Earth911’s Mitch Ratcliffe talks with Doug Heske, CEO of Newday Impact Investing, and Philippe Cousteau, founder of EarthEcho International, about the potential to accelerate the transition from the petrochemical economy by investing in sustainable businesses. They have partnered to expand financial literacy in the young and communities of color around the world. They discuss recent criticisms of investments that aim to change the environmental, social, and governance (ESG) practices of companies and their experience backing and coaching companies. Together, their organizations collaborate with the SIFMA Foundation on sustainable investing knowledge delivered by the popular National Stock Market Game.
Newday Impact is an investment management company that provides investors app-based guidance that helps them set up an ESG portfolio. Newday offers many sustainable investment strategies to support climate action, biodiversity protection, ocean health, and very specific investments to protect wild tigers and end plastic straw pollution, as well as religious goals and socially responsible corporate practices. You can start your ESG investment portfolio with as little as $50 a month, and Newday contributes 5% of its fees to support NGOs including EarthEcho International.
EarthEcho provides programs and support for global youth action “to equip new generations of leaders and problem solvers to identify and tackle environmental challenges in their communities.” Its EarthEcho Water Challenge connects more than 1.6 million young people in 146 countries to protect local waterways. Philippe Cousteau and his sister Alexandra founded EarthEcho International to honor their explorer father, Philippe Sr., and grandfather, the legendary Jacques Cousteau.
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This post was originally published on May 10, 2021.