(3BL Media/Justmeans) Burning fossil fuels has made our modern world possible with its many conveniences, but it has also been the main cause of climate change. As UN Chief Antonio Guterres recently declared, “Continuing to invest in fossil fuels would create “an unsustainable future.” He added that “we must stop making bets on an unsustainable future that will place savings and societies at risk."
FROM THE EDITOR
SRI Continues Move to Mainstream
Regular readers of Justmeans will recall several articles about how socially responsible investing is moving from its marginal niche into the wider universe of the investment sector. Increasingly, institutional investors, asset managers, and analysts are incorporating ESG factors into their decision-making. The US Forum for Sustainable and Responsible Investment estimates that now more than a fifth ($8.7trn) of the funds under professional management in America is screened on SRI criteria. But you know things are really changing when The Economist headlines an article, “Sustainable investment joins the mainstream.” The article focuses on the Millenials, which it terms “Generation SRI.” The bottom line? In coming years boomers will pass on trillions of dollars in the largest intergenerational wealth transfer—ever. And Millennials believe in sustainable investing. Details here.
John Howell, Editorial Director
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News & Blogs
(3BL Media/Justmeans) The burning of fossil fuels has increased the concentration of carbon dioxide in the atmosphere. Shipping companies like UPS are investing in renewable natural gas (RNG) as an alternative to fossil fuels. RNG, also known as biomethane, is a gas that is completely interchangeable with conventional natural gas, and can be used in natural gas vehicles. It is a biofuel produced from biomass sources such as decomposing organic waste in landfills, wastewater treatment and agriculture.
(3BL Media/Justmeans) — Across the world, 59 million children and 65 million adolescents are out of school, while more than 120 million children do not complete primary education. Behind these figures there are children and young people being denied not only a right, but opportunities—a fair chance to get a decent job, to escape poverty, to support their families and to develop their communities.
(3BL Media/Justmeans) The Latin American and Caribbean (LAC) region has made many social and economic improvements in 15 years. Those include reducing poverty, inequality and hunger. However, the region still faces big environmental and social challenges. Extreme weather events with a link to climate change such as hurricanes pose big threats to the region. The 2017 Atlantic hurricane season is the costliest one on record, with damages from just Hurricane Irma costing $30 billion.
(3BL Media/Justmeans) – The recent UN climate summit in Bonnhad an extraordinary participation from the US non-federal actors who reiterated their commitments to emission cuts despite the US pulling out of the Paris Agreement (COP21). The 100-plus US delegation at the COP23 summit included mayors, governors, civil society members and Universities, apart from sustainability representatives from Mars, Walmart, Coca-Cola Company, Microsoft and Kellogg.
Guest Blog by Bruno Vuillier, Kraton
Sustainability. Now that this word is firmly entrenched in the business landscape, the real question is just how committed organizations are to sustainable practices vs. bottom-line results? This is a story of two companies involved in road construction that have sustainability in their DNA, and how they are collaborating to help solve one of the industry’s great conundrums.
(3BL Media/Justmeans) – During the depths of Detroit’s bankruptcy three years ago, JPMorgan Chase & Co. committed $100 million for economic development and neighborhood stabilization in the city. It added another $50 million to that amount earlier this year. Half the amount is in the form of grants, while the other half comprises a variety of loan funds for small business growth and real estate development.