Columbia University Professor Jeffrey Sachs writes, in an article entitled “Thank Goodness for the American Corporation“, about the wake-up call many US companies have received about global warming. In it he reports on some of the positive changes that companies such as GE have recently made despite the lack of leadership in Washington. Notably, the often overlooked roll of pension funds is mentioned. As necessarily long-term investors, pension funds stand to lose in the long term if serious investment in the long term future is not made. Furthermore, as shareholders, pension funds are able to easily absorb short-term losses that sometimes result from proactive environmental steps, making them ideal change agents.
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 was instrumental in the creation of TreeHugger.com, managing the technical side of the publication for 3 years as well as 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