Avoid religion and politics, including big topics like climate change, at the Thanksgiving table if you want to keep the peace, advise some family therapists.
One such sensitive holiday issue may be climate change. This is a topic that includes forecasts of heat, drought and severe, sometimes heartbreaking storms issued by expert bodies. But it is also exploring the transition to cleaner energy ICLN,
already underway and accelerating in the years and decades to come, which could disrupt the market for gasoline-powered cars that most people still drive and the devices they buy.
Related: Food for thought for Thanksgiving: Most people hold the Earth sacred and believe that God has given us a duty to protect our oceans, forests and clean air
It can also mean thinking about the sustainability practices of favorite brands, new “green” jobs that often pay well, investing with environmental, social and governance (ESG) factors in mind, and making sense of a mix of political commentary when It’s about what opponents have called ‘woke capitalism’.
Investment research giant Morningstar featured fund managers and environmental, social and governance research experts, professionals tasked with tracking, explaining and selling this growing characteristic of investing, at a Twitter Spaces discussion this week. ESG, for example, can take into account the diversity of a board of directors, the risk of flooding of a company’s warehouses and the said company’s transparency on these factors with its investors, customers and stakeholders. employees.
Morningstar panelists tackled the timely issue of sensitive holiday table discussions and how people who care about climate change and social issues could constructively engage with parents who don’t seem to. The thrust of the discussion was to avoid particularly sensitive fights and beatings, but to not shy away from sharing personal opinions that are not just talking points, but help define who we are as people. , as a country and as a shared world, especially when armed with scientific and economic reasoning.
This sharing, panelists said, helps explain to others why ESG and active participation in the energy transition can provide growth and income opportunities for investors, especially when other sound investment practices are employed. , and of course ESG can help foster a more inclusive workplace, where we all spend so much of our lives.
A recording of the full discussion can be found here.
Lisa Woll, CEO of US SIF, a forum for responsible and sustainable investing, said she often had to explain to friends, family and business associates that ESG is not an investment theme. investment in itself, but rather a layer of filtering or scrutiny applied to security selection already faces a deeper checklist.
And, she said, the work of some conservative state officials and a stable of conservative judges at the federal level who pushed for an “anti-awakening” investment of government pension money. ‘State means she’s having those talks more than ever.
Leslie Samuelrich, CEO of Green Century Funds, said she patiently explains that her “reason for including ESG data is when I think of [whether a] the company is really ready for a long-term investment. How will they behave in the economy 20 years from now? In 25 years, when I want my assets to be there for me, you know? »
“I want to invest in leaders. I want to invest in people on leadership teams who are considering these things,” she continued. “So, for me, those are the arguments in favor of ESG. And that’s exactly what I say at the Thanksgiving dinner table.
It is also true that climate changec is one of the topics that tends to divide generations.
The majority of Americans say the federal government, businesses and others are doing too little to reduce the effects of climate change, according to a survey by the Pew Research Center. And those interviewed expressed support for a variety of policy approaches aimed at addressing the problem.
It’s the degree of change that tends to primarily divide young Americans with a long life ahead of them, who may hear the clock ticking to climate change, and their older parents or colleagues who may also consider the cost, convenience, warmer retirement destinations and other life-defining changes are sure to come with an aggressive response to climate change.
Overall, the Pew study found that the public has a limited appetite for some of the most dramatic proposed changes in energy use, such as phasing out the use of NG00 fossil fuels,
entirely or halt gasoline vehicle production by 2035, and only push TSLA electric or hybrid vehicles,
Notably, many automakers are well on their way to adding EV options to their lineups.
The Pew survey found that members of Generation Z (born after 1996), as well as Millennials (those born between 1981 and 1996), are more open than older Americans to some of the more far-reaching political proposals related to the climate change.
Morningstar’s Sarah Newcomb, director of financial psychology, also joined the panel. She pointed out that intentional listening can be the most generous offer at any table.
“Be really curious, ask them questions, start listening,” she said of the conversations that don’t go the way that people who are open-minded about climate change action and practices sustainable business awaited.
“Don’t worry about trying to fix, think about how to connect,” Newcomb advised. “ESG investors…are generally also supportive of diversity and inclusiveness. And I think that can be a really good exercise in being inclusive in your heart when there’s a diversity of thought.
Read also : Skip the Politics at Thanksgiving Dinner and Discuss These Current Financial Issues Instead