Why Divesting Away from Brown Firms May Actually Be Harmful

Ignoring brown firms means ignoring a firm type that is most likely to develop new green technology./nDivesting away from brown firms can push them towards financial distress and short-term survival, making them less future-oriented./nBrown firms pollute significantly more than green firms and even a small reduction in their emissions can have a greater positive impact on the environment than a large reduction by a green firm.