An Argument For a Net Zero Carbon Investment Manager

Why it is Important

If US investment managers create carbon-neutral offices, collectively, they would sequester the carbon equivalent of over a million acres of US forests per year. It does not sound possible, but if you factor in the power of multiplication, it makes sense.

There are 10,000+ registered investment advisers in the USA that consume energy, travel for business, and commute to work. Total emissions of a typical NYC office generate 75 metric tons of CO2e. If you assume this represents the average office; then if every manager went carbon-neutral, collectively, they would annually remove 750,000 metric tons of CO2e from the atmosphere. According to the EPA, this is the equivalent of removing 162 thousand cars from the road or preserving a million acres of US forests per year No small achievement for what seems like such an inconsequential act. Especially seeing the cost of going carbon-neutral is the same as a fancy dinner.

Read more at https://esgadministration.com/an-argument-for-a-net-zero-investment-company/