It’s officially election season, and (surprise) we’re off to a terrific start. There are plenty of very real short and medium term issues for the candidates to mold their ideologies around. Most notably, like much of the so-called “developed world,” the US has a jobs crisis, both in quantity and quality, that challenges modern capitalism for answers it does not have.
Yet at the same time, there is of course the undeniably accelerating crisis of human civilization, looming ever more visible on the horizon.
Isaac was no Katrina, but this year’s heat records and subsequent drought across the Western United States give new meaning to the phrase “red state,” as this map nicely illuminates:
International Monetary Fund (IMF) Managing Director Christine Lagarde at Center for Global Development, Washington DC.
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
Capital Institute spoke recently with Steve Waygood, Head of Sustainability Research at Aviva Investors, to learn more about the advocacy work the company— with $433 billion in assets under management—has undertaken to advance the cause of more transparent reporting and management of sustainability risk. We also talked with Waygood about how Aviva Investors has embedded sustainability practices into its own operations, his broad concerns about the flawed methodologies that are currently used to value corporate assets and profitability, and the role both policymakers and the private sector need to play in addressing those flaws.
We spoke last week with Ted Howard, co-founder with Gar Alperovitz of the Democracy Collaborative and a key strategist of The Evergreen Cooperatives, the subject of our second Field Guide to Investing in a Regenerative Economy study. Evergreen is a remarkable experiment in anchor-institution-based cooperative enterprise, rooted in sustainable practices and dedicated to true wealth building in inner city Cleveland.
“We simply can't continue as if business as usual was the cheapest solution. It is not."
—European Union Commissioner for Climate Action Connie Hedegaard
I was honored to join Majora Carter, Eban Goodstein, and Elysa Hammond at the launch of Bard College's new MBA in Sustainability last week to discuss how finance has been a major factor driving our ecological and social crises and how fixing finance must be a part of the solution. The ideas I presented - an all hands on deck, bottom-up and top-down/systemic approach to sustainable finance - are at the core of a new finance curriculum the Capital Institute is helping Bard design. Below are the slides from my address. For more information on the MBA in Sustainability program, visit http://www.bard.edu/mba/.
Capital Institute fellow Liana Scobie has taken a job at the innovative company TerraCycle and has sent us these thoughts from the field on how their work is making a real diferences in the core areas of Capital Institute's focus - sustainability for a full world and a more equitable distribution of wealth.
Proof That It Is Working
On January 12, 60 employees at TerraCycle stopped their regular work to stuff 3,500 charitable donation checks into envelopes.