-
Christopher Goolgasian
, CFA, CPA, CAIA
- Director of Climate Research
Wellington Global Homepage
ChangeOur Climate Research Team studies the investment risks and opportunities of climate change. They also engage with companies and issuers that they believe contribute to a lower-carbon future, can help the world adapt to changing climate, or are well positioned to manage climate-related risks.
Our research-based approach
Climate-science collaborations
Ongoing work with two leading research institutions, Woodwell Climate Research Center and the MIT Joint Program on the Science and Policy of Global Change, helps us better understand and communicate physical climate and climate-transition risks.
Climate mapping tool
Working with Woodwell Climate, our Climate Research Team developed our Climate Exposure Risk Application (CERA), which Wellington investment teams can opt to use to view the geospatial relationships between physical climate risks and securities worldwide.
Climate research tools and technology
Our investment teams have access to several data-driven analytics tools, including our Carbon Emissions Dashboard, Net Zero Portfolio View, and Transition Alignment Rating. Our Climate Research Team also offers climate portfolio reviews to all our investment teams to help them assess and enhance climate readiness.
Biodiversity investment research
Given widespread economic dependence on ecosystem services, investors can benefit from a better understanding of the financial risks associated with biodiversity loss and the depletion of natural capital.
Net Zero Asset Managers initiative (NZAM)
As consistent with their philosophy and process, our research and investment teams partner with asset owners on their decarbonization goals, in recognition of the potential impact of the low-carbon transition on security valuations.
We also acknowledge that the scope for asset managers to invest for net zero and to meet the commitments set forth above depends on the mandates agreed with clients and clients’ and managers’ regulatory environments. These commitments are made in the expectation that governments will follow through on their own commitments to ensure that the objectives of the Paris Agreement are met, including increasing the ambition of their Nationally Determined Contributions, and in the context of our legal duties to clients and unless otherwise prohibited by applicable law.
Meet our climate investing experts
-
Alan Hsu
- Portfolio Manager
-
Julie Delongchamp
, CFA
- Climate Transition Risk Analyst
- <p>2022 Climate Report </p>
Insights
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Insights Posts
Climate mapping in action: Investment case studies
We describe our Climate Exposure Risk Application (CERA), which can help our investment teams visualize and quantify physical climate risks.
Article
2024-11-30
Private investing portfolio company interview with AMP Robotics CEO
Dr. Matanya Horowitz, CEO of AMP Robotics, highlights how the company integrates AI and robotics into the recycling industry and explores the “actionable guidance” Wellington provides on ESG and other strategic issues.
Video
2024-10-31
Why climate change matters in private markets
We explore why climate change matters in private markets, highlight the current regulatory landscape, and profile key questions to expect from public market investors.
Continue reading
Article
2024-10-31
Why sustainable food systems matter to investors
Our climate research expert explores insights from our joint work with Woodwell Climate Research Center on the pivotal relationship between food systems and biodiversity and highlights potential investment opportunities.
Article
2024-09-30
When extreme weather becomes the norm: what’s next for climate investors?
Climate investors can play a crucial role in accelerating mitigation and adaptation solutions. But finding investable opportunities requires a deep understanding of the climate investing landscape.
Article
2024-09-30
WellSaid: The economic significance of biodiversity
In this short clip from his WellSaid podcast interview, Dr. Zach Zobel of Woodwell Climate Research Center discusses the economic importance of coral reefs — lynchpins of marine biodiversity and vital to fishing, tourism, and other industries.
Video
2024-08-31
2022 Climate Report
Aligned with TCFD recommendations, this report describes how we manage climate-related risks and opportunities, engage with companies on climate change, and reduce our own carbon footprint.
Continue reading
Report
2024-06-30
Financial materiality: The cornerstone of the ISSB’s global baseline for sustainability disclosure
The new standards may help provide market participants with data necessary to price sustainability-related risks and opportunities, which can feed directly into the assessment of enterprise value.
Quick Take
2024-06-30
Is your asset allocation ready for the realities of climate change?
Our Investment Strategy Team shares key findings from the research behind their climate-aware strategic asset allocation (SAA) approach, including challenges and trade-offs that asset owners should understand.
Quick Take
2025-06-30
Climate resiliency factor: Helping asset owners go “long” climate change
We aim to offer asset owners an intuitive way to integrate climate risks into their portfolios and shift their expected return profile for better potential outcomes.
Article
2024-05-31
Will emerging Asia leapfrog the energy transition?
Decarbonizing while maintaining economic growth presents tremendous challenges for developing countries in Asia. Is technological innovation the solution?
Article
2024-05-31
URL References
Related Insights
FAQS: Climate investing
In our view, climate change has the potential to significantly impact economic and financial-market outcomes, inclusive of asset prices and valuations. Companies and issuers that are unable to respond to shifting policy and regulation aimed at mitigating the effects of climate change, or that fail to adapt and build resilience to physical climate risks, may see their costs of capital rise and long-term value fall. Conversely, we believe companies and issuers that are helping the world mitigate and adapt to climate change may offer attractive investment opportunities.
Since September 2018, our Climate Research Team has been collaborating with Woodwell Climate Research Center, a leading independent climate-research institute. Working with the climate scientists, our Climate Research Team studies the physical effects of climate change on capital markets and asset prices, integrating those findings into our investment processes, where relevant to our clients’ objectives and the portfolio manager’s philosophy and process.
In January 2022, Wellington and the MIT Joint Program announced a new climate-change research collaboration. The alliance has not only bolstered the research we had been doing on the transition to a low-carbon economy, but also enhanced our understanding of the expected financial impacts of various transition pathways on industries and economies and deepened our decarbonization engagement practices.
We aim to study the investment risks and opportunities presented by climate change. With Woodwell Climate, we aim to bridge the gap between physical climate science and capital markets; understand which companies and regions face environmental and biodiversity risks; and improve our ability to quantify liabilities and appropriately price securities. With the MIT Joint Program, we seek to outline decarbonization pathways for corporate operations, supply chains, and products, while also assessing their potential economic impacts.
We leverage proprietary, data-driven tools and technology, including our Climate Exposure Risk Application tool (CERA), software that Wellington investors can use to view the geospatial relationships between physical climate-risk variables and the assets we consider investing in on behalf of clients. This work facilitates our ability to integrate climate science into fundamental investment insights; to better analyze and question those insights; and to draw practical, action-oriented conclusions. The Climate Research Team also conducts portfolio reviews and develops investor dashboards to facilitate company- and portfolio-level monitoring. The team also supports collaborative climate research at the firm.
Explore other sustainable and ESG investing opportunities
Socially and environmentally positive themes underpinned by structural economic drivers are central to the investment philosophy in pursuit of value creation and/or risk management.
Seeks to invest in issuers whose core products, services, or projects provide environmental and/or social solutions in a differentiated way, with the goal of driving measurable positive impact alongside financial returns
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