Former BoE adviser says valuations don’t capture carbon cost

Michael Sheren joins ESG Out Loud to discuss carbon, policy and launching a multi-strategy green fund management company

If you haven’t been looking at your portfolio and thinking about what impact a carbon price would have, all of your valuations are mispriced at some point in the mid term, according to Michael Sheren.

In the latest episode of ESG Out Loud, the former Bank of England senior adviser, and president and chief strategy officer of MGVX, asks investors to question whether they are paying the true cost of negative externalities.

Recorded just after the release of the final recommendations from the Taskforce for Nature-related Financial Disclosures, Sheren also discusses the limitations of voluntary frameworks, outlooks for COP28, a carbon tax and voluntary carbon markets.

He also reveals the planned launch, pending Monetary Authority of Singapore approval, of a multi-strategy green fund management company.

Listen to the episode above and subscribe to the ESG Clarity podcast on SpotifyApple Podcasts and follow us on Soundcloud.


Natasha Turner

Natasha was global editor at ESG Clarity, part of Mark Allen Financial, and a financial journalist for seven years. She has been shortlisted for Story of the Year and Investment Journalist of the Year...