To paraphrase Bob Litterman, we are all passengers in a car that is hurtling towards a cliff caused by climate change. And, no one knows exactly how close we will come to the edge before we slam on the brakes. The social and economic ramifications of such an abrupt halt are very difficult to measure, but thanks to COVID-19, we have seen a glimpse of what a global standstill may look like. The floods, fires, and other physical manifestations of the change in climate are prompting action. The question is whether we can act quickly enough and whether solutions can be designed to have a positive impact on all citizens, particularly the economically disadvantaged who have been ravaged by the coronavirus and will be further disproportionately devastated by degradation of our climate.
The first six months of 2020 offer promise that we can affect meaningful change in short order: change in behavior, in business operations, and in investment philosophy. We see an increasingly swift evolution in technology, transportation and logistics, energy generation, storage and utilization, manufacturing and materials, circular economy, and food and agriculture.
At MoFo, we are proud to work with our clients to address the challenges posed by climate change. We advise public companies on the integration of ESG, including the reduction of emissions and assessment of climate risk, into their strategies and board-level decision making. We advise investors – from foundations to growth equity funds – on carbon reduction strategies and climate‑risk scenario modeling ensure that their investments make a positive social and environmental impact as well as appropriate IRR. We advise companies and tax-exempt entities on how to structure hybrid/tandem structures, to take the best from the nonprofit world to enhance impact in the for-profit world and vice versa. We advise entrepreneurs and inventors on how best to ensure that their technology, focused on emission and risk reduction, is implemented at scale and protected with trade secrets and patents. We advise a wide array of clients on the use of new corporate forms and other tools through M&A to preserve and accelerate impact and particularly climate change mitigation strategies.
We are proud to launch our Climate Briefing Room, a one-stop-shop for thought leadership and tools to support our clients on all matters that relate to climate. Here, we hope to share our knowledge of the sector, in order to work together towards a more climate resilient future.
For more information on our climate-related practices:
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