6/10/17 : Sustainable Divestment
From New York, at a Fordham University panel entitled “Divest Invest New York: The Business Case,” I collect the opinions of a range of climate-change and business experts on the intersection of those two fields, a line of concern that has risen to particular prominence in recent years.
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As the state of the environment worldwide has crept toward an ever-increasing state of alarm, it has thus been put on an inevitable collision course with the distinctly American institution of Capitalism. Navigating this intersection has become, as panelist David Levine of the American Sustainable Business Council states, a matter of finding and creating “businesses that advocate for a sustainable economy, an economy otherwise known as ‘Triple bottom line:’ People, Planet, Profit.”
Crucial to the Fordham panel, and thus to the very goal of creating sustainable business models, is the notion of Divestment, as concrete an action a corporation or individual can take in an effort to rid themselves of connections to environmentally hazardous resources and actions. As many of the panelists saw it, divestment is a necessary tool in the economic portion of the battle against climate violence.
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