Global hopes were firmly pinned on 2021 as the year we’d experience a collective “return to normal.” Instead, the world saw new coronavirus strains, extreme weather, democracy under threat, human rights abuses, and more. It became even clearer to us that striving for normal isn’t enough; we need to strive for better.
Fortunately, we have an amazing community of impact-minded individuals committed to using every tool at their disposal in an effort to drive positive change. Here’s a brief look back on how our investment community rallied to make a difference last year:
Ethic clients curbed their collective carbon footprint in 2021… 🌍
As of year end 2021, Ethic clients had collectively reduced their carbon dioxide ownership by a total of 88,978 metric tons (compared to an equivalent investment in our clients' combined benchmark indexes). This is as much carbon dioxide emissions as would be generated* by:
- 10,012,153 gallons of gasoline consumption ⛽️or
- 223,619,320 miles driven by an average passenger vehicle 🚗or
- 10,715 homes’ energy usage for the year ⚡️
…and also made their voices heard 🗣
The Ethic community includes active and engaged shareholders. Last year, clients used their proxy voting rights to have a say on the issues most important to them—this included pushes for greater transparency around companies’ board diversity, climate risks, and political spending.
In 2021, Ethic clients voted on 21,420 proposals across 1,981 companies.
Ethic also experienced a bit of a growth spurt…
We went from strength to strength in 2021, attracting more impact-minded investors and mission-driven talent. By year end, our team had expanded to 57 full-timers (that’s an increase of more than 78 percent!) and we boosted assets on our platform to $1.7 billion as of year end.
As ever, we're grateful for the support of our community. Here's to more big things in the year ahead!
* Equivalencies from United States Environmental Protection Agency. (2022, January 11). Greenhouse Gas Equivalencies Calculator. US EPA. https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator