“On the climate change side, it’s becoming easier to identify stocks,” Ripman said. “A lot of the data is becoming a little bit easier to get a hold of and more standardized. But obviously, on the social side, the data is still quite lacking.”
Ripman, who drives around in a Nissan Leaf, says his obsession with ethical investing has taken on a whole new significance since he became a father.
It used to be a question of “what does this mean for me?” he says. Now, it’s turned into “what does it mean for the next generation.”
Ripman says he’s concerned that his industry’s contribution isn’t nearly enough to provide a better world for the next generation. What’s lacking, he says, is an “intersection between politics, business and finance.”
“I don’t see that happening at the moment,” he said. “So that scares the hell out of me.”
This article was provided by Bloomberg News.