Standard Life announced the other week that they will be removing airline stocks from their socially responsible funds, pigeon holing them as environmental bad guys, right beside the animal testers, tobacco companies and weapon manufacturers. Dave Demerjian from Wired asks if this isn’t just an easy fix for Standard Life, a headline that will green their image.
We have to remember that although airlines produce 3% of the world’s carbon emissions, they are making efforts to clean up their act. What about the environmental impact of other companies in the fund? How deep is Standard Life prepared to dig?
Dermerjian also asks the question, how will Standard Life execs being traveling around to all their important business meetings, electric car or airplane? Are they being hypocrites?
Read More At Wired
Investment Firm Removes Airline Stocks From Its Socially Responsible Fund.