Jordan Waldrep, CIO of TrueMark Investments, looks at the challenges of materially reducing the carbon footprint of an investment portfolio. He says most of the biggest and popular ESG ETFs are not significantly better in terms of greenhouse gas emissions than the parent index they are meant to be improvements upon. Jordan proposes a simple approach to reducing the carbon footprint whilst maintaining exposure to the underlying index.

Jordan Waldrep, CFA, is Principal and Chief Investment Officer at TrueMark Investments. He has been in the investment management industry for over 16 years. Prior to joining TrueMark Investments, Jordan was most recently at USA Mutuals, working as a portfolio manager for multiple funds. Prior to that, he was the portfolio manager for a pair of long equity portfolios at Blackfin Capital and a principal at Hourglass Capital providing research for a long-short hedge fund. Jordan received his MBA in Finance from the University of Texas, McCombs School of Business in 2004 and his bachelor’s degree in Biology and History from Texas A&M University in 1999.