Reto Ringger on Converting the Banking Industry to Focus on Impact and Sustainability

Summary

In this engaging episode, Dian interviews R. Ringer, co-founder of Glow Balance Bank, discussing his journey from finance to sustainable investing. Ringer shares insights from his early experiences at the Swiss stock exchange and his role in founding Sustainable Asset Management, emphasizing the importance of patience and data in promoting sustainability. He highlights the innovative approach of Glow Balance Bank in educating private investors on the impact of their investments and adapting to a more conscious market. Ringer expresses optimism about the future of sustainable finance, underscoring the need for a positive outlook and proactive engagement in addressing global challenges.

Takeaways

• 😀 R. Ringer's early passion for nature shaped his career in sustainable finance.
• 🌍 In 1995, Ringer founded Sustainable Asset Management to promote sustainable investments among institutional investors.
• 📊 He collaborated with Dow Jones to create the first sustainability index, helping to legitimize sustainable investments in the market.
• 🤝 Ringer faced challenges in shifting corporate mindsets due to skepticism and a lack of data on sustainability.
• 🔍 He predicts it may take another decade to fully address sustainability challenges as economic systems evolve.
• 🏦 In 2011, Ringer founded Glow Balance Bank, focusing on private investors and families to accelerate sustainable finance.
• 📈 Private investors can drive faster change compared to institutional investors, as they directly manage their investments.
• 💡 Glow Balance Bank emphasizes client education on the sustainability impacts of investments, using technology to simplify complex data.
• 🤖 Ringer is optimistic about technology's role in facilitating sustainable finance and fostering innovation.
• 🌐 He advocates for collaborative efforts to tackle global sustainability challenges through interdisciplinary solutions.

Q & A

What motivated R. Ringer to merge finance with sustainability?

R. Ringer's early passion for nature inspired him to integrate finance with sustainability, aiming to promote responsible investment practices.

What challenges did Ringer face when promoting sustainable investing in the 1990s?

Ringer encountered difficulties in convincing major corporations to adopt sustainable practices, as many were not yet aware of the importance of sustainability in finance.

What was the significance of the first sustainability index created by Ringer?

The first sustainability index, created in collaboration with Dow Jones, was pivotal in raising awareness and credibility in sustainable finance, helping to legitimize the sector.

How does Ringer describe the difference between institutional and private investors?

Ringer notes that individual investors tend to be more agile and decisive compared to larger institutional investors, which often face bureaucratic challenges.

Why does Ringer believe the shift in wealth toward women and younger generations is important?

Ringer believes this demographic shift presents a greater opportunity for impactful change in the investment landscape, as these groups are more inclined toward sustainable practices.

What role does technology play in Glow Balance Bank's approach?

Technology is utilized to simplify complex sustainability topics, making it easier for clients to understand the environmental and social impacts of their investment decisions.

What is Ringer's outlook on the future of sustainable investing?

Ringer is optimistic about the potential for positive change in the banking sector and humanity, emphasizing the importance of innovative thinking and ethical considerations.

How does Ringer suggest balancing realism and optimism in sustainability efforts?

He advocates for a balanced perspective that combines realistic assessments of challenges with a hopeful outlook to drive meaningful progress for society.

What call to action does Ringer express at the end of the interview?

Ringer encourages continued collaboration toward a sustainable and equitable future, reflecting his commitment to impactful change in finance.

What does Ringer identify as crucial for educating clients about their investments?

Ringer highlights the necessity of educating clients on the environmental and social implications of their portfolios to empower informed investment decisions.