On August 9, 2021, the United Nations Intergovernmental Panel on Climate Change sent shock waves through the financial markets and the world in general with the publication of its sixth assessment report. The IPCC report, the most comprehensive of its nature since 2013, made it abundantly clear that much of the damage incurred by the global ecosystem will be irreversible, and the harm is accelerating at an alarming rate. This has catalyzed investment funds and asset managers focusing on ESG investments to rethink their approach. Chris Meyer of Praxis Mutual Funds, a well-established socially responsible investment firm, said in a Bloomberg Law article that the report “changes the calculus. We will need to have a sharper focus. This report shows that investors are not moving quickly enough.” The financial investment itself may not be able to curb the problem. However, what is certain is that fund managers focused on ESG criteria will pay extra attention to environmentally conscious companies and substantial sums of investment dollars will likely flow into those that commit to more aggressive ESG plans.

Marijuana Venture, 10/11/2021 15:00:00

Open article: https://www.marijuanaventure.com/climate-change-report-signals-a-need-for-greener-operations-in-cannabis/