535 Americans returned from a month-long vacation recently, only to find they had a month to avoid something that could cost the economy billions of dollars. We’re talking, of course, about the threat of a government shutdown.
Category: Investment & Markets
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The landscape of climate-oriented finance, says Sean Penrith, executive director of the Climate Trust, can be boiled down to one overwhelming message: Just get out there and do it!
Most endowments are the result of wealthy individuals setting aside money for a particular cause or set of causes. Or, in the case of universities, it is the result of an accumulation of donations and grants. So, it makes sense that we don’t have thousands of massive endowments. On the other hand, we have witnessed numerous injections of capital into the economy by the federal government in the form of stimulus packages and quantitative easing. So, why don’t we have more big endowments?
What will it take to pivot to aggressive investment in a better future? We need sustainable investment practitioners to shift from “less bad” to “more good.” Less money into companies tidying up things on the business-as-usual vector, and more money into new businesses or models that design for a sustainable future. Less GM, more Tesla.
Pico-solar lighting and solar home systems have proved themselves as revolutionary entry-level energy access technologies for low-income rural communities. These technologies have kick-started a base-of-the-pyramid push toward energy independence, and it is critical to continue this forward momentum in order to deliver a real long-term solution for rural energy and water access.
The painful truth is that solving the problems of human and environmental disease is one of the only guaranteed growth industries. That may sound like a dismal pronouncement, but I also see it as the greatest opportunity of our time.
Rankings are all about who’s on top, and who wants to be. The world needs every business to be a good corporate citizen. Is Fortune’s Change The World companies list as good as it gets?
Call it a poorly planned intersection of values and subscription marketing, but Consumer Reports’ banner rating of the new Tesla Model S didn’t wow some readers. Can we actually say “prostitute” on air? They did.
The American Egg Board has egg on its face, and it isn’t pretty. Especially when you consider the millions of U.S. consumers that stand to lose if products like Just Mayo were actually taken off the shelves.
Citibank’s new report says investing in low-carbon energy now would save everyone $1.8 trillion. In contrast, if everyone sits on the couch, eats potato chips, watches Netflix and waits until 2060 to take action, it will cost an additional $44 trillion.
Indonesia set new goals for 2030, and they call for aggressive changes in its emissions policies. With a new coal plant underway and more than 50 percent of its emissions due to deforestation and peat burn, some are asking whether those new goals will indeed be realistic.
“All businesses, like humans, fight death. And fight [the fossil fuel industry] will, with all the considerable power they have,” Paul Gilding, former executive director of Greenpeace International, wrote in Australia’s REnewEconomy. “But in the end, the fossil fuel giants have no strategy that involves fossil fuels which makes any business or economic sense.”
Climate change economics is emerging as a disruptive mega-trend driven by estimates that the cost of global climate change will reach a staggering $72 trillion. Obesity is now projected to carry a global economic cost of more than $100 trillion during the 21st century. In response to these alarming economic realities, a revolution is stirring in who customers buy from, the way investors allocate funds and the companies set to rise to the top.
Today’s business leaders must be ready to keep up with the curve-balls the 21st century is poised to throw at them, from shifting economic landscapes to a changing climate. Jamie Bohan, a recent graduate of the Executive Master’s in Sustainability & Leadership (EMSL) program at ASU, took notice of this after ending a 20-year stint at Honeywell to manage the sustainability department of waste service company Republic Services.
World Water Week is going on right now in Stockholm, Sweden. This year marks the 25th edition of the annual international event aimed at calling attention to issues surrounding water. A new tracking tool was launched at the event that may help businesses rethink water risk.