The Fire a The Flood: Managing the threats of a global pandemic and changing climate

Our house sits next to a river. We see the water slowly rising year after year and threatening to flood the foundation. Then, a house fire erupts. What do we do? If we don’t act against both the fire and flood, our house will be gone.  Doug Baker, Chairman and CEO of Ecolab, believes climate change is a serious business risk that must be addressed even amidst a burning pandemic, as he describes in his house-on-a-river parable. In conversation with Brown Advisory’s Karina Funk, Baker discusses climate risk and lessons of the pandemic from his vantage point at the helm of Ecolab, which provides technology for clean water, safe food and hygienic environments to three million businesses around the world.Guest:Doug BakerChairman and CEO, EcolabHost:Karina Funk, CFAPortfolio Manager; Chair of Sustainable Investing, Brown Advisory Background Reading: The Unlikely Environmentalists: How the Private Sector Can Combat Climate Change, Foreign Affairs, May/June 2020  Leading a New Era of Climate Action, Harvard Business Review, January 31, 2020  Larry Fink's Annual Letter to CEOs, BlackRock, January 14, 2020 Let’s Make Water Chapter One of the Climate Story, LinkedIn, September 25, 2019  Please visit the Navigating Our World website to listen to our first episode: We've Been Here Before (and Made It Through): A Conversation with Jon Meacham, historian and Pulitzer Prize-winning author.The views and opinions expressed in this podcast are those of the speaker(s) and do not necessarily reflect those of Brown Advisory. These views are not intended to be and should not be relied upon as investment advice and are not intended to be a forecast of future events or a guarantee of future results. The information provided in this podcast is not intended to be and should not be considered a recommendation or suggestion to engage in or refrain from a particular course of action or to make or hold a particular investment or pursue a particular investment strategy, including whether or not to buy, sell, or hold any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. There is a risk that some or all of the capital invested in any such securities may be lost. This piece is intended solely for our clients and prospective clients, is for informational purposes only, and is not individually tailored for or directed to any particular client or prospective client

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