In a recent fireside chat hosted by Giovanni Amodeo, Bertrand Badre, Managing Partner & Founder of Blue Like An Orange Sustainable Capital, shared his extensive experience and insights on the role of a responsible manager in today’s complex financial landscape.

Key Topics Discussed:

Complexity in Finance and Sustainability: Bertrand emphasized the inherent complexity in finance and sustainability, arguing against oversimplification. He highlighted the need for a nuanced understanding of multiple variables and KPIs, rather than relying on single metrics.

Technological Tools and Data Management: The discussion touched on the role of technology in managing complex data. Bertrand acknowledged the challenges posed by extensive reporting requirements, such as those from the latest European directives, and the potential of technological tools to aid in this process.

Impact Measurement and Reporting Standards: Bertrand discussed the importance of standardized measurement and reporting for sustainability metrics. He stressed the need for global consensus on indicators like CO2 emissions, biodiversity, and gender equality, and the gradual process of integrating these into accounting standards.

The Role of Private Equity in Sustainability: The conversation explored the evolving role of private equity firms in sustainability. Bertrand noted the emergence of ESG champions within firms and the need for systemic changes to embed sustainability into core business practices.

Challenges and Opportunities in Impact Investing: Reflecting on his journey in impact investing, Bertrand described the sector as the “Wild West” and emphasized the importance of making investment decisions in good faith. He encouraged aspiring impact investors to remain true to their principles and navigate the grey areas with integrity.

Conclusion: The fireside chat concluded with Bertrand’s advice for those looking to start their own sustainable funds. He highlighted the importance of building a track record in sustainability and making decisions based on well-defined frameworks and good faith.

Background and Career Journey: Bertrand Badre began by outlining his diverse career, which spans roles as an investment banker in major financial hubs like New York, London, and Paris, a civil servant in the French Ministry of Finance, and the Group Chief Financial Officer of global banks during the financial crisis. He also served as Managing Director of the World Bank Group before founding Blue Like An Orange Sustainable Capital, focusing on impactful investments in emerging economies.

Key timestamps:

00:08 Introduction to the Fireside Chat
01:48 Defining a Responsible Manager
03:52 The Evolution of Responsible Finance
05:47 Challenges in Merging Finance and Sustainability
07:51 The Value of Impact in Finance
09:44 The Importance of Sustainability in Business
12:33 Regulation and Market Forces in Sustainability
14:53 Leadership in the Transition to Sustainability
16:06 The Reality of Transformation vs. Transition
18:04 The Dynamics of Investment Strategies
19:22 Global Goals and Local Actions
21:03 Navigating Complexity in Sustainability Metrics
24:11 The Future of ESG in Private Equity
26:25 Starting a Sustainable Investment Firm