Gore Calls on Institutional Investors to Adopt ESG Focus (Chief Investment Officer)

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Former US Vice President Al Gore spoke to the choir Wednesday, receiving loud applause as he told the Principles of Responsible Investing annual conference that investing to combat climate change is part of their fiduciary role.

Gore, speaking to institutional investors at the PRI conference in San Francisco, did not cite any specific economic papers but said that it was now clear from economic research and real-time performance that integrating environmental, social, and governance (ESG) factors into investing is in line with fiduciary duty and best practices.

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“The idea that the environment and the economy are in conflict is false,” Gore said. “Decarbonizing goes hand-in-hand with improved economic performance.”

 

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In the midst of a global pandemic, Apple announced one of the corporate world’s most ambitious environmental blueprints – to reduce the climate impact of every Apple device to net zero by 2030. The plan involves cutting 75 per cent of the company’s existing carbon footprint, not only for its own business but also across the manufacturing supply chain and product life cycle.

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