The SRI Agenda: Climate Change and Indigenous Peoples
This chapter explores SRI in practice, unveiling how differences in the character of environmental and social issues influence financiers' responses. It contrasts the responses of the SRI sector to two issues—climate change and indigenous peoples. These case studies illuminate the interplay between the business and ethical motivations for responsible financing. The chapter finds that the SRI community tends to focus on some issues more than others, and those issues that can be understood readily within the framework of the business case are most likely to garner attention. It also argues that in each case the ability of the SRI sector to exert influence depends heavily upon governments providing appropriate regulatory and public policy frameworks. For example, markets depend on reforms to price greenhouse gas emissions such as carbon taxes.
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