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Episode Introduction

Karina Funk: Right now it’s hard to get beyond the global pandemic and its fallout. The imperative to find a solution is intense. And those conversations we used to have with investors, millennials, voters, business leaders, scientists and policymakers about climate change? They feel like a long time ago. Yet whether top or mind or not, climate risk is also intense as evidenced by the correlation between urban air pollution and more severe cases of COVID-19. Or the fact that habitat destruction makes both wildlife and humans more susceptible to infectious disease.

There are other links between climate and COVID, starting with society’s immense inertia against investing in and preparing for events that are essentially binary, massive and unpredictable. We can debate whether this pandemic was predictable, but it certainly feels like, as a society, we weren’t prepared for how hard this would hit us. However, when it comes to climate change, we actually already know a lot and there’s a lot that we can predict, as well. We also know that climate action can be as much about avoiding climate change risks as it is about seizing the opportunity to create jobs, innovate, improve lives and save lives.

My name is Karina Funk. I’m a partner at Brown Advisory. As a long-term investor and chair of sustainable investing, I’m constantly looking for companies that are well-prepared for the future, whatever that may bring. That future includes a whole lot of volatility and unpredictability, and it definitely includes climate change.

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Guest

Doug Baker

Doug Baker

Chairman and CEO, Ecolab Inc.

Doug Baker is chairman of the board and CEO of Ecolab Inc., the global leader in water, hygiene and energy technologies and services that protect people and vital resources. Ecolab recently ranked #2 on Newsweek's annual Green Rankings list, #8 on Corporate Responsibility's list of Best Corporate Citizens and #26 on Barron's list of Most Sustainable Companies. The company regularly appears on Fortune's list of the World's Most Admired Companies and has been named to Ethisphere's list of the World's Most Ethical Companies for 13 consecutive years. Baker joined Ecolab in 1989, following seven years in brand management at Procter & Gamble. At Ecolab, he held a number of marketing and general management roles in the U.S. and Europe before becoming president and CEO in July 2004. In May 2006, Baker added chairman of the board to his duties. In addition to his Ecolab responsibilities, Baker serves on the board of directors of Target Corporation. He is trustee emeritus of the National Restaurant Association Educational Foundation and, a member of the Committee Encouraging Corporate Philanthropy, and is involved in a number of community initiatives in the Minneapolis-St. Paul area. Baker received a bachelor's degree in English from College of the Holy Cross in Worcester, Massachusetts, and serves on the college's board of trustees.

 

Host

Karina Funk, CFA

Karina Funk, CFA

Portfolio Manager; Chair of Sustainable Investing, Brown Advisory

Karina is a partner, portfolio manager of the Brown Advisory Large-Cap Sustainable Growth strategy and chair of sustainable investing. Karina joined Brown Advisory in 2007 and has extensive investment experience spanning early-stage ventures to debt and public equities. She was previously an equity research analyst for Winslow Management Co, a principal at Charles River Ventures, and an investment manager at the Massachusetts Renewable Energy Trust.

 

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The views and opinions expressed in this podcast are those of the speaker(s) and do not necessarily reflect those of Brown Advisory. These views are not intended to be and should not be relied upon as investment advice and are not intended to be a forecast of future events or a guarantee of future results. The information provided in this podcast is not intended to be and should not be considered a recommendation or suggestion to engage in or refrain from a particular course of action or to make or hold a particular investment or pursue a particular investment strategy, including whether or not to buy, sell, or hold any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. There is a risk that some or all of the capital invested in any such securities may be lost. This piece is intended solely for our clients and prospective clients, is for informational purposes only, and is not individually tailored for or directed to any particular client or prospective client.