For over twenty-five years, Green Century Capital Management has been a leader in shareholder advocacy. This year, Green Century focused on two themes: sustainable agriculture and climate change. As part of its climate change advocacy, Green Century has been diligently working to promote plant-based proteins—as well as the preservation of tropical forests, the reduction of food waste, and a renewable energy transformation.
Plant-based proteins have received media attention in recent years due to the growing awareness that meat production is one of the main drivers of deforestation in the tropics. Globally, the production of livestock for human consumption generates 14% of the emissions that cause climate change.
By working with investors and agricultural companies,
Both stock and bond markets rebounded strongly during the first quarter of 2019. In the U.S., large company stocks rose 13.6%, small companies were up 14.6%, and bonds were up 2.9%. Foreign stocks rose 10%. The markets were lifted by news that the Fed had reduced the number of planned interest rate increases for 2019, from a prior estimate of three hikes down to zero. Reports of slowing global economic growth and low inflation contributed to the revised interest rate position.
In Support of the Climate Necessity Defense by Ryan Jones Casey
Caveat Emptor: What Are You Putting on Your Skin? by Sylvia Panek
Mainstreaming Responsible Investing by Michael Kramer
Doughnuts Anyone? by Kirbie Crowe
Bloomers and Doomers, Two Groups Driving Local Investment by Hal Brill
What’s Up on Wall Street by Scott Secrest
Download NI Newsletter Winter 2019
We have arrived at a watershed moment in US history, when the principles and practices of sustainable, responsible, and impact investing are finally becoming mainstream. The biennial report on U.S. Sustainable, Responsible, and Impact Investing Trends 2018 (the Trends Report), published by US SIF Foundation, reveals a 38% increase over two years in the assets under professional management that integrate environmental and social corporate governance (ESG) criteria. This means that currently, one in every four dollars under professional management in this country, or $12 trillion, is invested using ethical or socially responsible criteria.
Twenty years ago, SRI assets tallied just over $600 billion. The new data shows that assets have increased 18-fold since 1995—an astounding annual growth rate of nearly 14%.
One year ago, in January 2018, three citizens locked themselves to the front entrance of a downtown Wells Fargo bank branch in the city where I live and work, Duluth, MN. The protesters prevented business from being conducted at the branch for three hours. The reason for their actions were simple and well-articulated: they were protesting Wells Fargo Bank’s financing of Enbridge Corporation Line 3, an oil pipeline that runs 1,097 miles from the tar sands of Edmonton, Alberta, to the Enbridge oil storage facility that sits about a mile from the south shore of Lake Superior, just a few miles away from the site of the protest. Environmentalists have deep concerns about the climate impacts of the tar sands, as well as the threat the pipeline poses to local waterways and Indigenous land rights. The police eventually came to the branch to remove the locks and arrested the protesters. All three were charged with misdemeanor trespass, disorderly conduct, and obstruction of justice.
On Christmas, I opened a beautiful makeup gift set from an upscale department store, and my heart sank after reading the ingredients. I wouldn’t be able to use it. For years I had struggled with eczema; however, it wasn’t until reading an article about a form of eczema as a delayed allergic reaction to chemicals in the environment that I was able to get it under control. The real kicker was learning that when my dermatologists recommended moisturizing daily to manage my skin disorder, regular lotions (even hypoallergenic ones) actually perpetuated my symptoms instead of alleviating them. Once I switched everything, from my laundry detergent to my lipstick, to more natural options, the itchy rashes I suffered for seven years virtually disappeared.
Many Americans assume the U.S. has stringent product-safety regulations in place to protect them from potential injury.
Gross Domestic Product (GDP): who isn’t used to hearing about the ups and downs of this metric, commonly understood as the most important indicator of economic health? This statistic—the monetary value of finished goods and services produced within a country’s borders over a specific period—and the pursuit of its growth is embedded at the center of mainstream economic theory. But the question of whether GDP is still a meaningful metric in a world of persistent income inequality, intractable environmental challenges, and human exploitation is at the heart of Kate Raworth’s Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist. Despite the title, this book offers a thoughtful, practical advice that any concerned citizen can use.
Excerpted and adapted from
The Resilient Investor.
In Local Dollars, Local Sense, a thorough survey of the local investment movement, Michael Shuman makes a compelling case that small businesses comprise about half the GDP of the United States, but most investors are completely missing out. Overinvesting in Wall Street and under investing in Main Street (and other Close to Home Strategies) is a diversification problem that this book, and especially this Strategy, intends to help you overcome. As we mentioned earlier, while this type of financial investment has been difficult at best for most of us, there are encouraging developments underway.
While everyone is involved with at least some, and usually many, “close to home” activities, there are two groups for whom this has become the main focus of their resilient investing practice.
The final quarter of 2018 hit with a dramatic downturn for the stock market, while bond investments generally performed well. Large U.S. company stocks were down 13.5% over the quarter and down 4.4% for 2018. Small company stocks were down 20.2% this quarter and 11% on the year. Bonds were 1.6% higher for the quarter, though they were flat for the year.
The fourth quarter setback for stocks was abrupt and vexing. Large company stocks had recently risen 10.5% by the end of the third quarter. But by the year’s end, they were down 4.4% in a sharp reversal. Analysts have been reminding investors for years that a notable sell-off could arrive unexpectedly as the rising market endured longer and longer.
Divestment as a Moral Imperative by Kirbie Crowe
Investing in Carbon Drawdown by Sylvia Panek
Weaning Off Wall Street by Hal Brill
Harnessing Privilege for Justice by Kate Poole
The Fight for Shareholder Rights by Michael Kramer
What’s Up on Wall Street by Scott Secrest
Download NI Newsletter Fall 2018