"The year may be new, but the old ESG debate is still hanging around."
That's the takeaway from a New York Times op-ed by Bill McKibben and David Rittgers, co-founders of the World Wildlife Fund, who call for investors to rethink how they invest in climate change initiatives.
"The larger truth is this," writes McKibben and Rittgers: "Throughout the private markets, the consideration of environmental and social impact in investment decision-making is a well-accepted and fast-growing practice."
They outline four key themes where impact investors can make the biggest impact: climate justice, the energy transition, deep decarbonization, and nature-based solutions.
The idea is that investors will put their money where their mouth is and make a positive impact in areas such as food and water security, indigenous land stewardship, community agency and ownership models, and natural disaster preparedness and resiliency planning.
"And critically, when structured with intention and creativity, these investments can even more private capital for co-investment, creating a multiplier effect that substantially amplifies their effectiveness," writes McKibben and Rittgers.
McKibben and Rittgers note that private investors are already driving "meaningful and lasting progress" on climate change,
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UK will be celebrating its first national celebration of social enterprises dubbed as Social Saturday. World famous celebrity chef Jamie Oliver, who founded the Fifteen restaurant chain.