The following is a condensed, less academic excerpt of a paper I recently wrote for my final graduate course. It also represents the completion of Task #3 on my 9-Week Productivity Challenge and the conclusion of a series of posts here on Earth and Money related the social and environmental impacts of our investments. The series began two weeks ago with a look at an emerging type of investment vehicle, community bonds, then introduced how we might be funding our own demise, what corporate social responsibility represents, and whether ethical mutual funds are a better way to invest.
In the environmental health world, decisions are frequently made based on a concept called the precautionary principle. The principle states that in the absence of scientific evidence for the safety of a product or action, we should act on the side of precaution. This can be achieved through four central actions:
“Taking preventative action in the face of uncertainty; shifting the burden of proof to the proponents of an activity; exploring a wide range of alternatives to possibly harmful actions; and increasing public participation in decision making.” (Kriebel et al., 2001)
The reality is that this doesn’t apply exclusively to environmental health. In fact, as investors, we can enact the precautionary principle, to make better investment choices that promote a healthier, better world.
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The following is a condensed, less academic excerpt of a paper I recently wrote for my final graduate course. It also represents the completion of Task #3 on my
The following is a condensed, less academic excerpt of a paper I recently wrote for my final graduate course. It also represents the completion of Task #3 on my
Yesterday, I was in my local
Is it possible to invest in a sustainable and ethical fashion that promotes environmental health and a better world without resorting to mutual funds, or some other packaged investment? With the advent of community bonds, it is.