Posts Tagged ‘impact investing’

Is ESG Hot Air Contributing to Climate Change?

Elephant in Borneo tropical forest

It was only a matter of time. As more and more financial institutions claim to be green or responsible or sustainable, eventually someone was going to ask them to prove it.

Recently, eight U.S. senators did just that. The senators sent letters to the heads of eleven investment firms, asking how they managed the environmental, social, and governance (ESG) risks related to tropical deforestation.

Green Century applauds these senators for asking appropriate questions about firms’ deforestation-linked investments. It’s equally important that individual investors start asking tough questions, too.

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Aramark Commits to Protect Tropical Forests, After Green Century Engagement

Aramark* serves two billion meals a year in schools, hospitals, sports stadiums and more, so the environmental ramifications of Green Century’s recent engagement with the company will be substantial.

Following a meeting in Green Century’s office in Boston, Aramark agreed to develop and fully implement a no-deforestation commitment within six years. Consequently, Green Century withdrew the shareholder resolution it had filed with the company.

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