To save for retirement, common knowledge says to “diversify your portfolio.” Give your cash to a company so they can invest it into hundreds of other companies on the stock market. But unless you’ve gone out of your way to change it, your portfolio probably has little to do with your values.
For example, there are climate activists invested in fossil fuel companies. Staunch vegans putting some of their hard-earned income into Tyson Foods. On the flip side, there are climate deniers with money in Tesla!
So is there a way to save for retirement that’s both good for your pocketbook… and good for the planet?
Featuring: Timothy Yee, Clara Vondrich, Kelly Shue
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LINKS
Divestment helped reduce greenhouse gas emissions from the coal industry, according to this white paper from the Harvard Business School. However, divestment can also backfire, according to this study from Yale.
Got a lot of time to kill? You can watch the recent SEC commissioner meeting where they voted to pass a weakened version of the climate disclosure rule.
CREDITS
Host: Nate Hegyi
Reported and produced by Nate Hegyi
Mixed by Nate Hegyi and Taylor Quimby
Editing by Taylor Quimby
Our staff includes Justine Paradis and Felix Poon
Executive producer: Taylor Quimby
Rebecca Lavoie is NHPR’s Director of On-Demand Audio
Music by Blue Dot Sessions
Our theme music is by Breakmaster Cylinder.
Outside/In is a production of New Hampshire Public Radio