By Sarah Herr — Life surrounding Lake Simcoe has so much to offer, such as boating, fishing, swimming, and beautiful sunrises and sunsets, but how long will we be able to enjoy the lake and the nature that surrounds us if we don’t start protecting it?
The responsibility to tackle climate change and pollution rests on more than just the shoulders of individuals, yet there are numerous actions that everyone can take to make a real difference. One of those actions is how you choose to invest your money.
Previous strategies were to “avoid the bad” companies, but more comprehensive strategies now exist for investing responsibly. Not only can you choose to divest from fossil fuels, but you can actively choose to invest in companies that have diversity on their board, provide paid sick days to their employees, or protect local watersheds, for example. These types of investments are referred to as ESG investing, which stands for environmental, social, and corporate governance.
According to the 2020 Canadian Responsible Investment Trends Report, responsible investments are continuing to grow quickly, with $3.2-trillion in assets. According to this trends report, “the top four reasons for considering ESG factors are: (1) minimizing risk over time, (2) improving returns over time, (3) fulfilling fiduciary duty, and (4) fulfilling mission, purpose or values.” https://www.riacanada.ca/research/2020-canadian-ri-trends-report/
Living Green Barrie celebrates turning 30 this year with 10 actions for climate. Invest in Green is the focus for March. LG is offering a free webinar, Introduction to Green Investing, hosted by LG board member Jackie Ramler on Thursday, March 25, at 7 pm.
Jackie, who is Branch Manager and Portfolio Manager of Raymond James | Executive Wealth Advisors, MBA, CFP®, RIA, CIM®, FCSI™, FMA has been working in the responsible investing industry since before its popularity soared. While specializing in responsible investing, she ensures the office is green as well. The Executive Wealth Advisors office uses Bullfrog Power, recycles their empty ink cartridges, and has ditched disposables such as coffee pods and plastic cutlery, to name a few.
Register for Introduction to Green Investing to save your spot today through LG’s website, https://www.livinggreenbarrie.com/. If you’re unsure where to start with ESG, concerned about some companies greenwashing their practices, or wondering if you have to sacrifice returns for companies to do good, this webinar is for you.
Sarah Herr, Living Green Barrie Project Assistant, B.A. in Geography, University of Guelph, Ontario Master Naturalist, Certified Nature and Forest Therapy Guide with the ANFT.
Living Green Barrie’s mission is to guide citizens, businesses and local leaders toward actions that foster sustainability and resilience in the Barrie and Lake Simcoe community.
Photo by Tony Bellissimo