this podcast or any third-party comments, content or other resources that may be included or referenced herein. Unless otherwise stated, podcast content does not necessarily represent the views of signatories to the Principles for Responsible Investment. All information is provided "as is" with no guarantee of completeness, accuracy or timeliness, or of the results obtained from the use of this information, and without warranty of any kind, expressed or implied. PRI Association is committed to compliance with all applicable laws. Copyright © PRI Association 2026. All rights reserved. This content may not be reproduced, or used for any other purpose, without the prior written consent of PRI Association.
As the PRI marks its 20th anniversary, responsible investment stands at a turning point. In an investment landscape that has grown more complex, what will it take to shape the next chapter of responsible investment? Cambria Allen-Ratzlaff , Interim CEO of the PRI, is joined by Josselin Kalifa , CIO of Caisse des Dépôts Asset Management and Co-Chair of the Net Zero Asset Owner Alliance, and Anne-Marie Chidzero , CIO at FSD Africa Investments.Together, they explore why responsible investment is increasingly recognised as simply good investment, how emerging markets are shaping the future of sustainable finance, and how investors navigate a more complex and fragmented global landscape. From capital mobilisation and blended finance to technology, resilience and the next generation of investment leaders, the conversation looks ahead to what will make responsible investment more credible, more relevant and more effective over the next 20 years. Detailed coverage: Responsible investment is good investment The guests discuss how ESG considerations have become embedded within investment processes, with responsible investment increasingly viewed as applying sound judgement, managing long-term risks and identifying material drivers of value. Emerging markets are shaping the future Anne-Marie explains how African financial markets are developing their own responsible investment approaches, with growing pools of domestic capital helping finance solutions tailored to local economic, social and environmental priorities. Maintaining credibility through financial materiality The conversation explores why responsible investment must remain grounded in evidence, financial relevance and measurable outcomes rather than ideology, particularly in an increasingly fragmented political environment. Mobilising capital for sustainable growth Examples from African capital markets demonstrate how collaboration between development finance institutions, private investors and local markets can unlock innovative financing solutions for water, energy and natural capital. The role of stewardship and asset owners Josselin reflects on how asset owners can influence long-term outcomes through investment decisions, manager selection, voting and ongoing engagement with portfolio companies. Technology, resilience and the future of finance The guests discuss the growing importance of digital resilience, AI, data quality and stronger financial infrastructure in supporting sustainable economic development. A multidisciplinary future The episode concludes by encouraging the next generation of investment professionals to combine financial expertise with disciplines such as climate science, technology, geopolitics and demography to navigate an increasingly complex investment landscape. Chapters: 00:00 – Introduction: 20 years of the PRI and responsible investment 04:12 – Why responsible investment is now simply good investment 06:43 – Emerging markets and Africa's growing influence 10:27 – Remaining credible in a changing global landscape 16:16 – Financing inclusive growth and resilient economies 19:43 – The role of asset owners and stewardship 24:21 – Technology, innovation and deepening capital markets 27:38 – Partnerships to mobilise sustainable finance 30:27 – Advice for the next generation of investors 33:10 – Final reflections on the next 20 years of responsible investment Disclaimer: This podcast and material referenced herein is provided for information only. It is not intended to be investment, legal, tax or other advice, nor is it intended to be relied upon in making an investment or other decision. PRI Association is not responsible for any decision made or action taken based on information on this podcast. Listeners retain sole discretion over whether and how to use the information contained herein. PRI Association is not responsible for and does not endorse third parties featured on in this podcast or any third-party comments, content or other resources that may be included or referenced herein. Unless otherwise stated, podcast content does not necessarily represent the views of signatories to the Principles for Responsible Investment. All information is provided "as is" with no guarantee of completeness, accuracy or timeliness, or of the results obtained from the use of this information, and without warranty of any kind, expressed or implied. PRI Association is committed to compliance with all applicable laws. Copyright © PRI Association 2026. All rights reserved. This content may not be reproduced, or used for any other purpose, without the prior written consent of PRI Association.
In this episode, Nathan Fabian, Chief Sustainable Systems Officer at the PRI, is joined by Elisabeth Andvig, Senior Investment Stewardship Manager at Norges Bank Investment Management, and Robert Lewenson, Head of Responsible Investment at Old Mutual Investment Group, to mark 15 years since the UN Guiding Principles on Business and Human Rights (UNGPs) were endorsed. Together, they reflect on how investor practice has evolved, the progress companies have made in embedding human rights due diligence, and the challenges that remain as investors navigate geopolitical uncertainty, supply chain disruption and the transition to a more sustainable global economy. Overview: 15 years after the adoption of the UN Guiding Principles, human rights have become a core consideration for responsible investors. Yet implementation remains uneven, particularly when it comes to due diligence, access to remedy and adapting to an increasingly complex global environment. This episode explores how investors can strengthen human rights stewardship, support a just transition and help ensure long-term value creation while respecting the rights of people across global supply chains. Detailed coverage: How investor practice has evolved The guests reflect on how awareness of the UNGPs has grown over the past 15 years, with human rights moving from a niche sustainability issue to an increasingly integrated part of investment stewardship and corporate governance. Human rights due diligence in practice The conversation explores the progress companies have made in embedding due diligence processes, alongside the challenges investors face in assessing risks across large, global portfolios and complex supply chains. A changing policy landscape Nathan, Elisabeth and Robert discuss the impact of geopolitical fragmentation, evolving regulation and shifting global supply chains on responsible investment and human rights implementation. Access to remedy and investor responsibility The episode examines why access to remedy remains the least developed pillar of the UNGPs and considers how investors can use stewardship and engagement to encourage more effective corporate responses. Human rights, inequality and the just transition The discussion explores the relationship between human rights, economic inequality and the transition to a low-carbon economy, highlighting the importance of ensuring communities benefit alongside investors. Looking ahead The guests share their priorities for the next five years, from strengthening implementation and celebrating good practice to ensuring the UNGPs remain relevant in a rapidly changing investment landscape. To learn more about the PRI's work on human rights and responsible investment, visit: https://public.unpri.org/investment-tools/stewardship/advance https://www.unpri.org/deep-dive?id=an-introduction-to-responsible-investment-human-rights Chapters: 00:00 – Introduction: 15 years of the UN Guiding Principles 04:48 – How human rights due diligence has evolved 11:55 – The challenges of implementation and global policy change 21:37 – Access to remedy: the forgotten pillar 31:40 – Human rights, inequality and economic inclusion 39:12 – The just transition and responsible mining 47:18 – Why long-term thinking matters for investors 53:46 – Celebrating leadership and sharing best practice 57:45 – Looking ahead: priorities for the next five years 01:01:32 – Final reflections Disclaimer: This podcast and material referenced herein is provided for information only. It is not intended to be investment, legal, tax or other advice, nor is it intended to be relied upon in making an investment or other decision. PRI Association is not responsible for any decision made or action taken based on information on this podcast. Listeners retain sole discretion over whether and how to use the information contained herein. PRI Association is not responsible for and does not endorse third parties featured on in this podcast or any third-party comments, content or other resources that may be included or referenced herein. Unless otherwise stated, podcast content does not necessarily represent the views of signatories to the Principles for Responsible Investment. All information is provided "as is" with no guarantee of completeness, accuracy or timeliness, or of the results obtained from the use of this information, and without warranty of any kind, expressed or implied. PRI Association is committed to compliance with all applicable laws. Copyright © PRI Association 2026. All rights reserved. This content may not be reproduced, or used for any other purpose, without the prior written consent of PRI Association.
In this episode, Kate Webber, Chief Solutions Officer at the PRI, is joined by Claudia Wearmouth, Global Head of Responsible Investment at Columbia Threadneedle Investments, and Travis Antoniono, Investment Director for Sustainable Investments at CalPERS. Together, they explore how responsible investment is being applied in practical, financially material ways, including how it is embedded into investment processes, how transparent dialogue between asset owners and managers supports long-term outcomes, and the role evidence plays in sustainable investment decision-making. Overview: Responsible investment is increasingly moving from a specialist function to a core part of investment decision-making. Across public and private markets, sustainability and governance considerations are being integrated into due diligence, portfolio construction, stewardship and long-term risk management. This episode explores how investors are building practical frameworks around financial materiality, balancing quantitative tools with qualitative judgement, and adapting to rapidly evolving risks such as climate change and AI disruption. Detailed coverage: Embedding sustainability into investment processes Both guests explain how sustainability considerations are now integrated throughout the investment lifecycle, from initial due diligence through to ongoing monitoring and exit decisions. Financial materiality and fiduciary duty They explore how responsible investment supports long‑term, risk‑adjusted returns and helps meet fiduciary responsibilities to beneficiaries. The role of dedicated expertise Travis Antoniono discusses embedding dedicated sustainability specialists directly into investment due diligence teams, while Claudia Wearmouth outlines how sustainable investment analysts can better work alongside fundamental research teams. Data, evidence and judgement The conversation explores how responsible investment relies on a growing evidence base. While data is still evolving, investors increasingly combine quantitative tools with qualitative insight and real-world case studies. Explore real-world examples of how investors are combining data and judgement in practice in the PRI’s investment case database: https://public.unpri.org/investment-tools/investment-case-database How AI is changing investment research AI is beginning to transform investment analysis itself, helping teams assess sector disruption, and emerging financial impacts more dynamically. Building organisational buy-in Both guests highlight that embedding responsible investment depends on strong leadership and clear direction, with teams working together to apply it in practice. The importance of asset owner–manager relationships Transparency, trust and detailed communication are highlighted as essential for aligning investment objectives, stewardship expectations and long-term strategy execution. Practical lessons for investors The episode concludes with practical recommendations on how investors can improve governance and decision-making through more consistent use of evidence and ongoing dialogue. Chapters: 00:08 - Introduction and the investment case for responsible investment 01:29 - Embedding sustainability into investment processes 05:14 - Sustainability, fiduciary duty and long-term returns 10:56 - Building the evidence base for responsible investment 13:39 - How AI is changing investment analysis 20:15 - Creating organisational buy-in and investment alignment 22:18 - Climate solutions, strategy and total portfolio thinking 27:12 - Asset owner and investment manager collaboration 35:15 - Key lessons on transparency, trust and detail 37:04 - Practical recommendations for investors Disclaimer: This podcast and material referenced herein is provided for information only. It is not intended to be investment, legal, tax or other advice, nor is it intended to be relied upon in making an investment or other decision. PRI Association is not responsible for any decision made or action taken based on information on this podcast. Listeners retain sole discretion over whether and how to use the information contained herein. PRI Association is not responsible for and does not endorse third parties featured on in this podcast or any third-party comments, content or other resources that may be included or referenced herein. Unless otherwise stated, podcast content does not necessarily represent the views of signatories to the Principles for Responsible Investment. All information is provided “as is” with no guarantee of completeness, accuracy or timeliness, or of the results obtained from the use of this information, and without warranty of any kind, expressed or implied. PRI Association is committed to compliance with all applicable laws. Copyright © PRI Association 2026. All rights reserved. This content may not be reproduced, or used for any other purpose, without the prior written consent of PRI Association.
In this episode, Cambria Allen-Ratzlaff, Interim CEO of the PRI, is joined by Michael Benedict Yamoah (Vice President, Stewardship Director, EOS at Federated Hermes), Chris Jurgens (Senior Director, Omidyar Network), and Oumou Ly (Non-resident Research Fellow, UC Berkeley Center for Long-Term Cybersecurity) to explore how investors should respond to AI. Building on Part 1, this episode moves from theory to practice, outlining how investors can assess AI governance, identify risks across portfolios, and begin engaging with companies in a fast-moving and uncertain landscape. Overview: AI is already reshaping portfolios, but most investors are still early in understanding how to manage the risks. This episode focuses on practical steps, from governance and engagement to tools, research, frameworks and real-world examples of leading practice. A key message is that there is no perfect framework yet. Instead, investors must start now, build capability over time, and engage continuously as the technology evolves. Detailed coverage: What good AI governance looks like At a minimum, companies must comply with regulation and establish clear internal policies. Strong governance goes further, embedding AI into enterprise risk management, assigning board-level responsibility, and ensuring oversight across the organisation. Beyond compliance: lifecycle thinking Investors are encouraged to assess the full lifecycle of AI systems, from development and deployment to real-world impacts, liabilities and societal consequences. AI risk is dynamic Unlike other technologies, AI systems evolve post-deployment. This requires continuous monitoring, disclosure and adaptation, rather than one-off assessments. Examples of leading practice Companies such as Anthropic and Microsoft are highlighted for transparency, investor engagement and responsible AI frameworks. Across the ecosystem, progress is being driven by collaboration between companies, investors and policymakers. The importance of infrastructure and ecosystems AI is not just about software, it spans chips, data centres and energy systems. Managing its risks requires coordination across the full value chain. Practical starting points for investors Investors should map where AI sits in their portfolios, identify key use cases, and assess associated risks such as cybersecurity, compliance and liability. Tools, frameworks and collaboration A growing ecosystem of resources, from investor coalitions to research frameworks, is emerging to support engagement and analysis. A marathon, not a sprint AI governance is an ongoing process. Investors must build long-term capability, stay engaged in dialogue, and avoid waiting for perfect solutions before acting. Start now, signal intent Even simple engagement, asking basic governance questions, can send a strong signal to companies that responsible AI matters. Chapters: 00:08 - Introduction: from AI risk to investor action 01:00 - What good AI governance looks like 03:05 - Internal policies, risk management and board oversight 05:00 - Lifecycle thinking and real-world impacts 08:17 - Examples of leading practice in AI governance 10:30 - Defining and understanding AI risk 13:15 - Mapping AI use cases across portfolios 15:39 - Practical tools and investor resources 19:44 - Why AI is a marathon, not a sprint 22:24 - Final takeaways: start now and engage Further reading: Anthropic labor market impacts , Microsoft transparency report Disclaimer: This podcast and material referenced herein is provided for information only. It is not intended to be investment, legal, tax or other advice, nor is it intended to be relied upon in making an investment or other decision. PRI Association is not responsible for any decision made or action taken based on information on this podcast. Listeners retain sole discretion over whether and how to use the information contained herein. PRI Association is not responsible for and does not endorse third parties featured on in this podcast or any third-party comments, content or other resources that may be included or referenced herein. Unless otherwise stated, podcast content does not necessarily represent the views of signatories to the Principles for Responsible Investment. All information is provided “as is” with no guarantee of completeness, accuracy or timeliness, or of the results obtained from the use of this information, and without warranty of any kind, expressed or implied. PRI Association is committed to compliance with all applicable laws. Copyright © PRI Association 2026. All rights reserved. This content may not be reproduced, or used for any other purpose, without the prior written consent of PRI Association.
In this episode, Cambria Allen-Ratzlaff, Interim CEO of the PRI, brings together Michael Benedict Yamoah, Vice President, Stewardship Director, EOS at Federated Hermes, Chris Jurgens, Senior Director, Omidyar Network, and Oumou Ly, Non-resident Research Fellow, UC Berkeley Centre for Long-Term Cybersecurity to explore why AI is emerging as a critical sustainability issue for investors. The first in a two-part series, this episode examines the scale and speed of AI adoption, its implications for climate, labour, security and long-term financial stability, and what it will take for investors to get ahead of a transition that is already underway. Overview AI is rapidly reshaping the global economy, with unprecedented levels of capital investment, adoption and market impact. While much of the focus has been on AI as an investment opportunity, this episode reframes it as a system-wide issue with implications for climate, labour, security and long-term financial stability. The discussion highlights a growing gap between investor awareness and capability, as well as the need for stronger coordination, clearer frameworks and more robust governance to manage AI-related risks. Detailed coverage AI as a system-wide investment issue AI is not confined to the tech sector, it is a whole-economy force that will impact portfolios across industries, making it relevant for all long-term investors. The business case for responsible AI Responsible AI practices are increasingly linked to performance, helping companies build trust, avoid costly failures and strengthen long-term returns. Systemic risks: energy, labour and infrastructure AI is driving rapid growth in data centres and physical infrastructure, with significant implications for energy demand, emissions, water use and local communities. Security and regulatory risk AI is accelerating cyber threats while also becoming a focus for regulators globally. This creates new layers of compliance, liability and geopolitical risk for investors. The investor capability gap While interest in AI is growing, many investors lack the expertise, frameworks and internal capacity to assess and engage on AI-related risks effectively. From developers to deployers Engagement is currently focused on major AI developers, but risks and opportunities are increasingly concentrated in how AI is deployed across sectors. Governance as the central lever Across all perspectives, governance emerges as the most critical tool, ensuring boards and management teams are equipped to navigate uncertainty, balance trade-offs and make long-term decisions. A transition moment for investors AI represents a new phase of technological disruption, similar to past waves like telecoms and big data, but with broader and faster-reaching consequences. Looking ahead Part two will focus on the practical side, what investors can do, the tools and frameworks emerging, and where collective action can drive the most impact. Disclaimer This podcast and material referenced herein is provided for information only. It is not intended to be investment, legal, tax or other advice, nor is it intended to be relied upon in making an investment or other decision. PRI Association is not responsible for any decision made or action taken based on information on this podcast. Listeners retain sole discretion over whether and how to use the information contained herein. PRI Association is not responsible for and does not endorse third parties featured on in this podcast or any third-party comments, content or other resources that may be included or referenced herein. Unless otherwise stated, podcast content does not necessarily represent the views of signatories to the Principles for Responsible Investment. All information is provided “as is” with no guarantee of completeness, accuracy or timeliness, or of the results obtained from the use of this information, and without warranty of any kind, expressed or implied. PRI Association is committed to compliance with all applicable laws. Copyright © PRI Association 2025. All rights reserved. This content may not be reproduced, or used for any other purpose, without the prior written consent of PRI Association.
In this episode, Tamsin Ballard, Chief Investor Initiatives Officer at the PRI, is joined by Oshadee Siyaguna, Head of Stewardship at J.O. Hambro Capital Management and Regnan, to explore early progress and lessons from collaborative investor action on nature. Drawing on insights from the inaugural Spring progress report, they examine how investors are beginning to address financially material nature and biodiversity risks, what effective engagement looks like in practice, and why collaboration is critical in tackling complex, system-level challenges. Overview: Investor action on nature is gaining momentum. With over 240 investors representing more than US $19 trillion in AUM endorsing Spring, engagement is scaling across sectors and geographies. Early progress shows companies are starting to assess nature-related risks and dependencies, while investors are building shared frameworks, tools and approaches. However, real-world outcomes remain limited, highlighting the gap between engagement activity and measurable environmental impact. Detailed Coverage: Nature as a financial risk Companies are increasingly recognising nature and biodiversity as financially material risks. However, these risks often remain externalities unless supported by regulation or clear policy signals. Why nature is different from climate Unlike climate, which centres on carbon as a measurable metric, nature is more complex and harder to quantify, requiring a broader, systems-level approach rather than single metrics or pricing mechanisms. The role of collaboration Spring enables investors to pool expertise, share resources and deliver more consistent messaging. This collective approach helps tackle issues that are difficult to address through bilateral engagement alone. Key lessons from engagement Investors are learning the importance of pragmatism, pacing and consistency. Companies need time to build internal capacity, and overly rapid demands risk superficial, compliance-led responses. Gaps and challenges Progress is strongest in operational and supply chain practices, but gaps remain in responsible political engagement, data availability and regulatory clarity. Systems thinking and resilience A central theme is the need to view nature as part of a broader system. Long-term investment outcomes depend on resilient environmental, social and economic systems. What needs to happen next Priorities include building capacity across investors and companies, improving data and tracking, strengthening regulatory frameworks, and developing more robust conceptual approaches to nature stewardship. A call to action for investors Investors are encouraged to engage, contribute and collaborate. Flexible participation models mean there are multiple ways to get involved and drive progress. Chapters: 00:07 - Introduction and Spring progress overview 02:12 - Early momentum and investor participation 03:19 - Why nature stewardship needed a new approach 05:35 - Nature vs climate: complexity and measurement challenges 08:25 - Lessons from the first 18 months 11:14 - Making nature risks financially material 17:20 - Signs of progress and remaining gaps 19:59 - Why collaboration matters more than ever 26:17 - What needs to happen next 31:52 - Final reflections: investor responsibility Disclaimer: This podcast and material referenced herein is provided for information only. It is not intended to be investment, legal, tax or other advice, nor is it intended to be relied upon in making an investment or other decision. PRI Association is not responsible for any decision made or action taken based on information on this podcast. Listeners retain sole discretion over whether and how to use the information contained herein. PRI Association is not responsible for and does not endorse third parties featured on in this podcast or any third-party comments, content or other resources that may be included or referenced herein. Unless otherwise stated, podcast content does not necessarily represent the views of signatories to the Principles for Responsible Investment. All information is provided “as is” with no guarantee of completeness, accuracy or timeliness, or of the results obtained from the use of this information, and without warranty of any kind, expressed or implied. PRI Association is committed to compliance with all applicable laws. Copyright © PRI Association 2025. All rights reserved. This content may not be reproduced, or used for any other purpose, without the prior written consent of PRI Association.
In this episode, Kate Webber, Chief Solutions & Technology Officer at the PRI, is joined by Aniket Shah, Managing Director at Jefferies, to examine the core purpose of responsible investing and what it truly means in practice. Together, they explore whether the industry has lost sight of its original mission, how investors should think about real-world risks and opportunities, and why long-term thinking remains central to delivering value for beneficiaries. Overview Responsible investing has evolved significantly over the past two decades, but questions remain around its core purpose. Is it about solving global challenges, or simply about making better investment decisions? This episode reframes responsible investing as fundamentally about improving returns by incorporating factors often overlooked in traditional analysis, particularly externalities and intangible assets. The discussion also highlights the importance of grounding investment decisions in the realities of the real economy, rather than abstract frameworks or idealised outcomes. Detailed coverage Re-centering the purpose of responsible investing Aniket argues that responsible investing is, at its core, about enhancing risk-adjusted returns. While impact and broader societal goals matter, the mainstream role of investors is to make better decisions by incorporating a wider set of financially relevant factors. Externalities and intangibles The conversation explores how climate change and other externalities are increasingly being priced into markets, alongside intangible factors such as governance and human capital. These elements, while harder to measure, are critical drivers of long-term performance. The real economy and long-term value Investors are encouraged to look beyond financial markets and consider how businesses operate in the real world. Understanding how technologies, energy systems and structural shifts evolve over time is key to identifying long-term opportunities. Avoiding dogma and embracing nuance A key theme is the need for investors to stay informed, avoid overly simplistic frameworks, and continually reassess their assumptions. Engaging with opposing viewpoints is highlighted as a valuable way to strengthen decision-making. Rethinking KPIs and performance metrics Rather than focusing solely on traditional ESG metrics, the episode emphasises the importance of human capital - including employee engagement, retention and culture - as leading indicators of resilience and performance. The role of investors today Ultimately, investors’ responsibility is to deliver for their beneficiaries. By incorporating long-term risks and opportunities into their analysis, they can contribute to a more resilient and forward-looking financial system. To learn more, see our Investment case database here: https://public.unpri.org/investment-tools/investment-case-database Chapters 00:00 – Introduction and guest overview 01:45 – What is the true purpose of responsible investing? 03:30 – Externalities, intangibles and investment decision-making 06:30 – Real economy shifts and long-term investing 10:45 – How fiduciaries should approach complex risks 15:00 – Avoiding dogma and improving decision-making 18:30 – The value of debate and diverse perspectives 20:45 – Rethinking KPIs: human capital and culture 24:30 – Linking performance to long-term resilience 26:30 – Final reflections: the responsibility of investors Disclaimer This podcast and material referenced herein is provided for information only. It is not intended to be investment, legal, tax or other advice, nor is it intended to be relied upon in making an investment or other decision. PRI Association is not responsible for any decision made or action taken based on information on this podcast. Listeners retain sole discretion over whether and how to use the information contained herein. PRI Association is not responsible for and does not endorse third parties featured on in this podcast or any third-party comments, content or other resources that may be included or referenced herein. Unless otherwise stated, podcast content does not necessarily represent the views of signatories to the Principles for Responsible Investment. All information is provided “as is” with no guarantee of completeness, accuracy or timeliness, or of the results obtained from the use of this information, and without warranty of any kind, expressed or implied. PRI Association is committed to compliance with all applicable laws. Copyright © PRI Association 2025. All rights reserved. This content may not be reproduced, or used for any other purpose, without the prior written consent of PRI Association.
In this episode, Toby Belsom, Director of Guidance and Reporting at the PRI, is joined by James Alexander, CEO of UKSIF and Chair of the Global Sustainable Investment Alliance, and Mette Charles, ESG Research Lead at Aon Investment Consultants. Drawing on insights from the latest PRI reporting cycle, the largest ever, with over 4,200 signatories participating, the conversation explores what the data reveals about investor commitments, implementation challenges and emerging priorities across the responsible investment landscape. Together, they unpack how investors are navigating geopolitical shifts, regulatory divergence and systemic risks while translating sustainability commitments into meaningful action. Overview The latest PRI reporting data highlights five key themes: Reporting still matters, even amid political turbulence Climate remains the dominant focus across signatories Global agreements such as the Paris Agreement continue to shape frameworks Translating commitments into action remains challenging “Value creation” is increasingly used to justify sustainability activity The discussion reflects on how these trends are playing out across regions and what they mean for asset owners and managers. Detailed coverage Climate remains king Climate continues to dominate investor priorities, driven by financial materiality and systemic risk. Progress is uneven, and asset owners face constraints linked to policy uncertainty and limited investable opportunities. Global agreements and policy divergence While some governments are stepping back from global commitments, many investors remain anchored to frameworks such as the Paris Agreement and standards like the ISSB. The episode explores tensions created by fragmented regulation. From commitments to meaningful action Moving from commitments to real-world impact remains difficult. Barriers include data gaps, short-term incentives, regulatory inconsistency and limited scalable opportunities. Emerging themes: nature, AI and physical risk Nature-related risk is rising up the agenda, though methodologies remain complex. The discussion also touches on AI-related ESG risks and growing physical climate risk. Human rights and social risk Modern slavery, working conditions and gig economy risks remain key issues, with supply chain transparency a continuing challenge. Regional contrasts Europe is reassessing regulation, the US is navigating political shifts, while Japan and Australia are advancing disclosure and fiduciary guidance. Asset owner power Asset owners, as long-term capital providers exposed to systemic risks, are positioned to shape markets and align sustainability with value creation. To find out more about PRI reporting data, visit our blog . Chapters 00:00 – Introduction: insights from PRI reporting data 01:25 – Five key themes from the latest reporting cycle 06:26 – Global agreements, geopolitics and investor confidence 10:07 – Climate leadership, ambition and data challenges 13:13 – Nature, AI and emerging ESG priorities 15:52 – Barriers to turning commitments into action 20:28 – Regional divergence and regulatory shifts 25:09 – Asset owners vs managers: alignment and tension 26:51 – Human rights, modern slavery and social risk 29:44 – Reflections and hopes for 2026 Disclaimer This podcast and material referenced herein is provided for information only. It is not intended to be investment, legal, tax or other advice, nor is it intended to be relied upon in making an investment or other decision. PRI Association is not responsible for any decision made or action taken based on information on this podcast. Listeners retain sole discretion over whether and how to use the information contained herein. PRI Association is not responsible for and does not endorse third parties featured on in this podcast or any third-party comments, content or other resources that may be included or referenced herein. Unless otherwise stated, podcast content does not necessarily represent the views of signatories to the Principles for Responsible Investment. All information is provided “as is” with no guarantee of completeness, accuracy or timeliness, or of the results obtained from the use of this information, and without warranty of any kind, expressed or implied. PRI Association is committed to compliance with all applicable laws. Copyright © PRI Association 2025. All rights reserved. This content may not be reproduced, or used for any other purpose, without the prior written consent of PRI Association.
In this episode, Kate Webber , Chief Solutions & Technology Officer at the PRI, is joined by Malea Figgins , Vice President at TCW, and David Klausner , ESG Specialist at PGIM Public & Private Fixed Income, to explore how responsible investment is being applied in securitised debt markets. Focusing on residential and commercial mortgage-backed securities (RMBS and CMBS), as well as emerging asset classes such as data centres, the discussion draws on insights from the PRI’s Technical guide to Responsible Investment in securitised debt . Together, the guests unpack how environmental, social and governance risks and impacts are assessed in practice, where data gaps remain, and why securitised assets are central to financing the real economy. Overview Securitised debt is a core component of global fixed income markets, representing around US$14 trillion in outstanding issuance. By pooling underlying loans, such as home mortgages, commercial property loans or consumer credit, securitisation channels capital into housing, infrastructure and other real-economy assets. Despite its scale and relevance, securitised debt has historically been underrepresented in responsible investment discussions. This episode explains why environmental, social and governance considerations are not peripheral, but fundamental to credit analysis in this asset class, particularly given its exposure to consumers, real assets and climate risk. Detailed coverage Why securitised debt matters for responsible investors Malea and David explain how securitisation directly touches everyday assets, from homes and cars to student loans and commercial buildings. They argue that social risks such as predatory lending, affordability and loan servicing quality, alongside environmental risks like climate events and insurance availability, are core credit risks in these markets. Risk versus impact David outlines the importance of distinguishing between environmental, social & governance risk (financially material factors affecting credit quality) and impact (how investments affect society and the environment). The risks are integrated into bottom-up credit analysis across all portfolios, while impact overlays are applied where client mandates explicitly require them. Embedding sustainability in RMBS and CMBS analysis Malea discusses how sustainability considerations already align with credit fundamentals in many cases. In commercial real estate, green building certifications, energy efficiency and lower operating costs can support stronger net operating income and tenant stability. In residential markets, affordability metrics and borrower characteristics play a key role. Case study: data centres and climate risk The episode explores the rapid growth of securitised data centre financing, driven by AI and digital infrastructure demand. David shares an example where climate-related insurance coverage and extreme weather risk directly influenced internal credit ratings, illustrating how environmental risks can be central, not secondary, to investment decisions. Private markets and improving data quality Both guests highlight how private asset-backed finance allows earlier engagement with issuers, creating opportunities to improve environmental and social data collection. Lessons from private markets may help drive better disclosure and transparency in public securitised markets over time. Labelled bonds and greenwashing risks Malea cautions that not all labelled securitised bonds are created equal. The discussion stresses the need for rigorous due diligence on use-of-proceeds and frameworks, with internal guardrails to avoid low-quality or misleading labelled issuance. Read more in the full technical guide on securitised debt: https://www.unpri.org/deep-dive?id=responsible-investment-in-securitised-debt-a-technical-guide Chapters 00:00 – Introduction to responsible investment in securitised debt 02:40 – What securitised debt is and why it matters for investors 06:10 – Why sustainability risks are core credit risks in securitised markets 10:15 – Risk vs impact: a practical distinction for fixed income 14:20 – Integrating sustainability into RMBS and CMBS analysis 18:45 – Credit fundamentals and sustainability in commercial real estate 23:30 – Case study: data centres, climate risk and insurance coverage 30:10 – Private markets, early engagement and improving sustainability data 36:05 – Labelled securitised bonds and avoiding greenwashing 41:45 – Key takeaways for responsible investors in securitised debt Disclaimer This podcast and material referenced herein is provided for information only. It is not intended to be investment, legal, tax or other advice, nor is it intended to be relied upon in making an investment or other decision. PRI Association is not responsible for any decision made or action taken based on information on this podcast. Listeners retain sole discretion over whether and how to use the information contained herein. PRI Association is not responsible for and does not endorse third parties featured on in this podcast or any third-party comments, content or other resources that may be included or referenced herein. Unless otherwise stated, podcast content does not necessarily represent the views of signatories to the Principles for Responsible Investment. All information is provided “as is” with no guarantee of completeness, accuracy or timeliness, or of the results obtained from the use of this information, and without warranty of any kind, expressed or implied. PRI Association is committed to compliance with all applicable laws. Copyright © PRI Association 2025. All rights reserved. This content may not be reproduced, or used for any other purpose, without the prior written consent of PRI Association.
In this episode, Cambria Allen-Ratzlaff , Interim CEO at the PRI, is joined by Mark Anson , Chair of the Investment Committee, and Hershel Harper , Chief Investment Officer at the UAW Retiree Medical Benefits Trust . A PRI signatory since 2010, the Trust has long been recognised for its leadership in responsible investment, stewardship and manager engagement. Together, they explore how a large, closed pension plan integrates responsible investment into fiduciary decision-making, covering human capital management, energy transition risks, data centres, manager selection and the role of ESG data. Overview Drawing on decades of experience across public pensions, endowments and foundations, Mark and Hershel reflect on how responsible investment has evolved from a niche concern to a core part of managing long-term risk and return. The conversation highlights how the Trust approaches stewardship not as a values exercise, but as a practical way to strengthen governance, resilience and performance, always grounded in its obligation to deliver healthcare benefits for retirees. Detailed Coverage Human capital as a core asset The guests discuss why workforce practices, board quality and leadership development are material investment issues. From employee training and compensation to board diversity and skills, effective human capital management is framed as fundamental to long-term value creation. Collective engagement and investor leadership Mark and Hershel explain why large asset owners must collaborate to drive change. Initiatives such as the Midwest Investors Diversity Initiative demonstrate how coordinated engagement can improve board diversity and corporate sustainability while supporting better business outcomes. Energy, water and data-centre risk The discussion turns to energy policy and the growing demand driven by AI and data centres. The guests outline how the Trust evaluates resource efficiency, water use, worker safety and community impact, recognising the need for “all-of-the-above” energy solutions delivered responsibly. Manager selection and Capital Connect Hershel introduces Capital Connect, the Trust’s forum designed to broaden access to diverse and emerging managers. Both guests stress that expanding the opportunity set improves risk-adjusted returns, and that investing with diverse managers is not concessionary, but disciplined and performance-driven. ESG data, fiduciary duty and decision-making Mark and Hershel reflect on their recent research into fiduciary responsibility and inconsistent ESG data. They explain why ESG ratings vary so widely, and why asset owners must first define their objectives, regulatory constraints and risk priorities before selecting data tools. Context matters A recurring theme is that responsible investment is contextual. Different investors (pension funds, endowments, foundations) face different liabilities, regulations and time horizons, shaping how ESG considerations are applied in practice. For more information about making the case for responsible investment, check out our database: https://public.unpri.org/investment-tools/investment-case-database Chapters 00:00 - Introduction & Backgrounds 03:29 - Human Capital Management & Board Diversity 08:55 - Midwest Investor Diversity Initiative 11:41 - Energy Policy & Data Centers 18:17 - Water Resources & Community Impact 19:39 - Capital Connect & Diverse Managers 26:40 - Fiduciary Dilemma & ESG Integration 30:42 - ESG Data Challenges & Rating Agencies 37:19 - Investment Outlook & De-risking Strategy 45:48 - Closing Thoughts on Responsible Investing Disclaimer This podcast and material referenced herein is provided for information only. It is not intended to be investment, legal, tax or other advice, nor is it intended to be relied upon in making an investment or other decision. PRI Association is not responsible for any decision made or action taken based on information on this podcast. Listeners retain sole discretion over whether and how to use the information contained herein. PRI Association is not responsible for and does not endorse third parties featured on in this podcast or any third-party comments, content or other resources that may be included or referenced herein. Unless otherwise stated, podcast content does not necessarily represent the views of signatories to the Principles for Responsible Investment. All information is provided “as is” with no guarantee of completeness, accuracy or timeliness, or of the results obtained from the use of this information, and without warranty of any kind, expressed or implied. PRI Association is committed to compliance with all applicable laws. Copyright © PRI Association 2025. All rights reserved. This content may not be reproduced, or used for any other purpose, without the prior written consent of PRI Association.
In this episode, Nathan Fabian , Chief Sustainable Systems Officer at the PRI, explores how global policy frameworks are evolving to unlock private capital for sustainable development. He is joined by Helena Viñes Fiestas , Commissioner at the Spanish Financial Markets Authority and Co-Chair of the Taskforce on Net Zero Policy, and Eric Usher , Head of the UN Environment Programme Finance Initiative (UNEP FI) and PRI Board member. The discussion focuses on the outcomes of the Fourth International Conference on Financing for Development in Seville and the significance of Paragraph 34 of the Seville Commitment , a milestone recognising the role of well-functioning financial markets in delivering the Sustainable Development Goals. Overview As public finance comes under pressure, governments are increasingly focused on creating enabling environments that attract long-term private investment, particularly in emerging and developing economies. Helena and Eric explain why Paragraph 34 marks an important shift: embedding issues such as transparency, disclosures, taxonomies and market integrity into a multilateral development framework. They discuss how this convergence of development, climate and financial policy could help mobilise capital at scale, if implemented effectively. Detailed coverage From development aid to market-based solutions Eric explains how financing for sustainable development has traditionally focused on public finance, debt and governance, but is now recognising the need for private capital and functioning financial markets to deliver long-term outcomes. Policy momentum beyond Europe and North America Helena shares findings from the Taskforce on Net Zero Policy, showing that most new sustainable finance policies adopted last year emerged outside Europe and North America, particularly across Asia-Pacific. She highlights why global companies and investors will increasingly need to align with these frameworks. What’s inside Paragraph 34 The guests outline how Paragraph 34 references a broad set of tools, from sustainability disclosures and taxonomies to market transparency, covering environmental and social objectives across the SDGs. Development banks, DFIs and private capital Both guests reflect on the growing role of development finance institutions (DFIs) in de-risking investments and creating pathways for pension funds and asset managers to invest in emerging markets. Taxonomies and interoperability With over 50 taxonomies now in development globally, the discussion explores why interoperability, rather than a single global standard, is essential for attracting international capital while reflecting local economic realities. From policy design to implementation Helena highlights lessons from Europe’s experience: the need for better engagement with industry, tailored approaches for SMEs, capacity building for supervisors, and a stronger balance between incentives and regulation. The responsibility of investing In closing reflections, Eric emphasises dynamic materiality and the role of science in understanding long-term risk, while Helena highlights the growing responsibility of investors, and citizens, to align capital with sustainable outcomes. For more information on the compromiso de sevilla, see our blog: https://public.unpri.org/pri-blog/the-compromiso-de-sevilla-a-milestone-in-the-growth-of-sustainable-finance-policy/13451.article Chapters 00:00 - Introduction 01:30 - Paragraph 34 explained 08:20 - Global policy momentum 16:40 - Contents of paragraph 34 24:10 - Implementation challenges 32:20 - Taxonomy interoperability 42:15 - Market expectations 49:40 - Enforcement and lobbying 56:20 - Responsibility of investing Disclaimer This podcast and material referenced herein is provided for information only. It is not intended to be investment, legal, tax or other advice, nor is it intended to be relied upon in making an investment or other decision. PRI Association is not responsible for any decision made or action taken based on information on this podcast. Listeners retain sole discretion over whether and how to use the information contained herein. PRI Association is not responsible for and does not endorse third parties featured on in this podcast or any third-party comments, content or other resources that may be included or referenced herein. Unless otherwise stated, podcast content does not necessarily represent the views of signatories to the Principles for Responsible Investment. All information is provided “as is” with no guarantee of completeness, accuracy or timeliness, or of the results obtained from the use of this information, and without warranty of any kind, expressed or implied. PRI Association is committed to compliance with all applicable laws. Copyright © PRI Association 2025. All rights reserved. This content may not be reproduced, or used for any other purpose, without the prior written consent of PRI Association.
In this episode, Nathan Fabian , Chief Sustainable Systems Officer at the PRI, examines rising economic inequality and why it poses a material, systemic risk for long-term investors. He is joined by Delaney Greig (Director of Investor Stewardship, University Pension Plan Ontario), Emma Douglas (Sustainable Investment & Stewardship Lead, Brightwell; BT Pension Scheme), and David Wood (Adjunct Lecturer in Public Policy, Harvard Kennedy School). Together, they explore how inequality affects economic stability, corporate performance, long-horizon portfolio returns, and what asset owners can do to respond. Overview Ten years after the adoption of the SDGs, inequality is increasing across major economies. The top 1% now holds over 40% of global wealth, and widening gaps in income, labour rights and access to opportunity are shaping economic and political outcomes. The guests discuss: Why inequality is a non-diversifiable, systemic risk How it undermines growth, resilience and productivity The implications for diversified investors The interplay between inequality, climate, nature and social outcomes How asset owners can use stewardship, integration and policy engagement to address key drivers Detailed Coverage 1. Why inequality matters for investors Delaney and Emma outline why rising inequality threatens long-term returns: weakening demand, increasing volatility, reducing workforce resilience, and fuelling political instability. Both highlight evidence linking excessive pay gaps and poor labour practices to weaker corporate performance. 2. What the research shows David summarises major findings from the IMF, OECD and others showing that inequality constrains growth rather than accelerates it. He notes that investors have clearer data and frameworks today than ever before, and that social issues have become central to responsible investment. 3. Making inequality actionable Emma discusses a new analysis tool developed with Cambri to map social risks across sectors, revealing under-examined areas such as technology, media and natural-resource-intensive industries. Delaney explains UPP’s “top-and-bottom guardrails” approach, engaging on excessive executive pay at the top and fundamental labour rights at the bottom. 4. Stewardship, integration and policy The panel discusses: Embedding social risks into investment processes Sector-level prioritisation Collective action on labour rights The emerging TISFD standard How investors should (and should not) engage in political debates around taxation, labour markets and redistribution 5. Looking ahead Guests reflect on: Strengthening investor–manager dialogue Integrating inequality into capital allocation decisions Opportunities in areas such as affordable housing Addressing market concentration and competition issues The need for aligned, collective advocacy from asset owners Chapters (0:00) - Introduction: Economic Inequality and Investment Risk (2:29) - Delaney Greg: Why Inequality Matters for Pension Plans (4:50) - Emma Douglas: Systemic Risk and Investment Opportunities (7:16) - David Wood: Research on Inequality and Growth (9:21) - Understanding the Drivers of Economic Inequality (11:51) - Emma's Approach: Using Data and AI for Social Risk Analysis (15:01) - Delaney's Strategy: Top-End and Bottom-End Guardrails (17:55) - Measuring Impact and Defining Success in Inequality Work (20:16) - Communicating to Beneficiaries and Avoiding Backlash (22:21) - The Financial Industry's Role in Addressing Inequality (24:15) - Government Policy and Investor Responsibilities (26:33) - Navigating Taxation and Political Considerations (29:37) - Policy Advocacy and Transparency for Asset Owners (30:57) - Looking Forward: Next Steps for Investors (33:27) - David Wood: Where the Investment Community Goes Next (36:08) - Panel Reflections: The Responsibility of Investing Today (38:55) - Closing Remarks and Future Commitments Disclaimer This podcast and material referenced herein is provided for information only. It is not intended to be investment, legal, tax or other advice, nor is it intended to be relied upon in making an investment or other decision. PRI Association is not responsible for any decision made or action taken based on information on this podcast. Listeners retain sole discretion over whether and how to use the information contained herein. PRI Association is not responsible for and does not endorse third parties featured on in this podcast or any third-party comments, content or other resources that may be included or referenced herein. Unless otherwise stated, podcast content does not necessarily represent the views of signatories to the Principles for Responsible Investment. All information is provided “as is” with no guarantee of completeness, accuracy or timeliness, or of the results obtained from the use of this information, and without warranty of any kind, expressed or implied. PRI Association is committed to compliance with all applicable laws. Copyright © PRI Association 2025. All rights reserved. This content may not be reproduced, or used for any other purpose, without the prior written consent of PRI Association.
In this episode, Tamsin Ballard , Chief Investor Initiatives Officer at the PRI, reflects on a pivotal COP30 in Belém and what it means for investors navigating the next phase of the net zero transition. She is joined by Jan Kæraa Rasmussen , Head of ESG and Sustainability at PensionDanmark and member of the UN-convened Net-Zero Asset Owner Alliance Steering Group, and Daniel Gallagher , Senior Lead on Climate at the PRI. Both guests were closely involved in investor engagement around COP30, offering on-the-ground insights from São Paulo and Belém. Together, they unpack the shift from pledges to implementation, the growing involvement of finance ministries, and the rapidly evolving expectations for investors across mitigation, resilience and nature. They explore what COP30 delivered, and what still needs to happen to unlock the capital required for a global, just and investable transition. Overview COP30 marked a step change in how investors were integrated into climate discussions, with strong participation from finance ministries, MDBs, asset owners and global policymakers. From São Paulo to Belém, conversations were more grounded in real-economy transition needs , with a stronger focus on: scaling finance to emerging markets and developing economies (EMDEs) strengthening NDC quality and investability reforming multilateral development banks (MDBs) mobilising catalytic capital for climate and nature recognising the centrality of the climate-nature nexus Jan and Daniel reflect on why investors must remain at the table, how policy signals are evolving, and what COP30 revealed about both the opportunities and risks in a multi-speed global transition. Detailed Coverage From pledges to implementation COP30 reinforced that international negotiations alone cannot deliver the speed or scale required. Brazil’s presidency emphasised an action agenda bridging policy and the real economy , pushing for greater alignment between investor needs and national transition pathways. Investment flows and the net zero transition Daniel highlights PRI's latest analysis presented in Sao Paolo on investment flows to the clean energy transition, yet stresses ongoing misalignment between where capital is flowing and where it is most needed, particularly in EMDEs. 📄 Related PRI report: Investment flows to the net zero transition: Progress and policy needs (Oct 2025) Mobilising capital for emerging markets Jan details the growing engagement of finance ministries and MDBs in climate finance discussions. He notes progress on DFI/MDB reform , including more effective concessional capital, better use of equity, and improved currency-hedging mechanisms. He also calls for clearer investor dialogue on perceived versus real risk in EMDEs, and the need for more peer learning on successful renewable-energy investment models. 📄 Related PRI report: Who invests and how? Unlocking institutional capital for EMDE transitions (Nov 2025) The role of national transition plans and NDCs Daniel highlights improvements in the quality and granularity of NDCs , offering better signals for investors on sector pathways, enabling policies and investment opportunities. Yet, the gap between national ambition and global goals remains wide. 📄 Additional reference: Investor Agenda – Global State of Investor Climate Action (Nov 2025) Overshoot, tipping points and adaptation finance The episode also explores the implications for institutional investors of breaching 1.5°C. Daniel emphasises the need for investors to strengthen physical-risk assessment, integrate non-linear climate impacts, and prepare for higher volatility. He also notes the COP30 signal to triple adaptation finance , recognising the increasing urgency around physical climate risks and the opportunities in adaptation. 📄 Related PRI briefing: 1.5°C Overshoot Briefing (June 2025) Chapters (00:01) - Evolving Sustainable Investment Landscape (09:55) - Unlocking Climate Investment in Global South (20:21) - Global Transition and Investor Perspectives (26:40) - Global Transition and Climate Investment Risks (34:05) - Investor Responsibility in Climate Transition Disclaimer This podcast and material referenced herein is provided for information only. It is not intended to be investment, legal, tax or other advice, nor is it intended to be relied upon in making an investment or other decision. PRI Association is not responsible for any decision made or action taken based on information on this podcast. Listeners retain sole discretion over whether and how to use the information contained herein. PRI Association is not responsible for and does not endorse third parties featured on in this podcast or any third-party comments, content or other resources that may be included or referenced herein. Unless otherwise stated, podcast content does not necessarily represent the views of signatories to the Principles for Responsible Investment. All information is provided “as is” with no guarantee of completeness, accuracy or timeliness, or of the results obtained from the use of this information, and without warranty of any kind, expressed or implied. PRI Association is committed to compliance with all applicable laws. Copyright © PRI Association 2025. All rights reserved. This content may not be reproduced, or used for any other purpose, without the prior written consent of PRI Association.
In this episode, Nathan Fabian , Chief Sustainable Systems Officer at the PRI, examines what happens to the world’s ageing, high-emitting infrastructure—and why the way we decommission these assets is central to a just and orderly transition. He is joined by Julien Halfon , Head of Corporate and Pensions Solutions at BNP Paribas Asset Management , whose team estimates there are at least US$7.5 trillion in unfunded decommissioning costs embedded in today’s energy and industrial systems. Together, they explore how responsible investors can move from walking away from “brown” assets to actively stewarding them through end of life, clean-up and repurposing. Overview The conversation begins with Julien outlining the research behind the US $7.5–8 trillion decommissioning liability estimate, drawing on global studies from regulators, multilateral institutions and sectoral assessments. He explains how decommissioning liabilities emerged from the nuclear sector and is now a critical but underfunded obligation across oil and gas, mining, coal power and even renewables. Only a small fraction—mainly in nuclear—has been pre-funded, leaving governments, taxpayers and future generations exposed. Nathan and Julien then unpack why responsible investors cannot simply divest from polluting assets and “leave the mess behind”. In a diversified portfolio, the costs of unmanaged decommissioning, stranded infrastructure and damaged communities reverberate across the wider economy. The discussion reframes decommissioning as part of long-term stewardship: engaging through the full lifecycle of assets, recognising decommissioning as a real liability, and using innovative instruments such as transition and decommissioning bonds to convert environmental debts into investable, long-term solutions. Detailed Coverage The decommissioning gap Julien explains BNP Paribas Asset Management’s estimate of roughly US$8 trillion in decommissioning liabilities, of which around US$7.5 trillion remains unfunded once existing nuclear reserves are stripped out. Current corporate provisions fall far short of this figure, leaving a significant hidden risk. Why end-of-life stewardship matters Using examples such as abandoned copper mines, he illustrates how poorly managed closures can leave toxic legacies, stranded communities and fiscal burdens for governments—costs that ultimately flow back to diversified investors through sovereign and systemic risk. From cost centre to opportunity The episode highlights how active stewardship can unlock value from “end-of-life” assets, from re-mining tailings for valuable metals to repurposing industrial hubs, offshore platforms or nuclear sites into data centres, wind farms and other green infrastructure. Financing the transition: decommissioning and transition bonds Julien sets out how decommissioning and transition bonds can pre-fund clean-up and rehabilitation by transforming environmental liabilities into transparent financial ones, while freeing equity capital for redevelopment. Investor appetite has been strong, given the measurable nature of decommissioning activities and the clear brown-to-green trajectory. Policy, pensions and local communities Drawing on defined benefit pension frameworks, the discussion explores how tax-advantaged, ring-fenced decommissioning funds and supportive local development policies can help manage liabilities, protect communities and scale new markets for repurposed assets. Find out more about the PRI’s work on climate and environmental issues at www.unpri.org/responsible-investment/sustainability-issues Chapters 00:43 – Introduction: why decommissioning matters for responsible investors 01:59 – Julien Halfon on the US$7.5 trillion decommissioning gap 04:31 – Why investors can’t simply divest from “brown” assets 06:43 – Stewardship through end of life: staying engaged with legacy assets 07:51 – From liability to opportunity: repurposing mines, nuclear sites and hubs 11:23 – Transition and decommissioning bonds: funding clean-up and redevelopment 14:45 – Early issuances and investor appetite for decommissioning bonds 17:30 – Risks from short-termism, asset transfers and weak disclosure 23:14 – Real-world examples of repurposing and urban transformation 24:30 – The looming crunch: decommissioning fossil and ageing renewables together 28:40 – What policy and tax frameworks are needed to support decommissioning? 30:18 – Local communities, pension lessons and the North Sea opportunity 33:15 – Signposts for progress and scaling decommissioning markets 37:51 – The responsibility of investing: intergenerational stewardship and systems change Disclaimer This podcast and material referenced herein is provided for information only. It is not intended to be investment, legal, tax or other advice, nor is it intended to be relied upon in making an investment or other decision. PRI Association is not responsible for any decision made or action taken based on information on this podcast. Listeners retain sole discretion over whether and how to use the information contained herein. PRI Association is not responsible for and does not endorse third parties featured on in this podcast or any third-party comments, content or other resources that may be included or referenced herein. Unless otherwise stated, podcast content does not necessarily represent the views of signatories to the Principles for Responsible Investment. All information is provided “as is” with no guarantee of completeness, accuracy or timeliness, or of the results obtained from the use of this information, and without warranty of any kind, expressed or implied. PRI Association is committed to compliance with all applicable laws. Copyright © PRI Association 2025. All rights reserved. This content may not be reproduced, or used for any other purpose, without the prior written consent of PRI Association.
In this episode, Nathan Fabian , Chief Sustainable Systems Officer at the PRI, explores the deep interconnection between climate and nature and what it means for investors. Joining him are Laura Bosch , Senior Engagement Specialist at Robeco and member of the Advisory Committee for the PRI’s Spring Initiative , and Graham Stock , Managing Director at RBC BlueBay Asset Management and co-chair of the Investor Policy Dialogue on Deforestation (IPDD) . Together, they unpack the financial and systemic risks of biodiversity loss, the emerging opportunities in sustainable investment, and the growing need for investors to act on the climate–nature nexus during COP30 and beyond. Overview The conversation begins by defining the climate-nature nexus as more than a conceptual link it’s an integrated system of feedback loops that shape economies, markets, and societies. Graham explains how deforestation and ecosystem degradation feed directly into sovereign credit risk, citing Brazil’s forests as a clear example of natural capital underpinning national economic stability. Laura expands on how biodiversity loss and climate change are mutually reinforcing crises that require investors to tackle transition and physical risks together. Both guests highlight a shift in the industry: from separate approaches to climate and nature, to joint strategies that embed nature-based metrics within climate targets and net-zero roadmaps. Detailed Coverage Risks and Opportunities: Investors must assess both the risks of ecosystem degradation and the opportunities from nature-positive transitions. Integrating climate and nature goals is becoming standard in frameworks such as the Net Zero Investment Framework and GFANZ guidance. Portfolio Application: Graham outlines how sovereign bond investors now evaluate nature-related risks such as water stress and deforestation alongside traditional macroeconomic indicators, using these insights to shape portfolio exposure and engagement priorities. Corporate Action: Laura details Robeco’s approach to assessing corporate transition readiness for both climate and biodiversity, combining financial materiality with forward-looking analytics. Their “traffic light” model identifies leaders and laggards, informing investment decisions and stewardship priorities. Balancing Trade-offs: The discussion explores how investors can navigate trade-offs between climate and nature goals - for instance, balancing the climate benefits of electric vehicle production with the biodiversity impacts of mining. Reversing Negative Impacts: Case studies highlight solutions such as regenerative agriculture, silvopasture, and precision farming to restore land and reduce emissions while sustaining productivity. Collaborative Engagement: Graham and Laura describe the impact of large-scale initiatives such as the IPDD, Nature Action 100, and the PRI’s Spring Initiative—each mobilizing investors to engage with governments and corporations on deforestation and biodiversity loss. COP30 and Beyond: Both guests underscore the importance of the upcoming COP30 in Brazil, where the Tropical Forest Financing Facility (TFFF) could redefine climate finance by channeling $125 billion to forest protection. Find out more about the PRI at COP30 by visiting www.unpri.org/responsible-investment/road-to-cop30 Chapters 00:00 – Introduction: The climate–nature nexus 02:32 – Graham Stock on integrating nature risk into sovereign credit 06:09 – Laura Bosch on connecting biodiversity and climate strategies 11:24 – How nature-based targets are reshaping portfolios 16:46 – Tools to assess transition readiness for climate and nature 21:23 – Reversing nature loss in agriculture and land use 24:09 – Investor engagement and the IPDD 29:52 – Collaborative initiatives: Nature Action 100 and PRI’s Spring 38:32 – Looking ahead to COP30 and the Tropical Forest Financing Facility 45:42 – The responsibility of investing: closing reflections Disclaimer This podcast and material referenced herein is provided for information only. It is not intended to be investment, legal, tax or other advice, nor is it intended to be relied upon in making an investment or other decision. PRI Association is not responsible for any decision made or action taken based on information on this podcast. Listeners retain sole discretion over whether and how to use the information contained herein. PRI Association is not responsible for and does not endorse third parties featured on in this podcast or any third-party comments, content or other resources that may be included or referenced herein. Unless otherwise stated, podcast content does not necessarily represent the views of signatories to the Principles for Responsible Investment. All information is provided “as is” with no guarantee of completeness, accuracy or timeliness, or of the results obtained from the use of this information, and without warranty of any kind, expressed or implied. PRI Association is committed to compliance with all applicable laws. Copyright © PRI Association 2025. All rights reserved. This content may not be reproduced, or used for any other purpose, without the prior written consent of PRI Association.
Extreme weather events are reshaping the investment landscape. How can investors protect portfolios—and communities—from the rising physical risks of climate change? In this episode, Kate Webber , Chief Solutions and Technology Officer at the PRI, speaks with Dr Calvin Lee Kwan of Link Asset Management and Simon Whistler , PRI’s Head of Real Assets , to explore how investors can turn climate resilience into both risk management and value creation. Overview Physical climate risk is no longer theoretical—it’s here. Floods, fires, and black-rain events are increasing in frequency and intensity, with real financial consequences. Simon Whistler outlines how investors are beginning to quantify and address these risks, yet highlights that fewer than one-third of PRI signatories currently report on physical climate risk metrics. Calvin Lee Kwan shares how Link Asset Management has moved from reactive recovery to proactive resilience—reducing insurance premiums by 11.7% and strengthening investor confidence in the process. Detailed Coverage Physical climate risk today: More frequent and severe events—from typhoons in Hong Kong to floods in Europe—are causing major financial and operational losses. Investor action gap: Only 29% of investors report on physical climate risk, compared with 50% in the real-assets space, showing the need for broader engagement. Value protection and creation: Link’s sustainability strategy is built on two pillars—protecting existing value through resilience and creating new value through efficiency and stakeholder alignment. From risk to return: Engaging insurers with clear, data-driven resilience metrics translated into measurable financial results, proving sustainability can deliver bottom-line benefits. Community resilience: Floodwaters don’t stop at property boundaries. Link’s team now collaborates with neighbors, local authorities, and infrastructure managers to build district-level resilience—an approach that benefits whole communities. Industry-wide change: Collaboration between investors, insurers, and policymakers is key to building consistent models, pricing resilience into valuations, and driving systemic adaptation. Communication as a catalyst: For Calvin Lee Kwan, sustainability comes down to translating resilience into stakeholder-specific value—from stable returns for investors to safety and reliability for tenants. Chapters 00:43 – Welcome and introductions 02:08 – Why investors must act on physical climate risk 05:07 – How far investors have come—and how far to go 07:23 – The cost versus opportunity debate 08:43 – Link Asset Management’s practical approach 11:48 – A watershed moment: floods and recovery 13:34 – Turning resilience into measurable value 15:23 – Black-rain events and extreme weather 16:59 – Challenges for other investors 20:23 – Partnering with insurers to price resilience 25:00 – From property-level to community-level resilience 27:28 – How resilience links to property valuation 30:50 – Final reflections: communication, focus, and leadership 32:44 – What is the responsibility of investing For more details, visit: https://www.unpri.org/climate-change-for-private-markets/assessing-physical-climate-risk-in-private-markets-a-technical-guide/13135.article Keywords responsible investment, physical climate risk, resilience investing, PRI podcast, Link Asset Management, insurance and sustainability, real assets, climate adaptation, community resilience, property valuation, ESG integration, value creation, decarbonisation, stakeholder alignment, risk management, sustainable finance, investor communication Disclaimer This podcast and material referenced herein is provided for information only. It is not intended to be investment, legal, tax or other advice, nor is it intended to be relied upon in making an investment or other decision. PRI Association is not responsible for any decision made or action taken based on information on this podcast. Listeners retain sole discretion over whether and how to use the information contained herein. PRI Association is not responsible for and does not endorse third parties featured on in this podcast or any third-party comments, content or other resources that may be included or referenced herein. Unless otherwise stated, podcast content does not necessarily represent the views of signatories to the Principles for Responsible Investment. All information is provided “as is” with no guarantee of completeness, accuracy or timeliness, or of the results obtained from the use of this information, and without warranty of any kind, expressed or implied. PRI Association is committed to compliance with all applicable laws. Copyright © PRI Association 2025. All rights reserved. This content may not be reproduced, or used for any other purpose, without the prior written consent of PRI Association.
Is the transition to a sustainable economy happening to us or because of us? Associate Professor Ioannis Ioannou (London Business School) joins host Kate Webber to unpack the recent ESG backlash and why today’s “disorderly transition” must become an orderly one. We explore how investors can push markets toward aligned capitalism - a system that lives within planetary and social boundaries - while unlocking “trapped competencies” and long-term value. Overview Ioannou argues we don’t choose whether to transition—the system is already shifting amid climate change, biodiversity loss, and widening social inequalities. The real choice is whether that transition is orderly (policy-led, long-term, and integrated) or disorderly (reactive, crisis-driven). He outlines how investors can re-center long-termism, integrate sustainability into core strategy (not a side product), and restore the original purpose of capital markets: scaling real-economy solutions. Detailed coverage Orderly vs. disorderly transition: Planetary boundaries are breached; social stress is rising. An orderly path minimises harm and plans within ecological and social limits. Aligned capitalism: Capitalism is a human-made system that can be re-ruled to fit reality. Policy, incentives, and investment practices should align with science and society. From stranded assets to “trapped competencies”: Future-fit capabilities (circularity, regeneration, inclusion) remain undervalued until the system aligns—creating alpha for first movers. Investor playbook: Reframe metrics beyond short-term profits; deploy patient capital toward companies building system-shifting capabilities; advocate for rules that unlock these competencies. Integration, not silos: Sustainability must hold authority inside firms; RI can’t be a niche fund while the rest ignores impacts. Capital markets’ role: Finance the next industrial transformation (energy, transport, food). Prioritise scaling real solutions over purely financial engineering. Beyond shareholder primacy: Re-balance to a “team production” model that values natural and human capital alongside financial capital. Long-termism & multilateralism: Global problems need global collaboration; regionalism can’t substitute. Impacts are already “now,” not just long term. Why the ESG backlash can help: It forces clearer, evidence-based narrative infrastructure (not just technical standards) that connects with citizens and beneficiaries. Agency & communication: Engage end-investors better (including with AI-enabled tools); reflect their values in products; compound positive choices over time. Responsibility redefined: Don’t just align— restore and regenerate ecological and social capital. Chapters 00:01 – Welcome & series context 00:52 – Guest intro and PRI’s Investment Case database 02:11 – Orderly vs. disorderly transition 05:38 – Defining “aligned capitalism” 07:37 – Future-fit capabilities & trapped competencies 10:51 – Investor incentives for alpha & impact 14:12 – Making RI core (authority, integration, structure) 18:17 – Capital markets’ original purpose 21:08 – Shareholder primacy & governance rethink 25:30 – Long-termism, regionalism, and global coordination 29:02 – Why the ESG backlash might be good 31:18 – From technical to narrative infrastructure 36:53 – Investor–beneficiary engagement (agency, tech, product design) 41:23 – The responsibility of investing: align, restore, regenerate The PRI has published a database to support investors to make the case for responsible investment. Find out more on our website: https://www.unpri.org/investment-tools/investment-case-database Keywords responsible investing, aligned capitalism, planetary boundaries, disorderly transition, long-termism, narrative infrastructure, trapped competencies, stranded assets, PRI Investment Case, ESG backlash, fiduciary duty, capital markets, circular economy, regeneration, system stewardship, stakeholder governance, beneficiary engagement Disclaimer This podcast and material referenced herein is provided for information only. It is not intended to be investment, legal, tax or other advice, nor is it intended to be relied upon in making an investment or other decision. PRI Association is not responsible for any decision made or action taken based on information on this podcast. Listeners retain sole discretion over whether and how to use the information contained herein. PRI Association is not responsible for and does not endorse third parties featured on in this podcast or any third party comments, content or other resources that may be included or referenced herein. Unless otherwise stated, podcast content does not necessarily represent the views of signatories to the Principles for Responsible Investment. All information is provided “as-is” with no guarantee of completeness, accuracy or timeliness, or of the results obtained from the use of this information, and without warranty of any kind, expressed or implied. PRI Association is committed to compliance with all applicable laws. Copyright © PRI Association 2025. All rights reserved. This content may not be reproduced, or used for any other purpose, without the prior written consent of PRI Association.
A decade on from the Paris Agreement, COP30 in Brazil is shaping up to be the implementation COP . For investors, this means not only understanding the risks of inaction but also seizing the opportunities that climate and nature-based solutions present. In this episode, Tamsin Ballard , Chief Initiatives Officer at the PRI, speaks with Wendy Walford , Head of Climate and Nature Risk at Legal & General and Policy Track co-lead for the Net Zero Asset Owner Alliance , about why institutional investors are engaging in the UN climate negotiations and what they hope to achieve Wendy Walford explains how Legal & General integrates climate and nature considerations into decision-making and why COP30 represents a pivotal moment. She highlights the role of private finance in achieving the Baku to Belém Roadmap commitment of mobilising $1.3 trillion for emerging and developing economies. The conversation explores why investors must be at the table, how alliances can amplify their voice, and why policy stability is the linchpin to unlock large-scale capital flows. Detailed coverage Why COP30 matters to investors : Climate is a systemic risk that directly affects portfolios. Investors need to understand policy outcomes to align long-term allocations. The $1.3 trillion roadmap : COP29 in Baku highlighted the necessity of private finance in scaling investment into emerging markets. COP30 will test how barriers to this ambition can be addressed. Opportunities and risks : Mobilising finance offers huge upside in renewable energy, adaptation, and nature-based solutions, but investors also face volatility: FX risk, and limited data. Investor expectations for COP30 : Calls for stable, long-term policy environments, signals to boost confidence, and frameworks to unlock investable opportunities in climate and nature. Nature-based solutions : From sovereign debt-for-nature swaps to carbon markets, innovative instruments are emerging but require multistakeholder cooperation and supportive regulation. Amplifying investor voices : Alliances like the Net Zero Asset Owner Alliance provide a collective voice that ensures investor needs are heard in negotiations. The responsibility of investing : Long-termism is essential — balancing short-term returns with the duty to build resilient, sustainable portfolios for future beneficiaries. Chapters 00:43 – Why COP30 matters to investors 02:19 – Legal & General’s role and the Net Zero Asset Owner Alliance 05:23 – Why engage with UN climate negotiations? 06:04 – The Baku to Belém Roadmap and $1.3 trillion finance goal 08:44 – Barriers and risks in emerging markets 11:06 – Opportunities vs. resilience in climate investing 14:37 – Key asks for COP30 outcomes 15:57 – Nature-based solutions and innovative financing 18:18 – Investor expectations for government action 20:10 – Practical advice for engaging with the COP process 23:49 – What is the responsibility of investing? Read more about the PRI’s Road to COP30 programme and buy your tickets to PRI in Person at https://www.unpri.org/sustainability-issues/climate-change/the-road-to-cop30 Find out more about the NZAOA at https://www.unepfi.org/net-zero-alliance/ Keywords responsible investment, COP30 Brazil, PRI podcast, Legal & General, Net Zero Asset Owner Alliance, climate finance, systemic risk, Paris Agreement, Baku to Belém Roadmap, emerging markets investment, sustainable investing, adaptation finance, nature-based solutions, sovereign debt-for-nature swaps, carbon markets, fiduciary duty, investor policy engagement, long-term portfolio resilience, ESG integration Risk Disclaimer Your capital is at risk. The value of investments can fall as well as rise, and you may get back less than you invested. Past performance is not an indicator of future results. Disclaimer This podcast is provided for educational and informational purposes only. It is not investment advice, financial planning guidance, or a recommendation to buy, sell, or hold securities. All discussions are for educational purposes only.
As geopolitical tensions rise, responsible investors are asking tough questions: Is there a case for responsible investment in defence? In this episode, Nathan Fabian , Chief Sustainable Systems Officer at PRI, is joined by Mark Wade (Allianz Global Investors), Estelle Parker (Responsible Investment Association Australasia), and Torben Möger Pedersen (Danish Foreign Policy Society; former CEO, PensionDanmark) to explore whether defence can be considered part of responsible investment, and if so, under what conditions. Overview The discussion examines the complexities of defence in the environmental, social and governance context. With NATO members increasing their budgetary commitments and European states boosting spending, defence is becoming a more prevalent part of the investment landscape. Yet reputational, human rights, and environmental risks remain at the forefront of investor concerns. The panel unpacks exclusion versus inclusion approaches, the rise of dual-use technologies, transparency challenges, and the role of stewardship in shaping defence practices. Detailed Coverage The case for defence investment: Torben argues that democracy and national security are foundational, making military capacity essential to safeguarding rights and advancing long-term societal goals. Human rights and environmental risks : Estelle highlights investor obligations for heightened due diligence, noting reputational, environmental, corruption, and legal risks tied to weapons. Evolving client expectations : Mark outlines shifting European regulation and investor sentiment, with non-labelled funds more open to limited defence exposure under strict conditions. Dual-use technologies : The blurred line between civilian and military innovation (cyber, AI, drones, green energy) challenges investors to navigate benefits and risks. Transparency and disclosure : All panelists agree that investors need clearer reporting from defence companies — not on classified technology, but on customers, contracts, and safeguards. Stewardship opportunity : Rather than blanket exclusion, investors could push for higher standards by engaging directly with defence companies and shaping industry norms. Chapters 00:44 – Why defence is back on the agenda 02:09 – Democracy, defence, adding the “D” into ESG? 05:26 – Human rights, reputational, and environmental risks 08:53 – Ukraine, NATO, and the defence boom 11:47 – Client expectations and regulatory shifts 16:08 – Responsible investing frameworks: defence as social necessity? 18:24 – Due diligence, customers, and sanctions 23:31 – Stewardship, standards, and defence bonds 28:33 – Dual-use technologies and transparency 37:36 – Human rights due diligence in practice 40:04 – Policy, regulation, and long-term certainty 45:00 – Final reflections on the future of defenCe investing 47:16 – The responsibility of investors in today’s world Keywords responsible investment, defence sector ESG, PRI podcast, democracy and defence, sustainable investing, fiduciary duty, NATO defence spending, human rights due diligence, reputational risk, dual-use technologies, defense bonds, military ESG risks, transparency in defence, systemic stewardship, long-term investment strategies, ethical investing, exclusion vs inclusion, autonomous weapons, investor stewardship, sustainable finance regulation Risk Disclaimer Your capital is at risk. The value of investments can fall as well as rise, and you may get back less than you invested. Past performance is not an indicator of future results. Disclaimer This podcast is provided for educational and informational purposes only. It is not investment advice, financial planning guidance, or a recommendation to buy, sell, or hold securities. All discussions are for educational purposes only.
Ranking source
Apple Podcasts rankings via the Mato Topic Intelligence Platform.
Observed September 15, 2026. Cached outside the daily freshness window; the positions keep the date they were taken on.
Apple and Apple Podcasts are trademarks of Apple Inc., registered in the U.S. and other countries.
Pairs with
Bring this source into Mato to read its transferable patterns, then turn them into an original show for your own audience.