Welcome to the twenty-second Pari Passu newsletter,

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Today, we will learn more about:

1. Circular Economy Deep Dive

2. Karen Karniol-Tambour (co-CIO at Bridgewater Associates) Podcast

Circular Economy Deep Dive

Integrating sustainability into financial, economic, and political decision-making has been a key focal point, particularly in recent years when metrics like carbon impact and material waste have trickled into corporate performance objectives and investor inquiries. The essence of a circular economy (CE) is a regenerative economic system in which resources are kept in use for as long as possible, waste is minimized, and material is reused or recycled at the end of its service life. A CE aims to replace the traditional, linear economy of “take-make-waste” with a sustainable solution that prioritizes the preservation and growth of natural resources and ecosystems. In this post, we will provide an overview of CE models, survey the success and prevalence of the CE in financial markets, and consider recent policy implications to assess where CE investing goes from here.

CE Overview

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