Make the Market Work For People and Planet
Imagine for a moment that Earth is a business. Planet Earth Ltd. is an integrated global conglomerate, providing products and services to customers all over the world. It’s been in business a long time, with such huge capital accounts that
A New Chapter for UK Financial Services, and It’s Green!
Rishi Sunak, Chancellor of the Exchequer, grabbed attention on Monday, November 9th when he took to the floor of parliament to announce the new finance plans for the UK. He began by crediting the financial services industry, speaking to a new-found
Singapore Making Leaps In Green Finance
On October 13th, Ravi Menon, managing director of the Monetary Authority of Singapore, had some promising news to share. Menon took (virtual) center stage as the key-note speaker of the Financial Times ‘Investing for Good’ digital conference. The announcement was the
An Increase in Coastal Flooding Threatens the Global Economy
According to a new study, coastal flooding is set to rise by 52% throughout this century and threaten the global economy, risking assets worth 20% of global GDP, adding to concerns about how the climate crisis will affect the social and
Polluting Companies Likely To Lose Half Their Value Due To Climate Change
A UN-backed investor network report has warned that policies to tackle the climate crisis will result in ‘dramatic changes’ to the value of companies by 2025, with the biggest polluters hardest hit and the greenest companies boosted. According to the forecast
Finance Industry Takes a Stand for the Environment
Sustainable finance has gone through a spectacular growth trajectory over the past decade – its adoption as a standard practice by most major asset managers and banks has served to perpetuate this boom as a transformative force in the financial
How Honest is Green Finance? A Look into Goldman Sachs
I woke up with an email in my inbox. My stepmother had read an article on firms that have adopted “green” and innovative approaches to Finance and of course, she thought of me. In this case, the approach was planting
Adapt and Innovate: How Business and Finance Can Lead Positive Change
Bain Capital Double Impact’s Deval Patrick and Patagonia’s Rose Marcario Share How Business Can Build an Inclusive and Regenerative Economy This article is part of an editorial collaboration with BCorporation. The BCorp Series can be found here. The original publication can be found here. Rose
The Implementation of Corporate Social Responsibility
If a company only pays attention to maximizing profits and neglects its social responsibility, it may eventually bring negative events to society. These issues can be related to food safety, environmental pollution, tax evasion, and so on. As a result,
Climate Strategies in Banking: How the World’s Largest Banks Address Climate Change
Retail banks are exposed to many climate-related risks through the diverse range of sectors they finance to generate profit. Despite alarming evidence of climate risks increasingly having a negative effect on companies, many global banks continue to finance carbon-intensive activities
Origin Capital: Financing Women to Improve Communities
Women in developing countries are generally well-served by microfinance institutions. As a result, women-run livelihood businesses make up a good chunk of the typical microfinance portfolio. However, when it comes to larger loan sizes, the number of female borrowers drops
Beware of Greenwashing in Finance
Green finance, the primary way for the financial industry to promote environmental protection and sustainable economic and social development, faces greenwashing. This means that low-cost funds from green financing are used for non-green projects. This article starts with the explanation of the