Podcast: Understanding externalities in capital markets

New podcast: Understanding externalities in capital markets

In this podcast episode, Andreas Gintschel explains the concept of externalities and how they reveal the real societal and environmental effects of corporate activity that traditional financial metrics do not capture. He outlines why ratings alone cannot provide a complete sustainability assessment and how monetizing externalities creates a transparent and objective basis for evaluating long-term performance.

Effectual’s approach shows how investors can identify where real value is created and where hidden costs accumulate, enabling a more accurate understanding of efficiency, risk, and economic impact. The discussion also highlights that sustainable investing requires more than labels; it requires reliable data, economic logic, and a clear perspective on a company’s full set of effects.

Listen to the podcast here:
Ideencouch #93: Nachhaltige Geldanlage