Joe Keefe, president and CEO of US firm PAX World Management, has written a piece for the Huffington Post about the importance of sustainable investment in all aspects of life.
Speaking about investment in fossil fuels, Keefe says there are three general approaches: to continue to invest (A), to fully divest (B) or to partially divest, but favour those companies with the strongest commitments to changing (C).
He describes approach A as “unsustainable and irresponsible”, adding that it “effectively aligns investments with those who deny the science on climate change or actively resist efforts to address it.”
He expresses concerns about approach B, which he says is being used by environmental campaigner Bill McKibben and 350.org, who are calling for complete divestment from fossil fuels: “we are not convinced that these large multi-national companies will miss, or perhaps even notice, the small sliver of capital that is withdrawn.”
Keefe adds that by divesting completely, investors will also lose their right to attend annual general meetings.
Approach C, he says, is seen as the most practical by sustainable investors: “a best-of-class approach – screening out the worst polluters while investing in companies that have made larger commitments to renewable energy – is coupled with shareholder engagement to prod energy companies to further reduce their emissions.”
Keefe concludes by saying it is not up to governments and policymakers to act; instead investors hold the key to ensuring a sustainable financial future.
“Sustainable investing needs to be a core component of any comprehensive strategy to address climate change”, he says. “I dare say it needs to be a core component of the way we live our lives.”
Like our Facebook Page
Investing in a Sustainable Environmental Future for Northern Virginia
Prominent Trends in Seafood Sustainability in 2022
Can PEMF Help To Improve Plant Growth for Eco-Friendly Gardeners
How the U.S. Government is Promoting Green Energy in the Country
12 Essential Things for Buying Your First Home
Harnessing Sustainability with User-Centric Technology Innovation
Making Your Dream of Having an Eco-Friendly Garden Come True
Tips for Optimal Waste Management in Your Home
The Agricultural Benefits of Weather Stations for Eco-Friendly Farmers
What Makes Online Furniture Eco-Friendly?
7 Eco-Friendly Plant-Based Alternatives for Everyday Products
Top 5 Benefits of Eco-Friendly Cars
Why Eco-Friendly Homes Should Have Outdoor Bathrooms
Merits of Sustainability Reporting: What Every Manager Must Know
Low Emission and Clean Air Zones: What You Need To Know
4 Ways To Build A Sustainable Home
CEO Brian Ladin Explains How The Shipping Industry Is Going Green
A Guide to Eco-Friendly Landscaping
Why Transitioning Your Company to an EV Fleet Makes Sense?
6 Practices for Sustainable and Eco-Friendly Plant Operations
- Features11 months ago
Seven Health and Safety Tips for Eco-Friendly Products in a Green Home
- Energy11 months ago
Eco-Friendly Homeowners Lower Carbon Footprints through Greater Air Conditioner Efficiency
- Features11 months ago
Essential Guidelines for Eco-friendly Moving into new Home
- Features10 months ago
5 Compelling Reasons to Hire an Eco-Friendly Contractor