For Colorado-based Doug Spencer, the devastating floods that recently hit Yellowstone National Park presented compelling evidence for his conviction that investing with an ESG (environmental, social and governance) lens has never been more important.
Like many wealthy investors, Spencer, who is on the park’s board, is undeterred by Russia’s invasion of Ukraine, soaring inflation or oil price spikes. If anything, the turmoil has prompted Spencer, a philanthropist and full-time impact investor, to increase his commitment.
“In the past year, I’ve doubled down on my alternative energy investments and investments in climate solutions,” he says. “And not just solar and wind but a broad portfolio.”