In episode 90, Alex Proimos speaks with Désirée Lucchese, ethics and impact manager at U Ethical. This episode looks at the sustainability philosophy and praxis. The conversation delves into many questions. How can we create investment frameworks that address inter-generational equity and industrial ecology? Stakeholder capitalism and risk materiality. What risks matter, and in what time frame? Geopolitics, systemic risks and portfolio construction. How much does idiosyncratic risk matter? Can investors reduce systematic risk through fiduciary duty? What does Modern Portfolio Theory miss in terms of unintended risks? Do benchmarks obfuscate sustainability outcomes? Finally, we debate whether climate change is the greatest market failure of all time and the alignment between the market economy and the environment.