Corporate Responsibility: Promoting Climate Justice Through the Divestment of Fossil Fuels and Socially Responsible Investment
Heightened awareness of climate change has inspired institutional investors to divest from fossil fuels. At the same time, investors have pushed for a new sustainable energy economy with socially and environmentally responsible investments. This fossil fuel divestment and investment in sustainable and socially responsible businesses will become a powerful driver of change, and will promote climate justice by taking a human-centered approach to climate change and safeguarding the rights of present and future generations. This Article, adapted from Chapter 5 of Climate Justice: Case Studies in Global and Regional Governance (ELI Press 2016), explains that although the actions undertaken are voluntary, they represent an important shift in thinking necessary for a sustainable future.