Tens of thousands of youth across the world to demand more action on climate change
Today, young people from nearly 1,000 cities in 82 countries are expected to protest against world leaders’ inaction on combatting climate change.
The demonstrations are part of an international movement, called #FridaysForFuture, that urges global leaders to take concrete action regarding climate change. This movement is led by Swedish teenager Greta Thunberg, who addressed attendees at both the COP24 United Nations climate talks in Poland and the 2019 World Economic Forum in Switzerland. Ms Thunberg speaks on behalf of young people worldwide who are seriously concerned about global and regional changes in climate patterns.
Youth activism on environmental issues has contributed in part to new investor views on performance evaluation. Firms are increasingly concerned not just with financial implications of their investments, but also their associated environmental and social externalities. For example, in 2016, $23 trillion, or 26% of all assets under management worldwide, were reported to be “socially responsible investments”.
As a new generation of environmentally concerned consumers and future investors ages, expect firms to begin substantially increasing socially responsible investing. One example of this change may include greater investment in “green bonds”, the proceeds of which are dedicated in part to environmental protection projects.
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