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Impact Investing with ESG Filters

 

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A few years ago there were not many options for climate impact investing. But things have evolved. There is a Dow Jones Sustainability ranking for most large companies. The bigger financial firms have developed a wide range of screening protocols for a whole host of environmental, social, and governance parameters (ESG). And there is a ‘divestment from fossil fuels’ initiative expanding across the country from the board rooms of our most prestigious universities and corporations to your average citizen. You might want to look at investments through a ‘climate lens’ as you plan for the long term health of your family and your portfolio – especially as you restructure your investment strategy during this pandemic.

I suggest that you read: citing-climate-change-blackrock-will-start-moving-away-from-fossil-fuels. People want good returns and they no longer trust fossil fuel companies or firms who aren’t planning and helping to create a more sustainable future.

There is also a big move toward rebuilding our country from the coronavirus impacts in a way that will make us more resilient and better prepared for the looming climate challenges. Check out recent actions by over 300 businesses.

There is also a trend among the baby-boomers who want to have an impact with their investments. As a group they represent the greatest transfer of wealth of all time. Just think what they could accomplish if their funds were funneled in the right way. Some of the largest Wall Street firms are trying to meet this demand. For example, look at the strategy of Morgan Stanley. institute-for-sustainable-investing. We as consumers and investors can have a great deal of influence on which businesses we support and which ones we choose not to support. I try to consider these impacts every time I spend a dollar – whether it is purchasing something or where I invest. Just think of the impact we might have on shaping  the future if we all did this.


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