Sustainability in Conversation

Hosted by Morningstar Sustainalytics Podcast

BusinessInterviews guests

Website RSS feed

Episodes

Latest episode

Jun 2026

Language

EN-US

About the show

Join us for a digest of the latest research, analysis and insights on the relationships between environmental, social and corporate governance issues and global business, finance and society. In each episode, hear from experts sharing their insights on how institutional investors can identify and mitigate risks related to ESG or climate factors, but also leverage opportunities in sustainable investment and debt capital markets. This is Sustainability in Conversation.

Listen to episodes

60 recent

June 10, 2026Episode 7728 min

Testing Markets and Building ESG Resilience

Host: Catalina Secreteanu, Managing Director, ESG Solutions, Europe, Morningstar Sustainalytics Melissa Chase, Senior Content Marketing Manager, Morningstar Sustainalytics Guest: Bin Dong, Lead Analyst, ESG Methodology, Morningstar Sustainalytics On the Evolution of Sustainable Investing and Constructing More Resilient Portfolios In this episode of Sustainability in Conversation, we welcome our new co-host, Catalina Secreteanu. Catalina has worked in the sustainable investment space for the past 17 years, holding roles at UKSIF and Sustainalytics in the UK and Australia. During that time, she’s had a front row seat to how the industry has evolved. She shares her thoughts on where the market has been and where it’s going, as well as the challenges and opportunities along the ways. Melissa and Catalina also sat down with Bin Dong, Lead Analyst, ESG Methodology, and author of the report “ESG Resilience in Focus: What the US-EU Divergence Means for Portfolio Performance.” Building on analysis from a previous publication, this report examines how portfolios adjusted for material sustainability factors perform under pressure in US and EU equity markets. Bin shares the most recent findings and explains how investors could leverage the insights for their own approaches. Share Your Feedback Please take a moment to share your thoughts on Sustainability in Conversation. You can email us at podcast@sustainalytics.com or take this short survey. Key Moments 00:00:00 Introduction 00:01:46 A conversation with Catalina Secreteanu on the evolution of sustainable investing 00:14:13 A conversation with Bin Dong about ESG risk and portfolio resilience 00:24:01 Sign off Links to Select Resources Report | ESG Resilience in Focus: What the US-EU Divergence Means for Portfolio Performance Webinar | ESG Resilience in Focus: How Markets Price Risks and What It Means for Portfolios Report | ESG Risk Ratings: A Protective Instrument Amid Economic Shocks

December 18, 2025Episode 7624 min

ESG in Conversation: 2025 Proxy Season Review

Episode Summary Host: Melissa Chase, Senior Content Marketing Manager, Morningstar Sustainalytics Lindsey Stewart, CFA, Director, Institutional Investor Content Guests: Angela Flaemrich, Director, Stewardship Matteo Felleca, Analyst, Stewardship Ignacio Garcia Giner, Senior Analyst, Stewardship Bonus Episode: 20-25 Proxy Season Review In this episode, recorded earlier this year, Lindsey sat down with Angela Flaemrich, Matteo Falleca and Ignacio Garcia Giner from Morningstar Sustainalytics’ ESG Proxy Voting Overlay team to discuss their insights from the most recent proxy season. Insights from the discussion include: The decline in the number of sustainability-focused resolutions Changes to the regulatory landscape Increasing support for resolutions related to shareholder rights Lower support for proposals related to climate and DEI issues Key Moments 00:00:04 Introduction. 00:02:12 Highlights of the sustainability-related proposals from 2025 proxy season. 00:04:55 Insights on support levels for sustainability-related proposals. 00:08:31 Insights on the changing topic mix in the 2025 proxy season. 00:11:12 Overview of climate proposal trends. 00:14:52 Overview of social proposal trends. 00:19:04 Thoughts on the 2026 proxy season. Links to Selected Resources Can Big Tech Keep Its Climate Commitments as Data Centers Scale? Investor Views on AI Oversight Voice of the Asset Owner Survey 2025 Qualitative Insights Voice of the Asset Owner Survey 2025 Quantitative Analysis

April 29, 2025Episode 7537 min

ESG in Conversation: Financing the Future

Episode Summary Host: Melissa Chase, Senior Content Marketing Manager, Morningstar Sustainalytics Lindsey Stewart, CFA, Director of Investment Stewardship Research, Morningstar Sustainalytics Guests: Ruthann Bartello, Senior Director, Global Lead, Stewardship Kevin Ranney, Senior Director, Sustainable Fixed Income Research Allocating Funds to Support a Sustainable Future In this episode of ESG in Conversation, Melissa and Lindsey chat about the continued volatility in the sustainable investing market, as well as luxury brands’ focus on ESG and sustainable supply chains. To kick things off, Melissa interviews Kevin Ranney, Senior Director, Sustainable Fixed Income Research. He talks about the evolution of the sustainable fixed income market and shares insights on the latest enhancements to Morningstar Sustainalytics’ second-party opinion assessment framework. Later, Lindsey sits down with Ruthann Bartello, Senior Director, Global Lead, Stewardship, where they discuss Sustainalytics’ involvement in the Pact for the Future and the importance of bringing the investor voice to the conversation about funding the UN Sustainable Development Goals. Share Your Feedback Please take a moment to share your thoughts on ESG in Conversation. You can email us at podcast@sustainalytics.com. Key Moments 00:00:24 Introduction 00:06:25 Interview with Kevin Ranney on the evolution of sustainable fixed income investing and Morningstar Sustainalytics second-party opinion framework. 00:24:44 Interview with Ruthann Bartello about efforts to allocate more funding to the Sustainable Development Goals. 00:36:24 Closing remarks Links to Select Resources Sustainalytics Insight: Second Party Opinions a Primary Focus Webinar | Enhanced Assessment Framework for Use of Proceeds Second-Party Opinions Listen to more episodes here.

March 27, 2025Episode 7438 min

ESG in Conversation: Shining a Light on Shareholder Rights

Episode Summary Host: Melissa Chase, Senior Content Marketing Manager, Morningstar Sustainalytics Lindsey Stewart, CFA, Director of Investment Stewardship Research, Morningstar Sustainalytics Guests: Hortense Bioy, CFA, Head of Sustainable Investing Research Jackie Cook, Senior Director, Stewardship Trends in Sustainable Investing and ESG-Focused Proxy Voting Activities ESG In Conversation welcomes Lindsey Stewart as the new co-host for the podcast. He and Melissa chat about current developments in the sustainable investment space and the uncertainties investors and companies face. This month’s episode includes three compelling interviews with some of Sustainalytics’ experts, including Lindsey. Tune in to hear perspectives on sustainable investing trends and the continuously changing regulatory landscape. The discussions also cover recent research examining patterns in investors’ proxy voting activities, how companies’ share structures can influence vote outcomes and how that plays out for certain ballot items like say on pay. Share Your Feedback Please take a moment to share your thoughts on ESG in Conversation. You can email us at podcast@sustainalytics.com. Key Moments 00:00:26 Introduction 00:03:32 Interview with Hortense Bioy on sustainable investing trends, regulatory changes and the impact on the investment funds landscape. 00:14:29 Interview with Jackie Cook covering recent research on the impact of dual class share structures on sustainability-focused shareholder resolutions. 00:28:42 Interview with Lindsey Stewart on the widening gap between European and US investors environmentally and socially focused shareholder resolutions. 00:36:24 Closing remarks Links to Select Resources Six Sustainable Investing Trends to Watch in 2025 Report Shareholder Democracy and the Challenge of Dual Class Share Structures Say on Pay: CEO Compensation and the Long Tail of Shareholder Dissent Voting on ESG: A Gap Becomes a Gulf Ad: To learn more about the Morningstar Sustainable Investing Summit and to register visit https://www.morningstar.com/business/events/morningstar-sustainable-investing-summit

January 30, 2025Episode 7333 min

ESG in Conversation: A Look Ahead at 2025 and Beyond

Episode Summary Host: Melissa Chase, Senior Content Marketing Manager, Morningstar Sustainalytics Guest: Thomas Kuh, Head of ESG Strategy, Morningstar Indexes Barbara Lambotte, Head of Sustainable Fixed Income Research Azadeh Sabour, Director of Climate Thought Leadership, North America Anne Schoemaker, Director, ESG Products Catalina Secreteanu, Managing Director, ESG Solutions, Europe Lindsey Stewart, Director of Investment Stewardship Research 2025: A Year of Change in Sustainable Investing It’s the start of a new year, a time when many focus on setting new goals and ambitions. In this episode of ESG in Conversation, we explore the resolutions investors and issuers might make when it comes to ESG, climate transition and regulatory issues. Experts from Morningstar Sustainalytics weigh in and share their predictions on what financial market participants will, or should, focus on in the year ahead. Share Your Feedback Please take a moment to share your thoughts on ESG in Conversation. You can email us at podcast@sustainalytics.com or take this short survey. Key Moments 00:00:00 Introduction 00:00:35 Thomas Kuh discusses asset owners 00:05:43 Catalina Secreteanu discussion ESG risk and opportunities 00:08:35 Anne Schoemaker discusses regulations 00:12:52 Azadeh Sabour discusses climate transition finance 00:21:58 Lindsey Stewart discusses stewardship 00:26:03 Barbara Lambotte discusses sustainable fixed income 00:30:59 Closing remarks Links to Select Resources Morningstar Sustainable Investing Index Solutions Material ESG Issues Resource Center ESG Regulatory Insights Hub Climate Solutions Resource Center Stewardship Services Corporate Solutions – Sustainable Finance and Lending Solutions

November 20, 2024Episode 7222 min

ESG in Conversation: A Look Back at 2024

Episode Summary Host: Melissa Chase, Senior Content Marketing Manager, Morningstar Sustainalytics Guest: Thomas Kuh, Head of ESG Strategy, Morningstar Indexes Arthur Carabia, ESG Research Policy Director at Morningstar Kilian Theil, Associate Director, Intelligent Process Automation, Morningstar Sustainalytics Andrei Hera, former Senior Manager Data Science, Morningstar Sustainalytics Aymen Karoui, Director of Methodology and Product Architecture, Morningstar Sustainalytics 2024: A Year in Conversation This year, ESG in Conversation examined the sustainability and climate issues that were top of mind for asset owners, asset managers, companies and financial market participants globally. Featuring insights from Morningstar Sustainalytics, listeners heard from subject matter experts on ESG, climate and regulatory issues affecting the market. In this episode, we share some key insights from this past season. Check out the full episodes via the links below and subscribe to the show on your favorite podcast app to hear what’s on the horizon in the year to come. Share Your Feedback Please take a moment to share your thoughts on ESG in Conversation. You can email us at podcast@sustainalytics.com. Key Moments 00:00:00 Introduction 00:00:30 Asset owners share their voice 00:02:48 The AI revolution comes to ESG 00:07:00 Climate disclosure rules come to the US 00:10:10 Harmonizing sustainability regulations remains a challenge 00:16:36 Insights on leveraging ESG ratings in portfolio construction 00:19:50 Closing remarks 00:20:49 The last word Links to Select Resources: Featured episodes: Asset Owners Share Their Views on the Changing Investment Landscape The AI Revolution Comes to ESG The SEC’s New Rules on Climate When It Comes to Sustainable Investing, It's A Material World Using ESG Data in Portfolio Construction 2024 Voice of the Asset Owner Survey – Quantitative Analysis

September 25, 2024Episode 7125 min

ESG in Conversation: Using ESG Data in Portfolio Construction

Episode Summary Host: Melissa Chase, Senior Content Marketing Manager, Morningstar Sustainalytics Guest: Aymen Karoui, Director of Methodology and Product Architecture, Morningstar Sustainalytics Data as the Foundation for Successful Portfolios How can ESG ratings help investors identify risk when constructing and maintaining their portfolios? In this episode, we explore the practical answers to this question and more. We also feature research leveraging Sustainalytics’ Low Carbon Transition Ratings and Physical Climate Risk Metrics assessing companies' misalignment with the transition to net zero. We also discussed COP 16, which is focused on biodiversity and the key role of the private sector in addressing biodiversity loss. A recent article using data from our Biodiversity and Natural Capital Stewardship program found that many companies are at the beginning of their journeys. Share Your Feedback Please take a moment to share your thoughts on ESG in Conversation. You can email us at podcast@sustainalytics.com. Key Moments 00:00:00 Introduction 00:01:07 Interview with Aymen Karoui about Morningstar Sustainalytics report series in collaboration with Natixis exploring the ESG Risk Ratings and portfolio risk 00:19:51 Overview of the “Navigating Material Climate Risks in the Global Equities Market” report 00:20:57 Overview of “Mobilizing the Private Sector for COP16: A Critical Juncture for Biodiversity Action” 00:22:29 Highlights of upcoming Morningstar Sustainalytics events Links to Select Resources Report series with Natixis ESG Risk Ratings: A 360° Review ESG Risk Ratings: Distilling for Enhanced Performance and Downside Protection ESG Risk Premium: A Further Look Navigating Material Climate Risks in the Global Equities Markets Mobilizing the Private Sector for COP16: A Critical Juncture for Biodiversity Action Morningstar Sustainable Investing Summit 2024 More episodes

June 21, 2024Episode 7030 min

ESG in Conversation: When It Comes to Sustainable Investing, It's A Material World

Episode Summary Host: Melissa Chase, Senior Content Marketing Manager, Morningstar Sustainalytics Guest: Arthur Carabia, ESG Research Policy Director at Morningstar In Global Financial Markets, ESG Materiality Matters On the heels of the EU parliamentary elections and ahead of pivotal contests in the U.S., the U.K. and elsewhere, ESG in Conversation met with Director of ESG Policy Research, Arthur Carabia to discuss what a change in political agendas and shifting priorities could mean for ESG and sustainability-focused regulations globally. We also explore the topic of ESG materiality and what it means to asset owners globally, and we discuss its foundational role in the enhancements to Morningstar Sustainalytics' ESG Risks Ratings and corporate governance assessment framework. Share Your Feedback Please take a moment to share your thoughts on ESG in Conversation. You can email us at podcast@sustainalytics.com. Key Moments 00:00:00 Introduction 00:01:34 Interview with Arthur Carabia about EU election outcomes and the state of ESG regulatory landscape 00:25:14 Overview of the Voice of the Asset Owner Survey 2024 00:26:34 Updates on Sustainalytics’ corporate governance assessment framework 00:28:14 Introduction to “Fundamentals of ESG Materiality: An Overview for Investors” Links to Select Resources Voice of the Asset Owner Survey 2024: Qualitative Insights On the Materiality of Corporate Governance: Themes, Applications and Best Practices Fundamentals of ESG Materiality: An Overview for Investors Webinar | Single, Double or Dynamic? An Exploration of Materiality in ESG Approaches to Investment More Episodes

May 3, 2024Episode 6918 min

ESG in Conversation: The SEC's New Rule on Climate

Episode Summary Host: Melissa Chase, Senior Content Marketing Manager, Morningstar Sustainalytics Guest: Arthur Carabia, ESG Research Policy Director at Morningstar The SEC’s New Rule Ushers in Climate Transparency and Reporting in the U.S. In late March, the U.S. Securities and Exchange Commission introduced a climate disclosure rule that applies to its 10,000 registrant companies. In this episode of ESG in Conversation, we welcome back Arthur Carabia to shed light on what this new rule means for companies and their investors. He also shares his take on how the rule compares to other sustainability and climate disclosure regulations globally. Sticking to the regulatory theme, you’ll learn about the EU’s regulations on deforestation-free products and why the issue of environmental regulation is so significant across industries according to our ESG Risk Ratings. Finally, we share insight on the troublingly persistent issue of child labor in the cocoa supply chain. Share Your Feedback Please take a moment to share your thoughts on ESG in Conversation. You can email us at podcast@sustainalytics.com or take this short survey. Key Moments 00:00:00 Introduction 00:01:38 Interview with Arthur Carabia about the SEC’s new climate disclosure rule 00:12:53 Overview of the EU Regulation on Deforestation-Free Products 00:14:09 Insights from Morningstar Sustainalytics annual Industry Reports 00:15:13 Details on child labor in global cocoa supply chains Links to Select Resources The SEC’s Climate Disclosure Rule: A Step in the Right Direction EUDR: Navigating the EU Regulation on Deforestation-Free Products The State of ESG Risk Across Industries: Three Key Takeaways From Our Annual Industry Reports Child Labor in Cocoa Supply Chains: Unveiling the Layers of Human Rights Challenges More Episodes

March 18, 2024Episode 6823 min

ESG in Conversation: The AI Revolution Comes to ESG

Episode Summary Host: Melissa Chase, Senior Content Marketing Manager, Morningstar Sustainalytics Guests: Kilian Theil, Associate Director, Intelligent Process Automation, Morningstar Sustainalytics Andrei Hera, Senior Manager Data Science, Morningstar Sustainalytics AI Technology is Reshaping the World of ESG Assessments In recent years the marvels of artificial intelligence have been touted across various sectors. As applications of AI technology proliferate, in this episode of ESG in Conversation we chat about how it’s being used in the ESG research space. Members of Morningstar Sustainalytics data research and development teams discuss how the company has been leveraging AI technologies for the past decade and what’s on the horizon in terms of gathering and analyzing corporate ESG risk data. You’ll also learn more about ESG risks in global supply chains as we share insights from our recently published ESG Spotlight series. The reports explore the impact of supply chain incidents, with a focus on human rights and biodiversity loss. They also offer investors frameworks for assessing supply chain-related risks among portfolio companies and potential strategies to improve portfolio performance and mitigate losses. Share Your Thoughts About the Show Please take a moment to share your thoughts on ESG in Conversation. You can email us at podcast@sustainalytics.com or take this short survey. Key Moments 00:00:00 Introduction 00:01:17 Interview with Kilian Theil and Andrei Hera on how AI is changing the world of ESG research and assessments 00:20:52 Overview of the ESG Spotlight series on ESG risks in supply chains Links to Select Resources Artificial Intelligence for ESG Assessments Supply Chain Incidents: Understanding the Impacts Unlocking Human Rights in Corporate Supply Chains Biodiversity in the Balance: Hedging Portfolio Risks