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Markets trumping Trump on climate change

In Uncategorized on 24/12/2016 at 11:10 am

Seems that there’s momentum for corporations to ignore Trump’s views on climate change: investor pressure. From NYT Dealbook

The Climate for Investment
In spite of an incoming presidential administration in the United States that is hostile to addressing climate change, the clamor for corporations to be more forthcoming about the risks posed by environmental changes is getting louder.
A task force commissioned by the Group of 20 richest nations has issued guidelines for how companies should measure and disclose the predicted effects of extreme weather and rising seas.
The guidelines are voluntary, but companies may find themselves under morepressure from investors, who have taken to including environmental, social and corporate governance issues, or E.S.G., in their stock picks. Younger investors, in particular, like the approach.
And performance does not have to suffer. Funds like the Vanguard social index fund and the Parnassus Core Equity Investor fund, which pick stocks using E.S.G. and fundamental analysis, have been beating the market.
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