The Evolution of Fiduciary Duty in the 21st Century | Caroline Flammer

What role should investors play in addressing systemic risks like climate change, inequality, and biodiversity loss? In this episode of the Future of Finance podcast, we speak with Caroline Flammer, Director of the Sustainable Investing Research Initiative (SIRI) at Columbia University, about system-level investing, fiduciary duty, and the limits of modern portfolio theory. What we cover: Why systemic risks should be treated as endogenous, not exogenous The evolving interpretation of fiduciary duty How government inaction shifts responsibility to investors The role of blended finance in emerging markets Why risk perception may be limiting capital flows 🎧 Available on YouTube and all major podcast platforms: https://pod.link/1793610181 Links to resources Caroline mentioned: Scaling Sustainable Investing in Emerging and Developing Economies: Frictions and Opportunities: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=6088507 The Moskowitz Prize paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4770779 SIRI’s Blended Finance program: https://siri.sipa.columbia.edu/content/blended-finance SIRI’s Pathways to Consensus program: https://siri.sipa.columbia.edu/content/pathways-consensus #systemlevelinvesting #sustainableinvestingresearch #blendedfinance #emergingmarkets #columbiauniversity #impactinvesting #finance #climaterisk #endogenous #futureoffinance #futureoffinancepodcast