On a recent appearance on CNBC’s Mad Money with Jim Cramer, Hannon Armstrong CEO Jeffrey Eckel explained how investors can challenge the notion that sustainable investing doesn’t lead to profitable returns.
“We think in a world increasingly defined by climate change and we’re going to make better risk adjusted returns investing on climate change,” said Eckel. “For us that means reducing carbon or making communities more resilient.”
Eckel explained that reshaping finance in the era of a changing climate means banks should publicly disclose their investments and take a hard look if an asset is accelerating or slowing climate change.
“Our investment strategy is based in statistics, physics and economics. You don’t need to believe in climate change to believe our investment thesis.”
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