Remove Equity Remove Market Capitalization Remove Systematic Risk
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Unbundling Climate Change Risk from ESG

Reynolds Holding

This is because mitigating climate change risk reduces systematic risk across a portfolio of diversified investments. The disruptions associated with various realizations of climate change risk will spread across the entire economy and thus across a diversified stock portfolio; climate change risk is systematic.

Equity 40
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Shadow SEC: The Value of an Independent SEC

Reynolds Holding

Effective and well-designed laws governing investment and financial markets are the single most important foundation for financial markets to allocate capital efficiently while providing optimal reassurance to investors and lenders. Risks flowing from basic legal design are systematic and cannot be diversified.