To the Editor:
Following on Auden Schendler’s January 24th piece calling for Bowdoin to take action on climate change, I am writing to express my strong support for his arguments.
I first advocated Bowdoin take steps in this direction when I was editor of the Orient in the mid-1990s.
Reading Auden’s article brought home how little has been done since I wrote those editorials.
My hope is that the College will take steps in three areas: minimizing its own environmental footprint, building a leading edge sustainability curriculum, and investing the endowment with a sustainability focus.
Since I am the co-founder of a fund that invests primarily in clean energy companies, I will add a reference that the Board may want to review the next time it allocates to new fund managers.
There is a recent essay in the book “Evolutions in Sustainable Investment” about the investment philosophy of Generation Investment Management, founded in 2004 by former Goldman Sachs executive David Blood and former Vice President Al Gore.
By March 2011, the authors found, the firm's Global Equity Fund "had delivered a positive 17.38 percent outperformance over the benchmark since inception in the middle of 2008."
We are fortunate to live in a time when we as investors can do good at the same time as doing well.
Zeb Rice ’94
Managing Partner at Angeleno Group, LLC