Sustainability Now

Climate adaptation is already a trillion-dollar market, and it's set to keep growing — but most companies aren't labelling it as one. We map where the real opportunity sits, how to tell durable demand from a good story, and why backing adaptation doesn't mean giving up on the energy transition.

Host: Bentley Kaplan, MSCI R&D
Guest: Mathew Lee, MSCI R&D

AT&T filed many weather-related 8-Ks before it finally named hurricanes as a business risk in its annual report. It isn't an outlier: more than 80% of companies acknowledge physical climate risk is material, but fewer than a third lay out the details of what that means for their business. With a record-breaking El Niño set to peak in December, host Mike Disabato talks with MSCI's Jasmina Buresch about why it takes a second or third hit before companies disclose anything specific, how to tell a critical facility from an office everyone could just work remotely from, and why investors shouldn't wait for company disclosure to catch up to the underlying exposure.
Episode reading: The Price of Not Knowing
Host: Mike Disabato, MSCI Sustainability & Climate
Guest: Jasmina Buresch, MSCI Sustainability & Climate

Founders are increasingly keeping outsized voting control when companies like SpaceX go public. In this episode, we explore how this growing trend, known as control skew, has lined up with performance across a decade of major US IPOs.

Host: Gabriela de la Serna, MSCI R&D
Guest: Jonathan Ponder, MSCI R&D

An AI agent can pull emissions data in seconds. But can it tell you whether two companies’ numbers actually mean the same thing? We look at the risks hiding behind AI’s speed and precision.

Host: Bentley Kaplan, MSCI R&D
Guest: Tanguy Sene, MSCI R&D

This is the episode four of four we did in partnership with Finance Montreal, recording panelists at their Sustainable Finance Summit. And, fittingly, this last one is on AI.
In this episode, Rheia Khalaf, who leads financial sector collaborations at Mila - Quebec Artificial Intelligence Institute, discusses what she sees when a large, traditional company - the kind that turns like a tanker - decides to bring AI into its systems. She explains why the gap is rarely the technology itself but the governance that can't keep pace with it, from the concentration risk of leaning on a handful of major providers to the "shadow AI" and confidentiality gaps that open up when everyone is vibe coding. She also weighs the other side of the ledger - drug discovery, better climate prediction - against the real environmental cost of the data centers, and the water, energy and materials, that power it all.
You'll also hear from Harlan Tufford of MSCI Sustainability & Climate, on a new model he and his colleagues are building to assess which industries AI is most likely to disrupt - and support. He explores the tension between efficiency gains and job loss, why a figure like sixty percent of labor being automatable is a hypothetical maximum rather than a forecast, and how a company's economic moat decides whether the benefits of automation flow to the company, its competitors, or its customers. He also gets into what gets priced in first - the chatbots automating knowledge work, or the robots that come after.
Enjoy!!
Host: Mike Disabato, MSCI Sustainability & Climate
Guests: Rheia Khalaf, Mila – Quebec Artificial Intelligence Institute; Harlan Tufford, MSCI Sustainability & Climate