, Columnist
Making Money Is Good. Doing Good Is Even Better
It's time for fund managers to take an active environmental stance on investments, even if there's an initial financial cost.
Coal is not the future.
Photographer: Sean Gallup/Getty Images
This article is for subscribers only.
Some of us are still clinging to the hope that the destruction the pandemic has wrought on lives and livelihoods will be offset by a kinder, simpler, more equitable aftermath for society.
In particular, there’s an opportunity to address the climate crisis more directly than ever. And for investment firms, the time has arrived when the moral imperative to stop funding environmentally damaging companies and industries should finally outweigh any lingering concern about sacrificing returns to do good.