Air pollution is a negative externality, meaning it’s an unintended consequence of corporate activity that impacts public health. Today, people in areas with higher air pollution are at increased risk of respiratory illness, so pollution is exacerbating the effects of COVID-19. In the latest ESJay, I discuss how the companies in your portfolio may be worsening air pollution and community health.
Jay Lipman, a co-founder of Ethic, is driven by the need to address climate and environmental risks with the resources to which we each have unique access. He has been ranked among the Forbes 30 Under 30: Social Entrepreneurs. Born in the UK, he now lives in San Francisco. Previously, he managed the capital of ultra-high-net-worth investors in Deutsche Bank's cross-asset capital markets structuring and sales team.