The California Public Employees Retirement System has voted to adopt a trend-setting forest investment policy that requires certified sustainable forest management. This policy will direct $2.4 billion in CalPERS investments toward environmentally friendly projects. I feel that this is important because CalPERS is easily one of the biggest players in the game when it comes to investing in California.
The author goes on to explain that many financial investors are looked at as a hedge against inflation. The author goes on to say that a sustainable forest will produce positive numbers in the long term and will perform well when other assets are affected by inflation.
I feel that this is big news because CalPERS has taken the control away from publicly traded companies that would force the forest companies to cut trees prematurely in order to meet short-term quarterly earnings goals.
Link: http://www.nature.org/wherewework/northamerica/states/california/press/calpers21908.html
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment