“What is not financial today will be financial tomorrow.”

In this Money Chill out podcast episode with David Kalfon, we explore why responsible finance isn’t just a trend—it’s a necessary lens for evaluating long-term value.

David started Sanso Longchamp AM 14 years ago. Today, the firm manages over €3 billion in AUM with a team of 40 investment professionals.

Key insights from our conversation:

🔍 Responsible investing means more than just P&L—it’s about governance, social impact, and environmental risks.

🌍 Climate risk is real: floods, fires, and forced migration will impact every sector.

🛡️ A truly forward-thinking fund doesn’t just avoid fossil fuels, it actively assesses how companies adapt to climate risks.

🎯 Even non-renewable sectors (think software, manufacturing) must manage environmental exposure to remain viable.

💡 Sanso Longchamp distributes 10% of its management fees to associations, a decision that’s had a deep internal impact.

💬 David also shares how market cycles have shifted since 2020, from a peak in ESG interest to recent pressures from inflation, energy prices with wars, and performance shortfalls.

📈 So how do they build a responsible portfolio?

✔️ Climate risk filter

✔️ ESG indicators

✔️ Strong financials

If you're curious about where responsible investing is going next, or how financial strategy can align with purpose, this one’s a must-listen.