Physical climate risk is probably unpriced across capital markets
Wendy Cromwell · Sustainable Investing 1: Wendy Cromwell – The $170 Trillion Opportunity (Capital Allocators, EP.139) · Jun 8, 2020 · at 42:56
Wendy Cromwell of Wellington Management discusses uncovering municipal bonds with identical yields and credit ratings despite drastically different physical climate exposures.
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“If it's not priced into municipal bonds, which are place-based, have a long duration to then relatively well traded, then it's probably not priced everywhere.”
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