About | Pablo Berrutti

Pablo Berrutti

I am a passionate and experienced financial services professional, committed to working with others to drive a real shift towards a sustainable, ethical and resilient financial system. I am also a husband, father of two children (and a dog!) and enjoy sport, cooking and brewing beer.

PROFILE

Professionally, I am the senior investment specialist for Stewart Investors and co-founder of Altiorem. I was previously the head of responsible investment Asia Pacific for First Sentier Investors. I have been a director and chair of the Responsible Investment Association of Australasia, sat on the coordinating working group of the Australian Sustainable Finance Initiative, and the Advisory committee of UNSW’s Australian Human Rights Institute.

We are building Altiorem because we believe that to achieve the Sustainable Development Goals and the Paris Climate Agreement, finance must play an important role with people inside and outside the industry advocating for and implementing the change we need. For this to happen the wealth of information which supports sustainable finance needs to be more accessible.

I hope Altiorem helps you in promoting sustainable finance – please let me know how we can make it better.

RECENTLY REVIEWED BY PABLO BERRUTTI

Guidance on Sustainability-Linked Loan Principles

The Sustainability-Linked Loan Principles (SLLP) were originally published in 2019 and provide a framework to what is recognised as an increasingly important area of finance. A sustainability-linked loan is one that incentivises borrowers to improve sustainability performance targets. This guidance note should be read alongside the SLLP.
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Sustainability-linked loan principles

The Sustainability-Linked Loan Principles (SLLP), originated in 2019 to provide a framework for this growing area of finance. This summary reviews the SLLP and its five core components. The SLLP have been developed by an experienced working party consisting of representatives from leading financial institutions.
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Global Governance Principles

The Global Governance Principles (GGPs) from the International Corporate Governance Network (ICGN) are corporate governance standards that act as a framework for well-governed companies to follow. The GGPs are widely applicable, irrespective of national legislative frameworks or listing rules.
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Global stewardship principles

The International Corporate Governance Network (ICGN) Global Stewardship Principles (GSPs) provide an international framework for investors to implement their fiduciary obligations on behalf of clients and beneficiaries. ICGN’s stewardship principles are a set of aspirational best practices, curated to be used flexibly with individual investor circumstances in mind.
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Tobacco: Reviewing the growing financial risks

30 November 2018
Addresses the performance declines in the tobacco industry and presents evidence of how it can be a financial risk for investors. It examines industry trends and outlooks in the context of varying future scenarios and provides recommendations to support future investment decisions.
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Fiduciary duty in the 21st century: Final report

This is the final report from a four-year, multi-stakeholder/multi-jurisdiction research and engagement exercise. It demonstrates that environmental, social and governance integration is a component of investors' fiduciary duty. In order to fulfill this duty, regulators and policymakers must better understand fiduciaries’ needs and establish policies that support this approach.
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Internal displacement from January to June 2019

Internal Displacement Monitoring Centre's (IDMC) findings reveal the most significant displacements associated with conflict, violence and disasters around the world between January - June 2019. The report gives an insightful gauge of global displacements, 7.8 million triggered by disasters and 3.8 million by conflict and violence.
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ASEAN 2019 Green finance: State of the market

31 December 2019
An overview of data by the Climate Bonds Initiative, illustrating market growth in ASEAN’s green, sustainable bond, and loan markets. ASEAN is an intergovernmental organisation integrating economic, educational, and sociocultural integration. ASEAN's issuance grew 98% in 2019 and makes up 3% of the global total.
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Implementing inclusive business models: How business can work with low-income communities

This paper makes the case for why businesses should implement inclusive business models and engage low-income populations along their value chains. It identifies common market constraints of inclusive business models and how to overcome them.
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RECENTLY PUBLISHED BY PABLO BERRUTTI

How can businesses thrive in a sustainable economy?

22 February 2023
How can businesses thrive while still respecting planetary boundaries and meeting the essential needs of all people? This report provides a framework for businesses to transition to sustainable models by addressing unsustainable characteristics and adopting regenerative and distributive practices. The report highlights examples of businesses implementing these strategies and provides a Sustainable Business Model Canvas for businesses and investors to assess alignment with a sustainable economy.
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Applying economics – not gut feel – to ESG

22 August 2023
This report advocates for the application of mainstream economics to evaluate environmental, social, and governance (ESG) issues for long-term financial and social returns. It identifies how conventional thinking around ten key ESG issues can be overturned when applying mainstream economics principles to provide better ESG insights.
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The race of our lives revisited

GMO
31 August 2018
GMO's founder and long-term investment strategist, Jeremy Grantham, offers a wide-ranging analysis of interconnected environmental crises, explores solutions and makes recommendations for investors. The paper covers climate change, population growth, soil erosion and toxicity. It concludes by making the case for environmental investment strategies and fossil fuel divestment.
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RECENTLY POSTED BY PABLO BERRUTTI

A new framework for understanding the sustainability of business models – Part 2

17 July 2023

Business as usual is unsustainable. Whether you are providing advice or evaluating companies to invest in, clients are increasingly interested in how their money is invested. In this context, it is time to consider the role of business and the assumptions about what business traits make a company an attractive investment. This two-part series is based on our research How can businesses thrive in a sustainable economy? In part two we discuss five areas where business models can evolve to thrive in a sustainable economy.

Big Tech and AI: Opportunities, risks, and the need for responsible development

26 June 2023

The rapid advancement of Artificial Intelligence (AI) has brought both opportunities and risks for Big Tech companies. This article explores the current landscape of Big Tech and AI, highlighting their dominance in the field, the ongoing debate over responsible development, the opportunities presented by increased automation, and the risks associated with trust, liability, and legal uncertainties.

A new framework for understanding the sustainability of business models – Part 1

6 April 2023

Business as usual is unsustainable. Whether you are providing advice or evaluating companies to invest in, clients are increasingly interested in how their money is invested. In this context, it is time to consider the role of business and the assumptions about what business traits make a company an attractive investment. Part 1 of a two part series outlines the five unsustainable characteristics that need to be addressed if a business is to thrive in a sustainable economy.

Report: How can businesses thrive in a sustainable economy?

22 February 2023

This paper highlights the limitations and misalignment of current business models with the objectives of a sustainable economy as defined by the Doughnut Economics model. Drawing from case studies, the report investigates how business models need to change to fit into a sustainable economy, and presents a new framework for companies and investors to assess an organisation’s alignment with a sustainable economy.

Does Australia need nuclear energy to reach net-zero by 2050?

7 November 2022

Nuclear power generates 70% of energy in France, 30% in Sweden and 19% in the US. Policies aiming to phase out nuclear power in Japan and South Korea have recently been reversed while 19 countries have nuclear reactors under construction. In Australia, however, nuclear energy has been banned since 1998. Do we need to rethink nuclear?

The rise of gender washing

17 October 2022

Gender equality continues to be a key issue that companies are being called on to address with public attention focused on issues like the gender pay gap, harassment, and a lack of representation. However, like other Environmental, Social and Governance (ESG) issues, some companies have been accused of overstating their progress or ‘gender washing’.

Impact investing

11 August 2022

Impact investing seeks to add value to society whilst also achieving financial returns. It is different from sustainable or ethical investing as it explicitly seeks to make a measurable positive social or environmental impact from the investment. Impact investing in recent years has begun to gain traction, with young investors most notably taking part. This article will explore impact investing, recent trends, and what the future holds for impact investing.

We need to talk about net zero bullsh*t.

24 June 2021

When considering the rush of net zero commitments we need to ask whether it marks a positive signalling exercise which will drive real change, or is it a delusion that makes us feel good for now but will collapse when greenhouse gas emissions continue to rise? Commitments can set the stage for action, but they can also provide escape hatches for guilt free failure. Humanity has a small window through which a stable climate can still be achieved. Only if we can distinguish the bullsh*t from the actions driving real and equitable change at the scale and speed required will we make it through.