Indranil Ghosh has launched a new podcast where he unpacks the success stories from his network of champions in impact business.
For over a decade, I have been working companies which have made a material impact on the environment, on human health, and on social equality—while also returning extraordinary financial returns to shareholders along the way.
Each week starting August 10th, I will unpack the success stories of entrepreneurial champions from my network, digging deep to find the winning practices that listeners can use in their own ventures and ESG investment portfolios.
Guests will include Javier Cavada, President and CEO of Highview Power, who will talk about the company’s pioneering CRYOBattery which is pushing the frontiers of energy storage. Highview offers a clean, cost-competitive solution to store energy at grid scale for hours and even days—much longer than Li-ion batteries which are suited for 1-2 hours of storage.
I will also be talking to Glen Martin who will introduce his fourth venture Hyox Space—an exciting new venture with a blueprint to revolutionize aviation and ground transportation with clean hydrogen at a lower cost that today’s carbon-based fuels.
There are many exciting discussions to look forward to. I hope you will tune in every week on Acast, Apple iTunes, Google Podcasts, Spotify or your favourite podcast channel.
Recent episodes include:
- Clean Hydrogen for Transportation, featuring Infrastructure Innovator & Aerospace Engineer, Glen Martin
- The Food-Energy-Waste Circular Economy, featuring President and Chairman of Empire State Greenhouses, Louis Ferro
- Building a Climate Impact Investment Platform, with Founder & Managing Partner at Greenbackers Investment Capital, Robert Hokin
For more details, check out the Impact Unicorns website at www.impact-unicorns.com.
Norbert Paddags co-wrote this article that explains why private banking can grow and become more profitable, in a good way.
Sustainable investments continue to gain in importance, driven by investor expectations and regulation. This creates challenges for portfolio management and the pricing of cost-intensive ESG services. If these are mastered, one can do good and earn money in the process.
On March 10, 2021, the “Regulation on Sustainability-Related Disclosure Obligations in the Financial Services Sector”, or Disclosure Regulation for short, will come into force and thus one of the central components of the EU’s ESG regulations. The ordinance, which, among other things, is intended to increase transparency about which financial products are more or less “green”, has been widely discussed in the specialist press, from the setting of objectives to implementation. Even if the goal of reducing “greenwashing” is a very sensible one, some private bankers will be reminded of the introduction of MiFID II and be slightly or more annoyed: additional regulatory effort in the case of requirements that are still unclear and have to be implemented at short notice.
Beyond the fulfillment of the minimum regulatory requirements, which one simply cannot avoid, the question arises for every company how it would like to deal with the topic of ESG now and in the future. A minimalist approach would be to include individual sustainable investment solutions in the range so that the customer can say “We also have something in green” when asked. Even if this approach may seem resource-saving and therefore sensible in the short term, it negates two important points:
ESG is one of the dominant social issues, and therefore also a financial market issue, and will develop into the market standard, which can be demonstrated, among other things, by the growth of AuM
Regardless of how practicable it is to implement them, ESG-related regulations will become increasingly important over the next few years, from investment advice to the identification of EU-specific ESG criteria.
If you follow these two theses, a comprehensive alignment and implementation of ESG topics is necessary.
Key points include:
- The growth of green market
- Requirements for ESG portfolios
- Sustainable pricing models
Read the full article, Do good and earn money with it – how private banking can grow and become more profitable with ESG, on Paddags.com.
Indranil Ghosh shares the latest episode of Powering Prosperity Weekly. In this post, he shares an interview with Rachel Ziemba of The Street where they discuss the fiscal and infrastructure proposals in Biden’s US congressional address.
Welcome to this week’s edition of Powering Prosperity Weekly.
This newsletter looks at issues relating to the Global Economic Transition that will play out over the coming 20-30 years (see my introductory article on LinkedIn for additional context).
As President Biden completed his first 100 days in office, I took the opportunity to talk to many folks in policymaking, business, and investing circles to take stock of what’s been achieved and what the priorities should be for the next 100 days.
In an article appearing in The Street, Rachel Ziemba and I dissected the fiscal and infrastructure proposals in Biden’s US congressional address. And in a Chief’s Forum sponsored by the Washington Times, I discussed the opportunities and challenges that lie ahead in a livestream with former Whitehouse Chiefs of Staff and C-suite execs from across the economy.
What to Look for in the Next 100 days?
For supporters of sustainable development, the general policy direction of President Biden’s first 100 days has been a refreshing tonic. Averting climate change, fighting inequality, supporting working families, and racial equity are finally centre stage in the American political dialog.
Key points include:
- Biden’s tax proposals
- $30 billion in Farm Aid
- The sustainable investing framework
Read the full article, The Next 100 Days, on LinkedIn.
Indranil Ghosh takes the pulse of the future and delivers it through the podcast Powering Prosperity Weekly. This week, he interviews Louis Ferro, vertical farming entrepreneur, on vertical farming and the inevitable transformation of agriculture.
You know by now that I’m passionate about companies that are addressing the planet’s major issues, including the climate crisis, population growth and food and water scarcity.
My book, Powering Prosperity (https://www.amazon.co.uk/Powering-Prosperity-Citizens-Shaping-Century/dp/1642933082), outlines my thoughts on these matters – as do my vlog and newsletter (https://www.tigerhillcapital.com/powering-prosperity#thinking2).
One company I feature in my book is called Empire State Greenhouses, a semi-rural vertical farm in the Catskills in New York. It’s the largest completely closed-loop vertical farm system I’ve seen and, based on my experience in sustainable infrastructure investing, I believe it’s a model that could transform agriculture.
One company I feature in my book is called Empire State Greenhouses, a semi-rural vertical farm in the Catskills in New York. It’s the largest completely closed-loop vertical farm system I’ve seen and, based on my experience in sustainable infrastructure investing, I believe it’s a model that could transform agriculture. National Geographic estimates that the global population will pass 10bn by 2050, which current agricultural systems could not feed. Vertical farms are yet to solve this issue, but with ESG, we think we have a key solution:
Key points include:
- Water use
- Carbon emissions
- Volume of produce
Access the podcast and read the full article, Large Scale Vertical Farming comes of Age, on LinkedIn.
Indranil Ghosh shares an article and interview from Powering Prosperity Weekly that explains how clean energy is one way to help prevent Africa from backsliding into poverty.
This week Matt Lomas discusses with the NGO Energy 4 Impact how energy access is critical to helping people escape poverty. Matt is joined by Ben Good and Godfrey Sanga, CEO and Director—East Africa respectively of Energy 4 Impact.
Energy 4 Impact helps businesses and markets deliver access to energy in Africa, improving the quality of life for millions of people. It believes businesses can offer the best solutions to the lack of energy—one of the most pervasively debilitating aspects of poverty that holds back sub-Saharan Africa’s development. It provides energy sector participants with operational, financial and technical advice to accelerate the growth of their businesses that deliver energy access. It is currently overseeing the Powering Villages project which aims to bring energy solutions to 60,000 people in 20 of the poorest villages in Kenya and Tanzania. Ben and Godfrey bring to their mission decades of experience in the renewable energy and in particular off-grid energy sector in Africa and across the developing world.
Listen to the full conversation with Ben and Godfrey from Energy 4 Impact on Spotify here.
Before the pandemic, the world was making great strides in reducing extreme poverty—with those living on less than $1.90 a day falling from roughly 1.5 billion in 2000 to 650 million in 2018.
Key points covered include:
- Pre-pandemic progress in reducing poverty
- World Bank projections
- How clean energy contributes
Read the full article, How to Help Prevent a Back-Slide into Extreme Poverty in Africa, on LinkedIn.
Indranil Ghosh shares the second instalment of a two-part series on hydrogen power and how it can help countries meet Net Zero targets.
Before we get into the topic of hydrogen again, I’d like to invite you to listen to my webinar on “The Future of ESG Investing” tomorrow at 10am EST. The webinar is hosted by GlobalWonks, a global research network headquartered in Washington DC. The details are in the flyer below.
In Part 2 of our series on the hydrogen economy, Indranil speaks with Ad Van Wijk, sustainable energy entrepreneur and part-time Professor Future Energy Systems at TU Delft, the Netherlands.
Governments around the world are increasingly feeling the heat and are enacting ‘Net Zero’ emissions targets. The sense of urgency only seems to have been heightened by the pandemic. As part of its European Green Deal agenda, the European Union for example is targeting 55% emissions reductions by 2030 and net zero emissions (which will be enshrined by law) by 2050.
These targets are highly ambitious. Just phasing out fossil fuels and installing renewable energy like wind and solar will still leave us far away from reaching these goals, as the International Energy Agency has argued. Indeed, both the IEA and EU believe developing the hydrogen economy is critical to reaching Net Zero.
Key points covered in this interview include:
- Why hydrogen holds so much promise for decarbonization
- Why Northern Netherlands is a strategic hub for hydrogen power
- Cost of production
Read the full article and access the interview, Why Hydrogen Power Is Critical to Combating Climate Change (part two), on LinkedIn.
Pricing – What private bankers can learn from Porsche
Banks have learned a lot from industries like the automotive sector in the past, but they still have some catching up to do. This includes innovative pricing approaches to increase profitability.
Imagine you want to buy a sports car, for example a Porsche. Maybe a 911. You call a dealer and want some information, including the price, because you can’t find it on the Internet. The dealer does not answer the question, but kindly invites you to an appointment and you discuss for two hours what you need the car for and what it should do. In a second appointment you will then receive a suggestion for the 911 and take a short test drive. They ask whether there are alternatives, for example an SUV for the family or a car for long trips or an entry-level model. All this is denied by the dealer, but he praises the different color and engine variants. Ultimately, you’re talking about the price, which is $ 130,000 on the first offer. You ask politely, almost shyly, whether something could be done. And the seller replies without hesitation that he can leave you EUR 15,000.
Pricing: Porsche vs. Private banking
Is this a completely absurd story? In the automotive industry for sure, but is it a good – admittedly exaggerated – description of the situation in private banking? Comparisons of this kind are never perfect, but they are often illuminating. One difference, of course, is that the sports car is a highly emotional product and the private banking service is a less than inspiring service. Nevertheless, the target groups are similar and the costs of a private banking mandate over the term of the customer relationship quickly reach the price of a Porsche. Three aspects of the “absurd” story need to be discussed for private banking:
(Still) lack of price transparency: The private banking customer (still) has to make a significant effort to get an overview of the usual market conditions, as these are not disclosed by the institutions. Typically, the customer only receives a specific offer in the second interview. Ie although the services are essentially similar, the pricing is discretionary. Even if this can be a very comfortable situation from the perspective of the private banker, it is questionable how long it will last.
Key points include:
- Why pricing is important
- Brief excursus on pricing theory
- Pricing approaches or what needs to be done?
Read the full post, Pricing – What private bankers can learn from Porsche, on Paddags.com.
Indranil Ghosh shares part one in a two part series that makes a case for the hydrogen economy, and links to an interview with Hervé Touati, Executive Director at Available Power, and Frank Wouters, Global Lead Green Hydrogen at Worley.
Welcome to this week’s edition of Powering Prosperity Weekly.
This weekly newsletter looks at issues relating to the Global Economic Transition that will play out over the coming 20-30 years (see my introductory article on LinkedIn for additional context).
In Part 1 of a two-part series on the hydrogen economy, this week we attempt to answer perhaps the most important sustainability question of all: what is required to transition the planet onto a net zero carbon emissions?
It is a highly ambitious target and right now we are not doing enough. Just installing renewable energy like wind and solar will still leave us far away from reaching this target, as the International Energy Agency has argued. We will need other technologies like hydrogen, which as the chart below shows, has huge potential to decarbonize our economies.
Read the full article, Can We Meet Net Zero By 2050? The Case for Hydrogen, on LinkedIn.
Indranil Ghosh provides part one of a two-part series on efficacy and impact of ESG investing. This article pertains to the effects of the coronavirus on ESG investing.
Five years ago, many people dismissed environmental, social, and corporate governance (ESG) investing as a fad because it put purpose alongside profit. But today, ESG investing seems to have become mainstream as global flows into sustainable investing are worth upwards of $4 trillion annually. Furthermore, as the Covid-19 crisis mounted in Q1 2020, investors poured $45.6 billion into ESG funds while $384.7 billion flowed out of the overall fund universe.
According to the UN, the funding gap to meet the Sustainable Development Goals (SDGs) is at least $2.5-3 trillion annually in developing countries alone. We think it’s more like $5 trillion globally. Plugging this gap from the public purse would require a 20% increase in the global tax base, which stands at about $25 trillion today. Clearly, this is not feasible. However, steering a small portion of global private wealth, which stands at $200 trillion globally, into sustainable investments could address the world’s development challenges.
Key points in this article include:
- The problems with ESG investing
- The additive impact of ESG investing
- ESG and systems change
Read the full article, Does Covid-19 Mark the End of ESG Investing, or A New Beginning?, on LinkedIn.
On his weekly podcast, Powering Prosperity Weekly, Indranil Ghosh explores how we can build a more sustainable world through business. In issue 17, he interviews Christian van Maaren, Founder of Excess Materials Exchange, on how the idea of a Circular Economy was born, the benefits, and what is holding back the adoption of this concept.
Over the next few issues, I will be diving into the world of the Circular Economy. But first, let’s take a moment to define what this term means, and why people get so excited by the opportunity:
The main idea of the Circular Economy is to maintain the value of products and materials for as long as possible. Waste and resource use are minimized, and when a product reaches the end of its life, it is used again to create further value. Circular economy principles can bring major financial benefits to companies and reduce the environmental impact of industry.
Renewable energy can address the 55% of greenhouse gas emissions (GHG) produced by energy systems*, energy for transportation, and energy for buildings. But it cannot address 45% of emissions attributed to the production of materials, products, food, and the management of land.
According to the Ellen MacArthur Foundation, applying circular economy strategies in just five key areas—cement, aluminium, steel, plastics, and food—would address half of these remaining emissions.
Points covered in this article include:
- The cost of recycling
- Health and safety issues
Read the article or access the link to the full interview, How an Antarctic Expedition Gave Birth to A Circular Economy Pioneer, on LinkedIn.