This was originally published on WBUR.org.
(March 13, 2019) — Foundations and pension funds are under pressure to do more "impact investing," focusing not just on the bottom line, but also on doing good for people and the planet. But is it effective? If so, why isn’t impact investing catching on more?
"As evidence, take PG&E’s recent bankruptcy filing following the wildfires that ravaged California over the past two years.
"The company’s equipment has been blamed for contributing to those disasters. But another factor — the hotter climate and drier terrain in California and broader region — also contributed to the problem.
"'Any utility in those regions can be at risk for fires because they have a ton of infrastructure spread across a very fire-prone landscape,' said Julie Gorte, senior vice president for sustainable investing at Impax Asset Management and Pax World Funds.
"And the potential risks tied to climate change don’t end there.
"'Any company can face climate risk, and I think that is the 800-pound gorilla,' Gorte said.
"The good news for individual investors is that there are ways that you can invest with the intention of helping to make a difference and you can still make a profit doing it."
Check back soon
Please come back soon to see future events.
Penn Foster CEO, Frank Britt’s Article A 2019 MVP Award Winner
Penn Foster Wins Award for Best Practices in Customer Service
Penn Foster Receives 2019 Learning in Practice Award from Chief Learning Officer
For Media Inquiries, please email us: [email protected]