Today's guest is Zach Stein, Co-Founder & CEO of Carbon Collective.
Carbon Collective is a sustainable investing platform that provides low-fee, diversified portfolios built for solving climate change. Zach and his co-founder, James, saw a gap in the climate investing market. There were avenues for wealthy people to invest in climate startups directly. Still, the existing paths don't have a climate impact for the average American who wants to invest their 401K, IRA, or general savings. That's where Carbon Collective comes in. Carbon Collective is not an ESG fund. Instead, the startup focuses on divesting from the sectors dependent on fossil fuels, reinvesting that share in companies building solutions, and vote and pressuring the remaining parts of the stock market to decarbonize as quickly as possible. And make it an attractive investment by making it cost the same and with a similar diversity as generic options.
Zach is a serial founder. Before co-founding Carbon Collective, he spent seven years as the CEO and co-founder of Osmo Systems, a company using novel sensing technology to help fish and shrimp farms be less wasteful. He was also the founder and retail director for Urban Worm, a worm farm in the Bay Area. Zach holds a BA in psychology from Hamilton College.
In this episode, Zach walks me through Carbon Collective, how the company was founded, and what sets the startup apart from its competitors. We also have a lively discussion about ESG investing, why it is falling short for the climate, and why divesting in fossil fuels is the future. Zach is a wonderful guest, and it was great to learn more about Carbon Collective.
Enjoy the show!
You can find me on twitter @jjacobs22 or @mcjpod and email at info@myclimatejourney.co, where I encourage you to share your feedback on episodes and suggestions for future topics or guests.
Episode recorded October 4th, 2021
To learn more about Carbon Collective, visit: https://www.carboncollective.co/
To learn more about this episode, visit: https://myclimatejourney.co/ctss-episodes/carbon-collective
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*Editing and post-production work for this episode was provided by The Podcast Consultant