In “Wrangling the Grey Rhinos of ESG,” published February 4, 2020, Michele Wucker wrote for Citywire’s New Model Adviser magazine about how gray rhino theory applies to ESG (Environment, Social, and Governance) investing paradigms.
“Climate change and financial crisis are the kind of issues I was thinking of when I coined the term ‘grey rhino’ – a metaphor for big, obvious, probable risks that are charging straight at us. Everyone knows climate change and financial risk are out there, and it is easy to think that someone must be dealing with them. But paradoxically, their obviousness, size, and high probability are part of why we have let things get to such a dangerous place,” she wrote.
Read the whole article HERE.