Sustainability

By Edward Ding Sustainability, ESG, GBPs. What do any of these things actually mean? Before we can get into a discussion about financial greenwashing, we first need to understand the meaning of “green” and a few other ideas. Our first definition is of principles related to ESG: Environmental, Social, and Governance. “Environmental” refers to how a business affects the world’s natural resources, especially in terms of climate change; “Social” refers to a business’ relationship to the communities and people that it serves, employs, or coexists with; “Governance” refers to the way a business regulates itself, prevents wrongdoing, and ensures ethical…

By: Rohan Upadhyay On February 16th, Dores Divest filed a legal complaint - alongside students at Stanford, Yale, MIT, and Princeton - with the Tennessee attorney general to compel Vanderbilt to divest from fossil fuel investments. The complaint invoked the Tennessee Uniform Prudent Management of Institutional Funds Act (UPMIFA), which states that nonprofit funds must invest responsibly with regard to the community’s well-being. They argue that Vanderbilt disregards this principle.  To learn more about the motivations, arguments and goals of the complaint, I spoke with Miguel Moravec, a co-founder of Dores Divest. I also spoke with Joshua Doh, a student…

By: Rohan Upadhyay Photo by American Public Power Association on Unsplash Dores Divest, alongside the Climate Defense Project, recently filed a legal complaint to Tennessee’s attorney general to compel Vanderbilt’s Board of Trust to divest from fossil fuels. Similar complaints came from students at Princeton, MIT, Stanford and Yale to their respective attorney generals.  The complaint argues that:  “Under the Tennessee Uniform Prudent Management of Institutional Funds Act, the Board of Trust has a fiduciary duty to invest with… charitable purposes…  [which] distinguishes non-profit institutions from other investors. It is problematic, then, that the Board… has invested… in the fossil…

By: Geneva Bass As firms and consumers brace against the Climate Crisis, the market for carbon offsets soars to new heights. Saturday, November 6th, 100,000 people flooded the streets of Glasgow, Scotland in climate protest as world leaders convened for COP26. Swedish teen climate activist Greta Thunberg denounced COP26 as “a failure” and “a two-week-long celebration of business as usual.”  "The eyes of all future generations are upon you,” Thunberg told world leaders two years ago at the UN Climate Summit on September 23, 2019. “And if you choose to fail us, I say - we will never forgive you."…

By: Ron Ye India and China, mainly reliant on coal for electricity, are suffering from a coal shortage. The price of natural gas in Europe is skyrocketing. Much of Lebanon is suffering from power outages. These pose some questions. Why are so many regions suffering from energy problems? Is there a global energy crisis? Why has the US seemingly not been affected by it? To answer these questions, we must analyze each of these regions.  India 70% of India’s electricity comes from coal. What is concerning about this fact is that India has nearly depleted its coal reserves. A cause…

By: Eric Wang The discussion about sustainability has become a hot issue in the society and company management field. However, though it attracts much appreciation and applause for the movement, critics have emerged from society's multilevel. A detailed analysis of them may help the movement innovate and redirect to head in the right direction. One of the most well-known to the sustainability concept would be the increasing trend of opposition to globalization. Critics suggest that sustainability is simply an elite game that only adapts to the developed countries' settings. Thus, it may not bring as many benefits as imagined worldwide…

By: Rohan Upadhyay President Biden plans to fight climate change and create jobs via infrastructure spending. However, to make America green, the economy must go green: corporations and banks must move towards renewables. Some institutions are considering sustainability. Global banks invested $1.9 trillion in renewables during 2016-2018 after the Paris Accords. 5 American banks also pledged to end Arctic drilling investment. Yet, this transition isn't complete. 33 global banks invested $1.9 trillion in fossil-fuels between 2016-2019. US banks invested double in fossil-fuels over renewables during 2016-2018. Furthermore, the UN initiative to encourage renewable investment - Principles of Responsible Investing -…