Chapter Twelve CROWDED TRADES

Chapters in this book

1. Frontmatter i
2. CONTENTS v
3. FOREWORD ix
4. INTRODUCTION 1
5. PART 1 The Promise . . .
6. Chapter One THE STAKES 13
7. Chapter Two STAKEHOLDERS VERSUS SHAREHOLDERS 31
8. Chapter Three ACTIVISTS, THEIR ARGUMENTS— AND A LITTLE ENGINE THAT COULD 48
9. Chapter Four C-SUITE INSURRECTIONISTS 61
10. Chapter Five WHAT IF +1°C = -$100 TRILLION? 78
11. Chapter Six WHAT’S THE UNITED NATIONS GOT TO DO WITH IT? 94
12. Chapter Seven MATERIALITY 104
13. Chapter Eight A FEW WORDS ABOUT INDICES 123
14. PART 2 The Perils . . .
15. Chapter Nine VALUES VERSUS VALUATIONS 139
16. Chapter Ten HARDWIRING CORPORATE GOODNESS 153
17. Chapter Eleven INSIDE THE ESG ARMS RACE 169
18. Chapter Twelve CROWDED TRADES 187
19. Chapter Thirteen LET’S SPEAK PRIVATELY 198
20. Chapter Fourteen FIGHT OR FLEE? 208
21. PART 3 Solutions
22. Chapter Fifteen CIVICS LESSONS 223
23. Chapter Sixteen IMPACT INVESTING AT SCALE 235
24. Chapter Seventeen THE 1.6 PERCENT “SOLUTION” 250
25. CONCLUSION (or How to Avert Our Failed Future) 259
26. ACKNOWLEDGMENTS 269
27. Appendix EXEMPLARS OF HOPE 273
28. NOTES 277
29. INDEX 293