Patagonia's decision to donate profits to climate change is an example of why private and family businesses often do more for the planet than the stock market.
Climate change can have a direct impact on your wallet. Not only can it affect your bills, from insurance to food and utilities, but if you are hit by an event like a wildfire or hurricane, you can lose your home, income or both.
The owners of capital must immediately begin to reallocate their capital toward less emissions-intensive investments in line with broadly accepted climate scenarios.
Investors poured record money into ESG funds, which focus on climate change, inequality and other issues, at more than twice the rate last year than in 2019.
Wall Street banks make progress on climate change finance, but a group of big investors representing $1 trillion warn Federal Reserve Chair Jay Powell of systemic market risks.
