Everyone
has a responsibility to fix the weather, or at least make sure the world still
lasts for as long as humanity can thrive. Fund managers, on the other hand, are
concerned about fixing growth, or rather, making things grow. One can argue
that fund managers must only concern themselves about looking for businesses
that would help grow funds.
It would be
up to the business to make sure their methods are climate-risky, to say a term.
But it's
not always the case. If fund managers continue to help companies with bad
climate records
thrive, we may find ourselves in a drier, hotter and unhealthy
earth.
ClientEarth
and other such companies have successfully made their voices heard against
world governments especially regarding illegal levels of air pollution and
urging mining companies to publish honest reports on climate change risks to
their business.
Investors
should be mindful that their money guarantees longevity for the earth and human
life and not shortening it. New laws should be made that would disallow fund
managers to fund companies with opaque records on environmental and climate
risks.
But maybe
we're getting too ideal here. We just want fund managers to invest somewhere
where we'll be sure we still have an earth left to live in the next day.
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