Yesterday the UN released its gloomy report on climate change and today we learned ½ of this year’s Nobel for Economics is going to William D. Nordhaus, the author of a paper called Global Warming Economics.
Today, most companies tout their green cred. It is not so easy to parse an investment that's genuinely good for the planet.
One company though that tops our list is Salesforce.Com, Inc. (ticker: CRM). Last year, CRM achieved its goal of net-zero greenhouse gas emissions. It provides a carbon-neutral computing cloud for its customers and its multi-tenant cloud architecture is 50x more energy efficient than similar traditional software.
And CRM makes cents - lots of it. Since CRM started trading in 2004, it has increased in value by 5,323%. This is about 15x more than the growth of the Nasdaq and 22x more than the rise of the S&P500.
Nordhaus just won the Nobel for his research and innovation in carbon credits. CRM also uses these credits to help offset emissions.
Now that’s some eco-nomics we can take to the bank.
Weekly Update through October 5, 2018 The S&P 500 lost -95bps, even as the Dow Jones was flat, the Russell 2000 was down -3.78%, and the Nasdaq declined -3.18%.
As for US bonds, they dropped -94bps.
Globally, the MSCI World Index lost -1.47% and the Barclays Global Aggregate Bond Index declined -1.05%.
The Euro Stoxx 50 lost -1.58% in local-currency (Euro) and -2.44% in USD. Meanwhile, the Topix declined -1.35% local-currency (Yen) and -1.48% in USD.
