Business Commons^™

Fossil Fuel Asset Risk Analysis: Clark University Endowment, Travis A. Dodge, B. Maiwand Akbari

Student Works

The environmental and social risks of climate change are well known and perhaps inevitable. The economic and financial risks are less so. The many financial risks associated with climate change embedded in endowment portfolio fossil fuel holdings are leading many institutional stakeholders to enter into dialogue and take action. Divestment is emerging as an effective strategy for limiting portfolio exposure and tackling climate change itself.

Our team’s goals were to assess whether the Clark University endowment portfolio faces any of these risks and evaluate the impacts on asset values. Our findings show that the Clark endowment does face these same …

Water-Based Strategies For Making The Small Beverage Industry In New England More Sustainable And Climate-Change Resilient, Michelle Kozminski

International Development, Community and Environment (IDCE)

Water is a vital resource to the ecosystem, human life, and the economy. However, it is a limited resource that is threatened by a changing climate. The small beverage industry relies on large amounts of high quality water and is therefore at risk due to the uncertainties of climate change. This paper explores how the small beverage industry in New England approaches water to ensure that the industry is sustainable in the long term. A water threatened brewery in California, Sierra Nevada Brewing Company, is used to determine “best practices.” Three small beverage companies in New England are examined to …

Shareholder Advocacy In Corporate Elections: Case Studies In Proxy Voting Websites For Retail Investors, Robin Miller

International Development, Community and Environment (IDCE)

One of the key rights shareholders retain is the right to vote on issues affecting the companies in which they invest. This voting right is seen as one of the primary means of exercising diligent corporate governance (Cole 2003, Fairfax 2009). Only 28 percent of individual investors vote in corporate elections compared with 91 percent of institutional investors. Informed voting decisions at corporate elections can be very information intensive, and theories of rational apathy and the free rider problem may explain a lack of participation from individual investors.

Many shareholders cannot attend annual corporate meetings, so they …