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EXCERPT:
In determining which companies to invest in, Generation, which employs around 110 workers, examines factors such as the size of the firm’s carbon footprint and the diversity of its corporate board, including female representation.
Generation’s Global Equity fund includes blue-chip firms such as Adidas, Microsoft, Amazon, Carlisle and Charles Schwab.
Microsoft is one company that has seen its greenhouse gas emissions increase, according to Bloomberg News.
Becton Dickinson & Co, a medical device maker listed in Generation’s Global Equity fund, has seen its carbon footprint grow by more than 20% between 2015 and 2021, according to Bloomberg’s analysis.
Amazon, the e-commerce goliath, is the biggest climate culprit. The Seattle-based giant only began releasing data about the amount of greenhouse gas it emits in 2019.
In 2021, as Amazon’s profits soared during the pandemic, so did the tonnage of greenhouse gases that it released into the air, according to the company’s own sustainability report. That year, Amazon’s carbon footprint grew by one-fifth.
So what? All is forgiven or will be.