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| Rinus Verhagen: Global Money Reset, Currency Revaluation, GESARA Compatible Cache Translate Page |
The Global Money Reset / Revaluation of Currency, GESARA compatible
My short story how I got involved in this, and the nonsense of absolute any fund would be important.
But also to show that Swissindo has been involved in this since 1963: https://operationdisclosure.blogspot.com/2019/01/rinus-verhagen-big-plan-which-has-taken.html Or in Dutch: https://uitleg-gesara-nl.blogspot.com/
From my drive to change the system, I designed a product that should provide us with unlimited clean energy, and can be used for multiple purposes.
I tried to find an investor, but I didn't succeed, which I am not really dissatisfied with, because then I would have been restricted, and the product would be unaffordable for many.
From my business plan that I had written, the expectations for Europe alone would have yielded more than €1,000,000,000,000 profit per percent market share per year.
I realised that this was not/is not important to me because I do not want to live excessively myself, because I have a great dislike for people who abuse their wealth.
This is how I came into indirect contact with Swissindo, where I received a commitment that the money for building the prototype would get if the funds became available.
In 2012, the CABAL thought they could use Swissindo's gold to help finance the NWO government.
On 884 banks around the world see link: https://docplayer.net/14744260-Infinite-bank-statements-top-secret-with-amendments.html
At all these banks accounts have been opened where the wealth of the gold of Indonesia is divided in money over 209 countries.
This is for the Netherlands over 6 banks an amount of 6 times the national debt of America, so over € 120.000.000.000.000.000 for the Netherlands, where one can imagine which monies other countries will receive, when you consider that the assets that are going to be covered by Swissindo € 127.000.000 per earth inhabitant is on average reserved.
The UN has tried here to impose a world government, by first destroying many countries with the help of Soros and the EU, they are all Deep State Puppets.
Donald J Trump has put an end to this and has let the US incorporation go bankrupt, whereby the US federation has nothing to do with the debts of the US incorporation, and the US again exists sovereign 50 states.
As a result, the US will no longer participate in the unelected corrupt UN, which will also change in its current composition, and will be moved to Laos, where the legitimate president will be in charge of an honest UN see link: http://swissindo.news/why-the-un-has-no-president-why-swissindo-exists-the-millennial-edition/
More info over Swissindo: https://thegoodlylawfulsociety.org/un-swissindo-news/
Since I had received the pledge for my funding from the Swissindo fund I had to wait, so to bridge this time I contacted other people and foundations.
We started exchanging information in order to combine our solutions and where we can apply our inventions in order to be able to give a quick and positive interpretation as effectively as possible.
That's how I came up with people from the team who were already starting to grow on the idea of designing preventive health parks, where we combine talent to make this possible.
This was in line with my idea to provide jobs, and income for people to lift them out of poverty, because the government deliberately pushes us into poverty and steals us from our labour fruits.
Because the number of plans and solutions is growing, with a lot of jobs, but also solutions to restore the environment, the plans have also increased.
That is why I came up with the idea, to www.freelife.world to use this as a project portal to submit their plans and thus contribute to more jobs and a better environment.
My contact with Swissindo suggested that I could fund my own network, as it was growing very fast.
For example, I symbolically received a ZIM note, in case the RV was faster when Swissindo's funds were released.
By following the GCR/RV where only the revaluation of currencies, and especially the ZIM is the main point of attention, with all the rumors about the progress, people cradle themselves on that other funds have as Manna Trust, and St Germain, so for me known 4 funds that become available. : https://landofeden.org/category/manna-world-holding-trust/
I have the assumption that these will all be brought into the new BRICS, QFS system where the Swissindo fund seems to be the smallest fund.
The World Bank has been financed by Swissindo since 2012 to give them the opportunity to implement the transition to a new money system, which they clearly did not do to not want to relinquish the Deep State power themselves.
The Alliance that wants to destroy the Deep State had chosen Donald J Trump for his independence, and his mentality as a go-getter who had the intellectual capacity and has the ability to implement the plan.
Everybody's desire, in combination with waiting and different insights, make that division arises, and people think in their absolute right, which results unnecessarily in collaborations being put under pressure, which is totally unnecessary for my experience.
We should not want to dominate, dictate but facilitate each other to make a respectful cooperation possible, someone who does not get the money to do so should do nothing instead of stir up mutual dissatisfaction.
Which fund will be released first, the rest will follow and not be left behind, because the funds only support the QFS, which means that it doesn't matter if you have put your bet on the ZIM, Manna Trust, Swissindo or any other fund.
Our strength should be in connecting and sharing with each other, if we have objectives that are contradictory to our individual actions we don't set a good example.
I have said that governments also have large sums of money to use to make the transition run smoothly, but they have a double agenda, and they do not want to lose power over the population if this population becomes income independent of government.
What governments do not fully realise is that they no longer have a monopoly on the money supply and are as vulnerable and dependent as the population has been before.
They also do not seem to realize that people who will now also receive funds, in the absence of a fair distribution of the government, will take over this role, and in doing so will claim the funds from the government.
A government without money is a lame duck that can't do anything anymore.
Regardless of whether a hard or soft Brexit, the EU is dead, because they will not get any funds from the former Bilderberg governments.
Even if all the countries of Europe introduce their own currency again, the corrupt EU will be over.
If everyone receives a basic income in their own country of birth from themselves or their parents' country of birth, the deliberate cultural mixing will decrease and the Kalergi plan will stop to secure peace.
Those who do not want to leave may be motivated by withholding and basic income to go back if they cannot adapt to the culture and customs of their host country.
In order to bring the amount of money into society in a responsible way, it is not the intention that everyone will get millions into their bank account.
This would be a chaos because nobody would want to work anymore and we would no longer produce food for each other.
Money is the means, not the end as it has been so far.
Shares of companies is complete nonsense and does not contribute to prosperity, but stimulates greed, stock exchanges work for the rich, because they do not have to pay anything to trade shares, they cheat because their computer purchases and sells them.
As a result, small investors are systematically robbed in the Wall Street fraud casino, the average time that shares are held by a person or institution is 22 Seconds, which indicates that nothing is right.
Bitcoin bought with FIAT money is therefore only a speculation object without value covered guarantee, people are fooling themselves.
Block change technique against it, has the advantage of banking secrecy, no more central banks, no more money laundering of criminally obtained money, by being able to track all transactions.
Then it is no wonder that Governments are not so happy with the new QFS supported money system that prevents them from carrying out further criminal acts themselves.
All governmental activities of environmental crimes will stop here, including Chemtrails, HAARP, CERN, WHO, stealing water rights from local in national populations.
It is our moral duty to enforce this in a very short time so that the changes are also perceptible, and give people hope for a healthy and happy life.
People who are committed to these ideals are the saviours of the earth and humanity.
False propaganda by the Deep State governments stop automatically when the MSM has no money left or sees its accounts expropriated by false propaganda imposed by Bilderberg governments by the CABAL.
Source: Operation Disclosure
| Ariana Grande Rewrites Her Own Happy Ending On Powerhouse 'Thank U, Next' Cache Translate Page |
Girl meets boy ― perhaps at a taping of a certain late-night sketch comedy show ― and the two fall in love. They ride off together into a millennial pink-tinted sunset leaving behind a trail of partially sucked lollipops, oversized sweatshirts and broken hearts. Roll the credits, yuh.
When we last heard from Ariana Grande on the vibe-heavy “Sweetener,” she was well on her way to her own happily ever after, having bounced back emotionally and sonically from the 2017 bombing at her Manchester concert by embracing a world turned upside down. The pint-sized pop star, however, was in for a few more turns on life’s spin cycle (speed: unrelenting), as she ended her much-publicized engagement to “Saturday Night Live” star Pete Davidson weeks after ex-boyfriend and rapper Mac Miller died of a fatal overdose.
The arrival of her fifth studio album “thank u, next” on Friday, which dropped a mere six months after “Sweetener,” finds Grande in a spot likely she nor her fans could’ve anticipated: liberated from both romantic and musical attachments.
Journeying through the 12-track LP is the pop music equivalent of watching your favorite rom-com heroine self-actualize in real time. Here, Grande is reveling in a newfound independence not typically afforded to the Katherine Heigels, Kate Hudsons and the genre’s other cinematic queens, whom the singer inhabits in the titular track’s record-smashing music video, and the album is all the better for it.
If “Sweetener,” as Grande has described, was a “dreamier” and “mature” experiment away from the expected bangers, its followup more deftly sticks the landing. “Thank u, next” successfully reconciles her pop music roots with her more recent and ― depending on who you ask ― controversial R&B leanings. Stans can argue which entry is better, but the two albums are actually in conversation with each other, echoing questions and answers big and small about love, sex, loss and material wealth.
The opening track “Imagine,” which hews closer to her previous album in sound and substance, serves as a bridge between the two works, in which Grande puts forth a vision of a love story as beautiful as it is unattainable.
Once that image of a forever-kind of love is shattered ― many have inferred that “Imagine” is inspired by Miller ― the real work begins. She places her own behavior under the microscope on “needy” and “NASA,” renouncing the tired idea that the singer’s well-known exes are the villains of her story. Grande isn’t afraid to implicate herself while unpacking why past relationships have failed.
“I admit that I’m a lil’ messed up / But I can hide it when I’m all dressed up,” she sings on the second track. “I’m obsessive and I love too hard / Good at overthinking with my heart.”
If “Sweetener” suffered from the dueling creative visions of producers Pharrell and Max Martin, Grande seamlessly tone-switches here, jumping from introspective bops to turn-up anthems. As pop-rock foremother Liz Phair once sang, “the best part of breaking up is finding someone else you can’t get enough of,” and Grande isn’t afraid to press pause on the heavy emotions and have a little fun as a newly single woman along the way.
Dance-floor-primed songs like “bloodline,” “bad idea” and “break up with your girlfriend, i’m bored” show off the singer’s sexier side and are sure to quiet fans who’ve yearned for the breezy, belt-laden bops of past eras. Grande, who’s pledged to remain boyfriend-less for the time being, makes her intentions clear regarding her romantic future (“Ain’t lookin’ for my one true love / Yeah, that ship sailed away”), as she boasts about the pleasures of short-lived flings.
And yet, even the most frivolous tracks are underpinned by whispers of grief, which come to a crescendo in late-in-album entries “ghostin” and “in my head.” Grande might’ve brazenly named her exes on previous tracks, but she doesn’t delve into the specifics here. Anyone familiar with her romantic history, however, will assume “ghostin” explores how Miller’s death heavily factored into her breakup with Davidson. Produced by Martin, Victoria Monét & ILYA, the gorgeous, synth-heavy ballad is easily an album standout due to how it so accurately captures the messy parts of mourning a loved one. Grande applauds her partner’s strength, but she can’t keep her unfinished business with a late lover from bubbling to the surface.
“I know that it breaks your heart when I cry again over him,” she croons.
And herein lies Grande’s essential appeal for those still confused by her admittedly at times overenthusiastic fanbase. Putting her undisputed vocal talents aside, the singer has rendered herself perhaps the most relatable figure in popular culture for being unabashedly herself in good times and bad. While other artists might be more cryptic about their inner turmoil, Grande has consistently laid herself bare ― be it her feelings about a Grammys performance or battle with anxiety ― inviting her fans on the journey every step of the way.
The album’s very existence is a testament to this no BS kind of messaging. It’s practically unheard of for a pop star of Grande’s stature to rebuke the standards of a typical album release and deliver “thank u, next” in this truncated timeframe. And why would an artist whose fan base has been fed and then some put out another record so quickly? To continue the conversation. “I just want to fucking talk to my fans and sing and write music and drop it the way these boys do,” Grande said in a recent interview. “Why do they get to make records like that and I don’t?’ So I do and I did and I am, and I will continue to.”
Her latest effort is a declaration of independence of the highest order, signaling to her fans and the industry that she is force to be respected.
At just 25 years old, Grande has endured some real-life shit. By weaving these struggles into a tapestry of resilience in all its forms, she’s made an indelible imprint on what it means to be an artist today. She is brave. She is a work in progress. She is still here. Nothing can tear her down even when she feels torn down.
Grande might prefer to say “thank, u next,” but we’ll just keep it at thank you.
| 2019 SkS Weekly Climate Change & Global Warming News Roundup #5 Cache Translate Page |
A chronological listing of news articles posted on the Skeptical Science Facebook Page during the past week, i.e., Sun, Feb 3 through Sat, Feb 10, 2019
Seven take-aways from the Green New Deal launch
Sweeping in scope, an agenda to transform the US into a green leader has been launched in Washington DC, here are the key points
Congresswoman Alexandria Ocasio-Cortez and senator Ed Markey present their Green New Deal resolution to reporters on Thursday (Photo: 350.org)
On Thursday, congresswoman Alexandria Ocasio-Cortez and senator Ed Markey presented an outline of a sweeping federal programme aiming at decarbonising the US economy.
The text makes for the most earnest attempt yet to define a concept that has been backed by many a Democratic presidential candidate, often with little detail.
The agenda would touch every aspect of the US economy and calls for carbon emissions and inequality to be tackled as one.
“Today is the day we truly embark on a comprehensive agenda of economic, social and racial justice in the United States of America,” Ocasio-Cortez said in a press conference launching the resolution.
There are many legislative hurdles for the deal to leap if it is ever to become US policy – not least the Republican-controlled senate and White House.
The plan was the beginning of a phase of “political education”, said Markey, that would eventually lead to the adoption of the package. The pair said the document had attracted 60 Democrats as cosponsors, from across the party.
Seven take-aways from the Green New Deal launch by Natalie Sauer, Climate Home News, July 2, 2019
Links posted on Facebook
Sun Feb 3, 2019
- Queensland floods: Townsville reels under record water levels as more rain arrives by Luke Henriques-Gomes, Guardian, Feb 1, 2019
- Huge cavity in Antarctic glacier signals rapid decay by Carol Rasmussen, NASA's Vital Signs of the Planet, Jan 30, 2019
- Are We Headed Toward the Worst-Case Climate Change Scenario? by Kate Wheeling, Pacific Standard, Jan 25, 2019
- ‘The devastation of human life is in view’: what a burning world tells us about climate change, Edited extract from "The Uninhabitable Earth: A Story Of The Future" by David Wallace-Wells, Environment, Guardian, Feb 2, 2019
- Why Can’t Rich People Save Winter?, Opinion by Porter Fox, Sunday Review, New York Times, Feb 2, 2019
- Using the big freeze to deny climate change... stupidity or cynicism?, Opinion by Michael Mann, Comment is Free, Observer/Guardian, Feb 2, 2019
- Risk of sea level rise ‘hasn’t hit home’ for coastal R.I. property owners, experts say by Alex Kuffner, Providence Journal, Feb 2, 2019
- Australia Just Had Its Hottest January Ever Recorded by Lorraine Chow, EcoWatch, Feb 1, 2019
Mon Feb 4, 2019
- Silent majority' of Canadians wants more government action on climate change by Andre Mayer, What on Earth, CBC News, Feb 1, 2019
- Part of eastern Australia hit by once-in-a-century floods, braces for more rain by Will Ziebell, Reuters, Feb 2, 2019
- The Next Financial Crisis Could Be Caused by Climate Change by Geoff Dembicki, Climate Change, Vice, Jan 28, 2019
- Major study uncovers ‘sea change’ in world’s understanding of Atlantic conveyor belt by Daisy Dunne, Carbon Brief, Jan 31, 2019
- David Wallace-Wells on climate: ‘People should be scared – I'm scared’, Interview by Jonathan Watts, Environment, Guardian, Feb 3. 2019
- Government Says Kids Have No Right to Sue Over Climate Change by Karen Savage, Climate Liability News, Feb 4, 2019
- Climate change 2020: can the Democrats make it an election issue? by Emily Holden & David Smith, Guardian, Feb 3, 2019
- Climate change will even change the color of the oceans, study says by Jen Christensen, CNN, Feb 4, 2019
Tue Feb 5, 2019
- Earth’s oceans are routinely breaking heat records by Dana Nuccitelli, Yale Climate Connections, Feb 4, 2019
- Overweight and underwater: obesity and climate change by Matt Field, Bulletin of the Atomic Scientists, Feb 4, 2019
- A terrifying assessment of Himalayan melting by Kunda Dixit, Nepali Times, Feb 4, 2919
- Michigan's New Governor Puts Climate Change at Heart of Government by Dan Gearino, InsideClimate News, Feb 5, 2019
- These governors are showing what happens when you campaign on climate action and win by David Roberts, Energy & Environment, Vox, Feb 5, 2019
- Climate change will be the subtext of the State of the Union. It should be the headline. by Umair Irfan, Energy & Environment, Vox, Feb 5, 2019
- As Trump Spreads 'Division' and 'Denial' in SOTU Address, Sunrise Movement Will Present Plan to Achieve Green New Deal by Jake Johnson, Common Dreams, Feb 5, 2019
- Green New Deal won't call for end to fossil fuels by Zack Colman, Energy & Environment, Politico, Feb 4, 2019
- An Energy Wish List for Congress, Opinion by Justin Gillis & Hal Harvey, New York Times, Feb 5, 2019
Wed Feb 6, 2019
- Governments not keeping pace with climate change impacts: scientist by Tony Moore, Environment, Brisbane Times, Feb 5, 2019
- Analysis: Why the UK’s CO2 emissions have fallen 38% since 1990 by Zeke Hausfather, Carbon Brief, Feb 4, 2019
- Alexandria Ocasio-Cortez's Green New Deal would reshape the economy in 10 years. That could shock the energy sector by Tom DiChristopher, CNBC, Feb 5, 2019
- 5 Science Teams Racing Climate Change as the Ecosystems They Study Disappear by Bob Berwyn, InsideClimate News, Feb 6, 2019
- Youth Climate Strike Coming to U.S. Next Month by Lorraine Chow, EcoWatch, Feb 4, 2019
- 2018 was 4th warmest, but next 5 years could break records by Seth Borenstein, AP News, Feb 6, 2019
- Met Office: global warming could exceed 1.5C within five years by Jonathan Watts, Environment, Guardian, Feb 6, 2019
- States, Organizations, Scientists Urge Court to Keep Climate Suits in State Court by Dana Drugmand, Climate Liability News, Jan 31, 2019
Thu Feb 7, 2019
- Today’s Earth looks a lot like it did 115,000 years ago. All we’re missing is massive sea level rise. by Chris Mooney, Climate & Environment, Washington Post, Feb 6. 2019
- Q&A: Continuous Struggle for the Caribbean to be Heard in Climate Change Discussions by Desmond Brown, Inter Press Service (IPS), Feb 5, 2019
- Wildfires, hurricanes and other extreme weather cost the nation 247 lives, nearly $100 billion in damage during 2018 by Brady Dennis & Chris Mooney, Climate & Environment, Washington Post, Feb 6, 2019
- Studies shed new light on Antarctica’s future contribution to sea level rise by Robert McSweeney, Carbon Brief, Feb 6, 3019
- There’s now an official Green New Deal. Here’s what’s in it. by David Roberts, Energy & Environment, Vox, Feb 7, 2019
- The Energy 202: Ocasio-Cortez, Markey unveil Green New Deal with backing of four presidential candidates by Dino Grandoni, PowerPost, Washington Post, Feb 7, 2019
- The Millennial Era of Climate Politics Has Arrived by Robinson Meyer, Science, The Atlantic, Feb 7, 2019
- As Congress Launches Month of Climate Hearings, GOP Bashes Green New Deal by Nicholas Kusnetz & John H Cushman Jr., InsideClimate News, Feb 6, 2019
- A Huge Climate Change Movement Led By Teenage Girls Is Sweeping Europe. And It’s Coming To The US Next. by J Lester Feder, Zahra Hirji & Pascale Miller, BuzzFeed News, Feb 7, 2019
Fri Feb 8, 2019
- Can Lettuce Survive Climate Change by Maryn McKenna, Wired, Feb 7, 2019
- One of UK's last coal power stations to close due to rising costs by Adam Vaughn, Environment, Guardian, Feb 7, 2018
- Hurricanes are strengthening faster in the Atlantic, and climate change is a big reason why, scientists say by Chris Mooney & Brady Dennis, Climate & Environment, Washington Post, Feb 7, 2019
- To keep the planet flourishing, 30% of Earth needs protection by 2030 by Emma Marris, Environment, National Geographic, Jan 31, 2019
- The Green New Deal Lands in Congress by Marianne Lavelle & John H Cushman Jr, InsideClimate News, Feb 7, 2019
- The fight against global warming: How Brussels became the new frontline by Dafydd ab Iago, The Brussels Times, Feb 7, 2019
- Corsia: The UN’s plan to ‘offset’ growth in aviation emissions after 2020 by Jocelyn Temperley, Carbon Brief, Feb 4, 2019
- America’s trains are a drag. The Green New Deal wants to fix that. by Umair Irfan, Energy & Environment, Vox, Feb 8, 2019
Sat Feb 9, 2019
- Australian Judge Rejects Coal Mine on Climate Grounds by Karen Savage, InsideClimate News, Feb 8, 2019
- Australia on track to meet Paris Agreement targets five years earlier than expected, research finds, by Gary-Jon Lysaght, ABC News (Australia), Feb 7, 2019
- Melting Ice Sheets Could Worsen Extreme Weather by Chelsea Harvey, E& E News/Scientific American, Feb 7, 2019
- The U.S. climate became afflicted by split personality disorder in 2018 by Tom Yulsman, Discover, Feb 8, 2019
- Seven take-aways from the Green New Deal launch by Natalie Sauer, Climate Home News, July 2, 2019
- As the Planet Warms, Who Should Get to Drive? by Laura Bliss, Transportation, City Lab, Feb 8, 2019
- The repression of environmental activists fuels climate change, Opinion by Amelie Canonne & Rubens Born, Reuters, Feb 8, 2019
- New research, January 28 - February 3, 2019 by Ari Jokimäki, Skeptical Science, Feb 8, 2019
| 10 Best Ideas | INFLUENCE | Robert Ciadini | Book Summary Cache Translate Page |
▸ Get this book For FREE with Audible Trail | http://www.audibletrial.com/Refusingt...
How do you Avoid Scams? You master things called “Weapons of influence” — know them, use as powerful tools. Don’t know them, they get used against you. These FREE tools you can use to win people towards your way of thinking. Today we’re going over 10 of those in the book of the month: Influence — They Science of Persuasion. Welcome back refusers to the channel where we help millennial entrepreneurs and future millionaires refuse the 9 to 5, make passive income, and earn their freedom.
What We'll Cover:
SOCIAL PROOF Nothing Draws a crowd… quite like a crowd. Look to others to guide them. would you rather click a add on facebook that NO ONE has liked or one with heart emojis and smily? Even kids delete IG posts if not performing well in first 15 min. Everyone is doing it! Super powerful.
SCARCITY LIMITED time only! Only 3 left in stock. Amazon. When something’s getting taken away we want it more! “Going out of business” or tragic, but when an artist dies and BLOW up bigger than they were!
LIKING We gravitate to people who share similar views, values, or areas like us. (1. Similar 2. Compliments and 3. Mutual Goals) CUT people off in traffic = IN box that distances everyone. No longer human, it’s a car. We’re NOT like them! would you do that in the grocery store? Mimic body language
Reciprocation The NEED to reciprocate — keep mental unconscious tabs on favors. Mints in the restaurant. Tips went up crazy (3%) two mints = go up 14% but when smile and say for you two = 23%. (mint, fortune cookie, a smile on receipt). Monks at airport w/ flowers
START INFLUENCING TODAY
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▸ Free Money Monday Cheat Sheet: https://goo.gl/NkSiZQ
▸ Free 11 Questions to Change Your Life http://refusingtosettle.com
refusing to settle,
| [Upwork] Shopify Developer/Designer for Direct to Consumer Towel Company Cache Translate Page ||From Upwork // Looking for a Shopify Website Developer who has experience developing/designing sites for Direct 2 Consumer brands targeting the millennial market. Most assets have been generated including lifestyle and product photography, Logo, Copy. In addition we have mockups of our homepage and product pages. There are few flow items we need to think through, but otherwise most visuals have been created. We are looking for someone to make what we have, make some tweaks as needed, and work with us to make a great user experience using a pre-existing shopify template. All project files will be uploaded upon approval. Our current landing page is onlydune.com.|
Posted On: February 09, 2019 23:01 UTC
Category: Web, Mobile & Software Dev > Web & Mobile Design
Skills: Shopify, Shopify Templates
Country: United States
click to apply
| ROUNDTABLE :- Opalesque Roundtable Series - ESG & Impact Investing Cache Translate Page ||The emerging consensus is that ESG may have a slight plus when it comes to financial performance. But even assuming it's zero, the integration of ESG externalities is still worth doing. And so, as a consequence, the fundamental question is then actually changing from "Why?" to "Why not?". |
However, apart from any debate, investors globally demand to invest according this new investment paradigm. In the Netherlands, half of ABN AMRO Bank's private clients already invest sustainably, however admittedly in many cases not for their entire investment portfolio. It's really the asset owners who are leading the way to responsible investment, with more and more institutional investors taking ESG seriously as they are starting to feel the pain and recognize the risks of "business as usual". 85% of PGGM's beneficiaries claim they want ESG (less 'bad') and impact (more 'good'), but at what cost is the question that is often left open (however discussed in this Roundtable).
Admittedly, a lot is hidden under container notions like ESG or SRI, and you can easily fake it pretending that you took all of that into account and then you do the usual thing anyway. This is why this Roundtable also discusses in detail the need to quantify and measure impact and how to go about the shortcomings of third party ESG data and scores.
One of the strongest drivers are millennials, who by definition make up the pool where any ambitious company is competing for the best talent. Increasingly, clients and employees want purpose: "If you can&'t deliver that in the talent war, you&'re out of the game," says PGGM's CEO.
The reality is that for asset managers and advisors, ESG/Impact/Sustainable investing is a fantastic opportunity to differentiate yourself and to start again with new products, in an industry that is completely mature and increasingly becoming automated. It&'s an opportunity to reinvent the whole industry at a perfect timing, as the opportunity set keeps unfolding.
"Clients want this, that's not the problem. The challenge is finding asset managers truly investing in a sustainable way," says ABN AMRO Bank. Financial advisors have found that they can completely transform their relationship with clients by engaging with them on ESG and impact investments (page 24).
The inaugural Opalesque ESG & Impact Investing Roundtable, sponsored by ABN AMRO Clearing, took place in Amsterdam with:
The group also discussed:
- Marisol Hernandez, Senior Manager, Alternative Investments, Principles for Responsible Investment (UN PRI)
- Piet Klop, Senior Advisor Responsible Investment, PGGM Investments
- Vincent Triesschijn, Director Sustainable Investment, ABN AMRO Bank
- Delphine Amzallag, Global Director Prime, ABN AMRO Clearing
- Christian Speckhardt, Sustainable and Impact Investment Expert, simpAct Consulting
- Andrea Marmolejo, Managing Partner, Blue Topaz Capital
- Why ESG integration and impact investments are different things (page 4, 10-12, 15). ESG for real alpha generation (page 25-27)
- Is there still pushback or skepticism, and what to do about it? Why sustainable investing will be the new normal. Misconceptions abound (page 6-9, 12-13). ESG educational initiatives (page 28-30)
- Is ESG integration strategy contingent? Pre and post investment activities. Why good ESG practices at the corporate level enhances share performance (page 6-9)
- ESG data: Issues and solutions. Why artificial intelligence and forward-looking scenarios with proxy indicators are the next big thing in ESG integration (page 7, 19, 26-27)
- Why ideally all companies should quickly convert to ESG-ready (page 27)
- Principles and recommendations from PRI's Fiduciary Duty in the 21st Century report (page 10). What's the difference between ESG scores/ratings and credit ratings? (page 28)
- The Impact issue & capacity: Why for PGGM "doing the right thing is discretionary in nature, a choice and a secondary objective", yet still commits to invest EUR 20bn until 2020. The capacity challenge & why impact investments can grow from incubation to mainstream finance (page 12-16).
- How much of an impact do your investments really achieve? Measuring impact (page 16-17). The ESG robo-advisor and other innovations (page 25)
- How to build an impact investment portfolio (page 17-18). What could be a tipping point for impact? Why is Blockchain a game changer? (page 18-19, 22-23)