Investment in companies with responsible environmental, social, and governance practices in place may be an effective tool toclimate change, especially if it includes policies that reduce a company’s greenhouse gas emissions. However, corporate investments focused on ESG policies in the US are facing backlash. Last December, Florida’s chief financial officer announced that the state treasury will
from multi-national investment company BlackRock Inc., arguing that “they’ve got other goals than producing returns” because of their ESG investing practices.Climate change itself affects economic growth and the availability of financial resources.
Redirecting capital toward climate action within the national and global financial sectors must occur on a major scale to secure a liveable future. As United Nations Secretary-General Antonio Guterres has
The banks are the unhinged to begin with, always have been.