By Orietta Ramírez, Public Affairs Manager at Green Leader
In an increasingly environmentally conscious world, our everyday actions are being scrutinized more closely than ever before. From the food we eat to the cars we drive, (nearly) everyone is looking for ways to reduce our impact on the planet. But have you ever wondered how green your money is? What about the financial decisions we make and how they affect the environment?
The truth is, our financial choices can be just as powerful as our recycling habits or our decision to use reusable bags. More and more people are realizing that money can be a force for positive change, not only in terms of how we spend it, but also in terms of how we invest it.
In this interconnected world, our investments can have a global impact. By investing in companies that are committed to sustainable and responsible practices, we are contributing to the building of a greener future.
It is important to understand that financial decisions are not just a matter of numbers, but they have real consequences in the natural world around us. For example, investing in green mining can not only generate attractive financial returns, but it also aims to contribute to the transition to clean technologies and reduce greenhouse gas emissions.
Chile: The First of America...
After the signing of the Paris Agreement in 2015 and its update in 2020 with the Nationally Determined Contribution (NDC), the Ministry of Finance and the Ministry of the Environment collaborated to develop a Financial Strategy against Climate Change. In this way, Chile became the pioneer in America by launching green bonds, a tool that facilitates investment in green assets. This initiative has not only boosted financial development, but it has also fostered national financial innovation.
And the first in the world
In the same vein, according to the latest report by Climatescope Sustainable Mobility, Chile ranks first in the world among emerging markets with the greatest potential for sustainable investment, thanks to its diversified energy matrix where more than half of its generation (54%) comes from renewable sources, positioning itself above India, Western China, and Colombia, among others. Meanwhile, in transportation, our country ranks fourth, behind China, India, and Romania, and first in Latin America.
So, next time you ask yourself what to do with your money, consider not only the potential financial returns, but also the impact that your decisions can have on the world. Every peso we invest in sustainable practices is a vote for a healthier and more sustainable planet. By making responsible financial choices, we not only secure our economic future, but we also contribute to building a better world for all. So, how green is your money? The answer depends on the decisions you make today.
