April 22, 2022
I wholeheartedly believe that requiring publicly traded companies to report their environmental impact with regards to greenhouse gas emissions, is a fantastic idea to inform potential investors of what their money will support. Those who acknowledge climate changes grave impacts on the world will excitedly review companies environmental disclosures to help take into account which investments they consider. This will allow them to pursue portfolios that positively impact the environment, and their finances, if they so choose. Additionally, with the simple act of requiring a companys environmental impact to be easily and quickly visible, companies might begin to alter their course of business to produce more environmentally friendly results. This has the positive externality of spurring competition to reduce a companys environmental impact, should heavier polluting companies start to see drops in their value.
Fossil fuels have been instrumental in providing the modern comforts and way of life we in the more developed world enjoy. However, the age of continuing fossil fuel investment has gone. Conscious investors can make their voices heard, rather than hushed by the well funded fossil fuel elites, with their investments. In doing so we can create a more prosperous and liveable environment through supporting renewable energies and climate minded companies across the world for generations to come.