We post here the response of Allen White, Director, Corporation 20/20 and Senior Fellow, Tellus Institute, to John Fullerton's recent blog post reviewing Generation Investments' white paper, Sustainable Capitalism.
Co-authored by Peter Malik, Director of Center for Market Innovation at the NRDC
This is what the fight over Stranding Assets will look like.
We were very pleased to read Al Gore and David Blood’s “Manifesto for Sustainable Capitalism” in the WSJ last week. It called for “a framework that seeks to maximize long-term economic value by reforming markets to address real needs while integrating environmental, social and governance (ESG) metrics throughout the decision-making process.” Companies that integrate sustainability into their business models and investors who evaluate them on that basis, the manifesto claims, are finding their profitability enhanced over the longer term.