“How would you suggest that I invest my savings of ten thousand dollars to have a positive social and environmental impact?”

The question came from a PhD student this time, but we get it a lot. Many people want their money to work for them—to preserve their financial security and to improve the world. In fact, almost 85 percent of individual investors say they are interested in sustainable investing and more than three quarters believe they can use their investments to influence the extent of climate change. In response, asset managers have created and rebranded trillions of dollars of funds as ESG (environment, social, and governance) funds targeting socially minded investors. So, it should be easy to recommend many worthy qualifying investments. Right?

https://ssir.org/articles/entry/a_realists_guide_to_investing_for_good

Institutional Investor

On April 8, the National Oceanic and Atmospheric Administration observatory in Mauna Loa, Hawaii, reported that the carbon dioxide levels in the atmosphere had reached 419 parts per million, the highest levels recorded in more than 4 million years. That same day, BlackRock, the world’s largest asset manager, announced another milestone: It had raised $1.25 billion for its U.S. Carbon Transition Readiness ETF, the largest exchange-traded fund in history. The fund is a visceral embodiment of BlackRock CEO Larry Fink’s assertion to clients that the firm “doesn’t see itself as a passive observer” when it comes to combating climate change.

By Kenneth P. Pucker •. September 13, 2021

Read full article: https://www.institutionalinvestor.com/article/b1tkr826880fy2/The-Trillion-Dollar-Fantasy

https://music.amazon.com/podcasts/81365e3f-0c57-42c3-b9f4-b692170482ec/episodes/038b34c3-0ffe-4726-a158-8ca3daa4dfe7/break-some-dishes-can-accountants-save-the-planet