Conservatives on East Sussex County Council challenged to “green up" their investments


james_maccleary02_600.jpgLiberal Democrat County Councillor, James MacCleary, has called on East Sussex County Council to green up their investments by buying Environment, Social and Governance (ESG) products.

Cllr MacCleary explains:

“All councils publish a strategy each year which outlines how they intend to invest public money. At the County Council’s budget meeting on 8 February, I asked the council to support their efforts to address the climate emergency by investigating making greater use of ESG investments.

"Many councils across the country of all political colours, including locally in Lewes District, are moving investments into more sustainable choices.

"I have supported protests outside County Hall calling for pension fund divestment, but the council's investment strategy can also be used to move towards investments that support environmental projects and bring social good. It can also be done more quickly.

The council's current strategy is to just look at opportunities as they arrive but that is far too passive. If the council wants to show that it is serious then they need to prioritise these sorts of investments. I hope the council will give this proper consideration this as it is the sort of serious, pragmatic change that can benefit public finances and drive the finance sector towards more ethical investment choices."

Conservatives on the County Council rejected Cllr MacCleary’s suggestion and refused to investigate the use of ESG investments.


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