Here are three things happening in the markets this week
Is Ireland getting even greener?
The Republic of Ireland took a crucial step Thursday toward becoming the first country in the world to divest from fossil fuels. Independent lawmaker Thomas Pringle says, "We must be very clear; people are dying today as a direct result of climate change through the increasingly frequent and intense disasters, through increased hunger, increased water scarcity."
Read the full details at NPR.
What this means for you: Expect more of this. Governments will not meet their obligations under the Paris agreement on climate change if they continue to financially sustain the fossil fuel industry. Countries the world over should follow Ireland’s lead and divest from fossil fuels.
Hitting them where it hurts
A group of 25 investors managing more than $1 trillion in assets are demanding that Nestle SA, PepsiCo Inc., Procter & Gamble Co. and Unilever NV reduce their use of plastic packaging, calling it environmentally damaging.
Read the full story at Food Dive.
What this means for you: As more and more investors take advantage of their shareholder rights and vote against policies that don’t align with their values, expect to see big changes. This is just the first step in disrupting the way Big Food handles waste.
Rescue mission success with Xylem
Water tech firm Xylem (in our Clean Water portfolio) sent engineers to northern Thailand to aid in the rescue efforts of the Thai soccer team.
Bloomberg has the full story.
What this means for you: If you’re currently investing in Xylem by way of our Clean Water portfolio, you can pat yourself on the back.
