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16/08/18

A monthly briefing with inspiring stories on the environment, sports and personal growth.
Hello!
How's your summer going? With all the climate change records being broken, there is enough to be fearful about. But as Greenpeace pointed out, the hot summer should be a plea to act, not a plea for lethargy and thinking climate change is done. I hope we see more capital going towards solutions to limit the temperature rise and governments facilitating this, instead of dictating. Yes a subtle note there.


The past week I saw the above figure circulate on Twitter and Linkedin. Claiming that the best way to reduce your carbon footprint is moving your pension fund savings to sustainabile equity funds, even claiming it is 27x more efficient than other activities combined. And although that sounds like great marketing for all of us in the finance sector, its claim should be disputed. Comparing an investment portfolio carbon footprint with a showering or traveling carbon footprint is comparing apples and orange. The first is indirect, because the companies are responsible for the stock's carbon footprint, and the second is direct, you can directly impact your carbon footprint by flying less for instance. Also, it only says something about your carbon footprint, it does not say anything about how the world is doing, does moving your savings really decrease total carbon emissions in the world? A bold claim to make. I would advocate for more humility here. Moving your pension savings is a vote in a market system, it is a hell yeah for green leaders. Only if you decide to invest directly in social enterprises and new clean technologies, then be my guest and make those bold claims. Until then, be careful what you wash green.

See you next month and enjoy the read! Thanks!
What I've been reading:
Conservation NGOs scaling green start-ups, that sounds like impact. Workplace programs to improve health may only
benefit the healthy. Bregal Investments launched their first ESG report and a sustainable development fund for their companies. Extreme cyclists of the Navajo Nation. 10 principles for doing more exercise. The cycling mid-life crisis. Men pro-cyclists cycle longer, women harder. Six concepts for system thinking. How sustainable is your wardrobe. Climate scenario analysis, back in 1988 already. In case you missed it, recalling "triple bottom line". Modern slavery, chances to get sued are increasing. Bike share graveyards. How ING is avoiding the greenwash. Why it matters how you think about pain.
Recommended listening/looking:
GIFspiration:

Where to go?
Most clicked link of last month's newsletter: You Feel Like Shit Because You’re Drinking Your Morning Coffee Too Early
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See you next time!
 
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Opinions in this newsletter are solely those of Tim van der Weide and do not necessarily represent views of those quoted or cited, ERM or its partners or clients.
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