Daily Stock Market Reports

Young workers prefer to work for companies with climate change policies

BOSTON — Despite a labor shortage that has companies desperately looking to hire and an economy wreaking havoc on bank accounts, young people are increasingly hesitant — or outright against — working for a firm that does not have climate-friendly policies. 

The cultural shift in attitudes from that of prior generations shows that Gen Z and younger millennials are factoring in more than just wealth when making life decisions. 

Earlier this month, the Boston Foundation held a virtual forum to analyze the Inaugural Boston Climate Progress Report conducted by Northeastern University researchers. They found that Boston is on the path to failure to achieve its key climate goal: net-zero greenhouse gas emissions by 2050. 

Maggie Phelan poses at the Cape Cod 5 bank headquarters on Wednesday. She chose to work at the bank because of its climate change related policies and benefits.

Chris Cook, executive director of the Rose Kennedy Greenway in Boston, said the onus should not just be on individual action, large corporations should also carry their weight.

“I think it’s something you need to be accountable for, just like you have to be accountable for racial justice,” said Cook, formerly Boston’s chief of environment, energy and open space. “So as a business model, it’s practical.” 

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