Time Magazine reports this week that, largely in response to activist preasure, major banks such as JPMorgan Chase are begining to account for the environmental and social effects of their project lending. In fact, 30 major private banks have signed on to the Equator Principles. We’ve reported on this before, but it’s especially noteworthy to see a “mainstream” magazine such as Time make reference to the ‘greening’ of high level finance. However, it’s too bad that the article leans heavily on the ‘activist’ angle – investing responsibly is usally as beneficial to business as it is to activists.
Nick Aster is a new media architect and the founder of TriplePundit.com
TriplePundit.com has since grown to become one of the web's leading sources of news and ideas on how business can be used to make the world a better place.
Prior to TriplePundit Nick worked for Mother Jones magazine, successfully re-launching the magazine's online presence. He worked for TreeHugger.com, managing the technical side of the publication for 3 years and has also been an active consultant for individuals and companies entering the world of micro-publishing. He earned his stripes working for Gawker Media and Moreover Technologies in the early days of blogging.
Nick holds an MBA in sustainable management from the Presidio School of Management and graduated with a BA in History from Washington University in St. Louis.
Follow Nick Aster @nickaster