We are just starting to see equity prices reflect these risks and opportunities, but only in the most extreme cases (i.e. Pacific Gas and Electric which we’ll discuss later in the letter). In the last month alone, two scientific reports came out affirming the accelerating impacts of climate change.
Redwood Grove’s Impact Report, Impact Resistant Windows and a New Logo
In this quarter’s investor letter, we discuss the impact of climate change on windows, introduce our 2023 Climate Impact Report.
2023 Climate Impact Report
Climate research and analysis has been an integral part of Redwood Grove Capital’s (RGC) investment process since its inception in 2016.
Anti-ESG investing and the Economics of Climate Change
This year Environmental, Social and Governance (“ESG”) and climate investing came into the white-hot glare of the political spotlight.