The October 2007 issue of Kiplinger’s Personal Finance magazine is devoted to investing in Green companies and ideas. The October issue of the Atlantic also has an article by Henry Blodget on Moral Investing (Ironic, huh?). The idea of “green is good” investing is really catching on in the financial industry, and there are a million mutual funds being launched to take advantage of the idea. Ok, maybe not a million, but a lot.
Another aside: I highly recommend Kiplinger over all of the other personal finance magazines mainly because they earned their credibility.
All these magazine articles and Tracey‘s super-secret project (just wait!), are making me think about my own effect on the environment around me. To put it bluntly, I am a walking ecological disaster. My flights to client sites makes me a big (debit) on our carbon balance sheet.
This leads to my belief that carbon offsets could be a significant barrier to globally-integrated enterprises. Although value creation is global, the movement of services between geographies has an increased transportation and travel cost. As most consultants will attest, we often make big sacrifices in the interest of expediency. We live in luxury and waste far too much to achieve our objectives.
