A new social media platform – The Vital Few - allows people to take back control of their future and make sure their pension funds are investing in ways that help tackle climate change.
This presentation summarises the results from world’s first global climate investment index showing how the world’s biggest investors, including superannuation funds, are managing climate risk.
For more information visit www.climateinstitute.org.au/articles/publications/aodp-global-climate-index-2012-results.html
Australia will face significant human and economic costs because its infrastructure is poorly equipped to handle more frequent extreme weather events and other consequences of climate change.
A new report by The Climate Institute, Coming Ready or Not: Managing climate risks to Australia’s infrastructure, gathers research on the physical impacts and consequences of climate change on major infrastructure across the property, electricity, road and rail and finance sectors. It examines the preparedness of businesses and governments to manage these risks and the steps needed to improve Australia’s climate readiness.
This document discusses how large institutional investors, as universal owners of diversified portfolios, are exposed to significant costs from environmental damage caused by the companies in their portfolios. It estimates that the annual global costs of environmental damage equal $6.6 trillion or 11% of global GDP in 2008. The top 3,000 publicly listed companies alone cause over $2.15 trillion in environmental costs annually, representing over 50% of their combined earnings. These externalities pose financial risks to investors by reducing future company cash flows and portfolio returns over the long term.
This document summarizes the contributions and support provided for a research project on the implications of climate change scenarios for strategic asset allocation. It thanks the participating organizations and individuals that supported the project. It also includes quotes from several partners on why their organizations participated in the research and its importance. The quotes emphasize that climate change poses significant financial and economic risks for long-term investors and understanding its impacts on investments is crucial for fulfilling fiduciary duties. The research aims to help shape strategic thinking and better integrate climate change into investment programs, policies and risk management.
This presentation summarises The Climate Institute’s report, Global Climate Leadership Review 2013. It provides an overview of Australian climate policy in a global context, as well as elaborating on the implications of global climate diplomacy and domestic actions for Australia. For more information, visit http://www.climateinstitute.org.au/global-climate-leadership-review-2013.html.
Climate exposure is defined as the potential gains or losses in an investor’s portfolio due to climate change. It encapsulates both climate-related financial risks as well as opportunities. Though climate exposure has many components, it can be divided into three broad subcategories: • Policy and legal exposure: The financial effects of policies designed to mitigate climate change (e.g., carbon pricing schemes) or policies designed to adapt to it (e.g., water management infrastructure and rationing) (Burton, Diringer, and Smith 2006); or litigation or adjudication related to climate change (Massachusetts v. Environmental Protection Agency 2007; Guyatt et al. 2011). • Physical and ecological exposure: The financial implications of changes to earth’s ecosystems. For example: the costs of shorter and warmer winters on the ski industry (Bebb 2015); the financial impacts of hotter weather on agricultural yields; or the economic consequences of severe weather/climatic events (e.g., Hurricane Sandy) that disrupt human economic activity. • Market and economic exposure: Human responses to the aforementioned policy and ecological changes that will reshape businesses, industries, economies, and markets (e.g., growth in clean energy technologies that threaten the fossil fuel industry) (Guyatt et al. 2011).
Paradigm shift a survey of key natural resources cahllengessDr Lendy Spires
1. The speaker discusses the need for a new paradigm in natural resource decision-making that fully considers balancing environmental, social, and economic benefits.
2. He asserts that some regional agreements, certification systems, and public-private partnerships are beginning to test this new collaborative approach.
3. Addressing major challenges like urgency, complexity, and need for innovation will require "Sustainability 3.0" - collaborative leadership across sectors to develop solutions.
This presentation summarises the results from world’s first global climate investment index showing how the world’s biggest investors, including superannuation funds, are managing climate risk.
For more information visit www.climateinstitute.org.au/articles/publications/aodp-global-climate-index-2012-results.html
Australia will face significant human and economic costs because its infrastructure is poorly equipped to handle more frequent extreme weather events and other consequences of climate change.
A new report by The Climate Institute, Coming Ready or Not: Managing climate risks to Australia’s infrastructure, gathers research on the physical impacts and consequences of climate change on major infrastructure across the property, electricity, road and rail and finance sectors. It examines the preparedness of businesses and governments to manage these risks and the steps needed to improve Australia’s climate readiness.
This document discusses how large institutional investors, as universal owners of diversified portfolios, are exposed to significant costs from environmental damage caused by the companies in their portfolios. It estimates that the annual global costs of environmental damage equal $6.6 trillion or 11% of global GDP in 2008. The top 3,000 publicly listed companies alone cause over $2.15 trillion in environmental costs annually, representing over 50% of their combined earnings. These externalities pose financial risks to investors by reducing future company cash flows and portfolio returns over the long term.
This document summarizes the contributions and support provided for a research project on the implications of climate change scenarios for strategic asset allocation. It thanks the participating organizations and individuals that supported the project. It also includes quotes from several partners on why their organizations participated in the research and its importance. The quotes emphasize that climate change poses significant financial and economic risks for long-term investors and understanding its impacts on investments is crucial for fulfilling fiduciary duties. The research aims to help shape strategic thinking and better integrate climate change into investment programs, policies and risk management.
This presentation summarises The Climate Institute’s report, Global Climate Leadership Review 2013. It provides an overview of Australian climate policy in a global context, as well as elaborating on the implications of global climate diplomacy and domestic actions for Australia. For more information, visit http://www.climateinstitute.org.au/global-climate-leadership-review-2013.html.
Climate exposure is defined as the potential gains or losses in an investor’s portfolio due to climate change. It encapsulates both climate-related financial risks as well as opportunities. Though climate exposure has many components, it can be divided into three broad subcategories: • Policy and legal exposure: The financial effects of policies designed to mitigate climate change (e.g., carbon pricing schemes) or policies designed to adapt to it (e.g., water management infrastructure and rationing) (Burton, Diringer, and Smith 2006); or litigation or adjudication related to climate change (Massachusetts v. Environmental Protection Agency 2007; Guyatt et al. 2011). • Physical and ecological exposure: The financial implications of changes to earth’s ecosystems. For example: the costs of shorter and warmer winters on the ski industry (Bebb 2015); the financial impacts of hotter weather on agricultural yields; or the economic consequences of severe weather/climatic events (e.g., Hurricane Sandy) that disrupt human economic activity. • Market and economic exposure: Human responses to the aforementioned policy and ecological changes that will reshape businesses, industries, economies, and markets (e.g., growth in clean energy technologies that threaten the fossil fuel industry) (Guyatt et al. 2011).
Paradigm shift a survey of key natural resources cahllengessDr Lendy Spires
1. The speaker discusses the need for a new paradigm in natural resource decision-making that fully considers balancing environmental, social, and economic benefits.
2. He asserts that some regional agreements, certification systems, and public-private partnerships are beginning to test this new collaborative approach.
3. Addressing major challenges like urgency, complexity, and need for innovation will require "Sustainability 3.0" - collaborative leadership across sectors to develop solutions.
The Global Climate Leadership Review is an annual report that evaluates countries' leadership on climate change issues. It finds that Australia ranks poorly compared to other developed countries in terms of its capacity for a low-carbon economy. While Australia's Clean Energy Future package is a step forward, the report recommends that Australia commit to stronger emissions reductions under a new Kyoto agreement and pursue trading partnerships with other countries to boost global climate ambition.
Professor and 2009 Nobel Laureate Elinor Ostrom kindly let us upload her key-note presentation, which took place during the "Climate Change Policy" Conference at the UNAM University in Mexico City the 8th of May.
As the recent National Climate Assessment made clear, extreme weather events—including heat waves, drought, tropical storms, high winds, storm surges, and heavy downpours—are becoming more severe. In many places these risks are projected to increase substantially due to rising sea levels and evolving development patterns, affecting the safety, health, and economy of entire communities. Extreme weather events like Hurricane Sandy have made it clear that we remain vulnerable to such events in spite of advances in disaster preparedness. American communities cannot effectively reduce their risks and vulnerabilities without including future extreme events and other impacts of climate change in their planning both before and after a disaster, and in everyday decision-making.
This document proposes new foundational principles for portfolio management that address shortcomings of Modern Portfolio Theory. It argues MPT relies on unrealistic assumptions about risk, perpetual growth, and utility. A new principle of "Integrated Risk" is presented which considers externalities like ecological limits not captured by traditional risk measures. It also questions assuming perpetual growth and argues utility goes beyond just financial returns. The document concludes current practices need rethinking and these principles could form a better foundation.
This presentation summarises The Climate Institute’s report, Climate Smart Super: Understanding Superannuation & Climate Risk, which examines the impact of climate and carbon risks on retirement and superannuation savings, especially in Australia. Superannuation funds are often Australians’ biggest or second biggest asset but until now very few have had accessible information enabling them to take an active role in managing that asset against climate and carbon policy risks. This report (and presentation) offers a number of simple steps to assist people to engage with their super funds so that they can move from being accidental to active investors and start challenging the dangerous short term focus in business and politics that threatens retirement savings. For more information, visit www.climateinstitute.org.au/climate-smart-super.html
This document is a statement signed by 347 institutional investors representing over $24 trillion in assets expressing concern about the financial risks of climate change and calling for stronger climate policies and investments in low-carbon technologies. It outlines how investors can increase low-carbon investments through identifying opportunities, engaging companies, and calling for policies like carbon pricing, renewable energy support, and fossil fuel subsidy phase outs.
Globalization has empowered local communities affected by resource development projects to demand more benefits and influence over projects. This phenomenon of "resource localism" has led to increasing delays and cancellations of projects as companies failed to adequately address community expectations. To successfully develop resources, companies must shift their focus from technical and environmental issues to proactively managing social impacts and ensuring sustainable benefits for local communities from the earliest stages of project planning through completion. Failing to engage and work with project-affected communities to establish realistic expectations risks costly delays if commodity prices improve and social opposition intensifies.
Can humanity achieve a sustainable balance within our closed ecosystem, or have we reached the point where that vision is just another example of the hubris of human exceptionalism? Is it time to switch our focus from sustainability to one of resilience in the face of societal collapse and industrial decline?
Green_Investment_Bank_Model FINAL 11-13-16andreweil
The document discusses the need to scale up climate finance and investment in low-carbon and climate-resilient infrastructure in emerging markets. It introduces Green Investment Banks (GIBs) as specialized financing institutions that could help meet this need by crowding in private capital. GIBs have commonly included being purpose-built for local markets, having a narrow climate focus, and blending public and private funds. The document argues that GIBs could help countries achieve climate goals, be loci of financial innovation, and partner with international climate finance institutions. However, GIBs would need to be part of broader solutions and technical assistance given market barriers in developing contexts.
The document summarizes a discussion from a Stockholm futurists meetup about the concepts of "abundance" and "limits to growth". It outlines Peter Diamandis' view of an abundant future driven by exponential technology versus Paul Gilding's argument for "The Great Disruption" due to planetary limits. The two perspectives map to Jim Dator's "continuation" and "collapse" generic futures. The discussion explores which view to trust given different scientists' assumptions, how values may shift from growth to sufficiency, and whether new technologies appear cool or creepy.
22. TCI Climate of the Nation Flagship Report 2012Richard Plumpton
This document summarizes the findings of a report on Australian attitudes toward climate change in 2012. It was conducted through focus groups and surveys between April and May 2012, a time of highly politicized debate around climate change policies in Australia. The research found that Australians were uncertain about the science of climate change, unconvinced by carbon pricing solutions due to fears over rising costs of living, and had lost confidence in experts and governments on the issue. However, attitudes remained fluid and could still be influenced on both the reality and solutions regarding climate change.
Since 2007, The Climate Institute has conducted comprehensive quantitative and qualitative research into Australian attitudes to climate change and its solutions. We have published a number of Climate of the Nation reports and aim to publish annual mid-year reports to track evolving attitudes and actions.
More information can be found on The Climate institute's website:
www.climateinstitute.org.au/climate-of-the-nation-2012.html
The document discusses how humanity's demand on ecological resources exceeds what the Earth can regenerate, putting sustainability at risk. It proposes "shrink and share" scenarios to reduce humanity's ecological footprint and balance it with the planet's biocapacity. A key approach is "Eco-Insurance," which would see small voluntary premiums paid into a fund to invest over $100 billion per year in stabilizing ecosystems by 2025. This internalizes principles like precaution and equity to stimulate sustainable behavior and a shared sustainable future for all.
The Earth's ability to sustain life for all is threatened by global overshoot: human demand exceeding the regenerative capacity of the biosphere. Today, it takes one year and over two months to regenerate what humanity uses.
The document discusses the potential for social finance in Canada by highlighting examples from the US and UK where social finance has created positive social and environmental impacts. It argues that Canada is poised for innovation in social finance due to growing social/environmental pressures and limitations in existing frameworks. A national collaboration called CAUSEWAY aims to enable a Canadian social finance marketplace through changing conversations, developing financial products, and enabling policy support like tax incentives.
Climate Change - An Approach to a One-Australia PolicyRichard Hodge
Climate change is the world\'s biggest political problem, and there is no framework to deal with it.
This proposal examines how a \'systems\' approach can develop a framework for action based on inclusive (not divisive) consideration of all issues.
The unprecedented damage Hurricane Sandy caused along the East Coast of the US, especially to the densely populated New York and New Jersey coastlines, was a wake-up call to the threat that weather events pose to our communities. The world has always been plagued by severe and seemingly intractable problems, including storms, but today, we live with an unprecedented level of disruption.
Things go wrong with more frequency and severity, greater complexity, and with more inter-related effects. No longer can we afford to simply rebuild what existed before. We must begin to rethink our recovery efforts, making sure the damaged region is resilient enough to rebound from future storms.
In order to better protect Sandy-area residents from future climate events the U.S. Department of Housing and Urban Development and President Obama’s Hurricane Sandy Rebuilding Task Force
initiated Rebuild by Design (RBD) to develop fundable solutions that address structural and environmental vulnerabilities throughout the East Coast region. Recognizing the enormity of this challenge, the RBD process has looked beyond traditional solutions, supporting new approaches in architectural design, regional planning and environmental engineering, all of which are set within an innovative process that combines public, philanthropic and private sector resources and knowledge with community participation in a design competition.
IMPACT INVESTING : Perspectives & Dimensions
If you change the place, you change the future*
This Thought Piece applies an academic model to analyse Impact Investing Perspectives & Dimensions. Motivations, preferences & actions to achieve impact investing goals. Its is a classification over three cultures and their interactions demonstrated in trends & events in the evolution of impact investing.
KEY IDEAS of Impact Investing; Doing Well & Doing Good
Investing for return and societal & environmental impact. Investing 'to do good' implies also doing less harm,
the majority of investment market opportunities.
In this post I focus on the Roots of Impact Investing and its present Dimensions: Exclusive Impact Investing, Inclusive Impact Investing and Grass Root Initiatives.
I present critiques of Exclusive Investing, Exclusive Philanthropy and Impact Investing from opponent favoring Systemic Change and Social Order, and my own perspective based on Technological progress and Transparency trends.
This document discusses impact investing, which aims to generate both social/environmental benefits and financial returns. It provides definitions and examples of impact investments, which typically provide capital to social enterprises working on issues like education, health, and sustainability. While still developing, impact investing is growing as more individuals reject choosing only financial returns or donations, and seek investment solutions that create impact. The report explores trends in impact metrics, financing models for social enterprises, and lessons from pioneers in the field.
Legal Viewpoint: Case Studies of VI in MassachusettsEDR
This document summarizes a presentation on environmental due diligence and risk allocation given by Seth D. Jaffe. It discusses how vapor intrusion issues can impact due diligence for real estate transactions and influence risk allocation between buyers and sellers. Recent changes by Massachusetts regulators have introduced more uncertainty around achieving closure for sites with vapor intrusion concerns, disincentivizing property transfers. Common techniques for allocating environmental risks between parties are described, but addressing long-term vapor intrusion issues poses new challenges to negotiating deals.
This document summarizes the key findings of a survey and interviews conducted to understand private sector investments in natural capital. The survey found growing interest from investors in natural capital due to factors like reducing risk, boosting portfolio resilience, and enhancing reputation. Common motivations for investment included resilience against climate change. However, investments in natural capital still represent a small portion of sustainable finance. The document recommends ways to scale up these investments, such as adopting natural capital accounting, developing larger investment vehicles, facilitating through intermediaries, and incentivizing through government policy.
The "Future of Revaluing Ecosystems" meeting brought together 28 experts to explore ways to better measure and manage the world's natural capital and its contributions to human well-being. Key discussions focused on future trends that will influence ecosystem valuation like rising consumption, climate change, and data availability. Scenarios of different trends in 2025 were explored, such as greater ecosystem shocks triggering demand for more sustainable supply chains. Participants also discussed solutions like financial instruments for ecosystem restoration and new ratings agencies to direct capital to ecosystem management. The overall goal was to change perspectives on nature from something sacrificed for development to something that underpins development.
The Global Climate Leadership Review is an annual report that evaluates countries' leadership on climate change issues. It finds that Australia ranks poorly compared to other developed countries in terms of its capacity for a low-carbon economy. While Australia's Clean Energy Future package is a step forward, the report recommends that Australia commit to stronger emissions reductions under a new Kyoto agreement and pursue trading partnerships with other countries to boost global climate ambition.
Professor and 2009 Nobel Laureate Elinor Ostrom kindly let us upload her key-note presentation, which took place during the "Climate Change Policy" Conference at the UNAM University in Mexico City the 8th of May.
As the recent National Climate Assessment made clear, extreme weather events—including heat waves, drought, tropical storms, high winds, storm surges, and heavy downpours—are becoming more severe. In many places these risks are projected to increase substantially due to rising sea levels and evolving development patterns, affecting the safety, health, and economy of entire communities. Extreme weather events like Hurricane Sandy have made it clear that we remain vulnerable to such events in spite of advances in disaster preparedness. American communities cannot effectively reduce their risks and vulnerabilities without including future extreme events and other impacts of climate change in their planning both before and after a disaster, and in everyday decision-making.
This document proposes new foundational principles for portfolio management that address shortcomings of Modern Portfolio Theory. It argues MPT relies on unrealistic assumptions about risk, perpetual growth, and utility. A new principle of "Integrated Risk" is presented which considers externalities like ecological limits not captured by traditional risk measures. It also questions assuming perpetual growth and argues utility goes beyond just financial returns. The document concludes current practices need rethinking and these principles could form a better foundation.
This presentation summarises The Climate Institute’s report, Climate Smart Super: Understanding Superannuation & Climate Risk, which examines the impact of climate and carbon risks on retirement and superannuation savings, especially in Australia. Superannuation funds are often Australians’ biggest or second biggest asset but until now very few have had accessible information enabling them to take an active role in managing that asset against climate and carbon policy risks. This report (and presentation) offers a number of simple steps to assist people to engage with their super funds so that they can move from being accidental to active investors and start challenging the dangerous short term focus in business and politics that threatens retirement savings. For more information, visit www.climateinstitute.org.au/climate-smart-super.html
This document is a statement signed by 347 institutional investors representing over $24 trillion in assets expressing concern about the financial risks of climate change and calling for stronger climate policies and investments in low-carbon technologies. It outlines how investors can increase low-carbon investments through identifying opportunities, engaging companies, and calling for policies like carbon pricing, renewable energy support, and fossil fuel subsidy phase outs.
Globalization has empowered local communities affected by resource development projects to demand more benefits and influence over projects. This phenomenon of "resource localism" has led to increasing delays and cancellations of projects as companies failed to adequately address community expectations. To successfully develop resources, companies must shift their focus from technical and environmental issues to proactively managing social impacts and ensuring sustainable benefits for local communities from the earliest stages of project planning through completion. Failing to engage and work with project-affected communities to establish realistic expectations risks costly delays if commodity prices improve and social opposition intensifies.
Can humanity achieve a sustainable balance within our closed ecosystem, or have we reached the point where that vision is just another example of the hubris of human exceptionalism? Is it time to switch our focus from sustainability to one of resilience in the face of societal collapse and industrial decline?
Green_Investment_Bank_Model FINAL 11-13-16andreweil
The document discusses the need to scale up climate finance and investment in low-carbon and climate-resilient infrastructure in emerging markets. It introduces Green Investment Banks (GIBs) as specialized financing institutions that could help meet this need by crowding in private capital. GIBs have commonly included being purpose-built for local markets, having a narrow climate focus, and blending public and private funds. The document argues that GIBs could help countries achieve climate goals, be loci of financial innovation, and partner with international climate finance institutions. However, GIBs would need to be part of broader solutions and technical assistance given market barriers in developing contexts.
The document summarizes a discussion from a Stockholm futurists meetup about the concepts of "abundance" and "limits to growth". It outlines Peter Diamandis' view of an abundant future driven by exponential technology versus Paul Gilding's argument for "The Great Disruption" due to planetary limits. The two perspectives map to Jim Dator's "continuation" and "collapse" generic futures. The discussion explores which view to trust given different scientists' assumptions, how values may shift from growth to sufficiency, and whether new technologies appear cool or creepy.
22. TCI Climate of the Nation Flagship Report 2012Richard Plumpton
This document summarizes the findings of a report on Australian attitudes toward climate change in 2012. It was conducted through focus groups and surveys between April and May 2012, a time of highly politicized debate around climate change policies in Australia. The research found that Australians were uncertain about the science of climate change, unconvinced by carbon pricing solutions due to fears over rising costs of living, and had lost confidence in experts and governments on the issue. However, attitudes remained fluid and could still be influenced on both the reality and solutions regarding climate change.
Since 2007, The Climate Institute has conducted comprehensive quantitative and qualitative research into Australian attitudes to climate change and its solutions. We have published a number of Climate of the Nation reports and aim to publish annual mid-year reports to track evolving attitudes and actions.
More information can be found on The Climate institute's website:
www.climateinstitute.org.au/climate-of-the-nation-2012.html
The document discusses how humanity's demand on ecological resources exceeds what the Earth can regenerate, putting sustainability at risk. It proposes "shrink and share" scenarios to reduce humanity's ecological footprint and balance it with the planet's biocapacity. A key approach is "Eco-Insurance," which would see small voluntary premiums paid into a fund to invest over $100 billion per year in stabilizing ecosystems by 2025. This internalizes principles like precaution and equity to stimulate sustainable behavior and a shared sustainable future for all.
The Earth's ability to sustain life for all is threatened by global overshoot: human demand exceeding the regenerative capacity of the biosphere. Today, it takes one year and over two months to regenerate what humanity uses.
The document discusses the potential for social finance in Canada by highlighting examples from the US and UK where social finance has created positive social and environmental impacts. It argues that Canada is poised for innovation in social finance due to growing social/environmental pressures and limitations in existing frameworks. A national collaboration called CAUSEWAY aims to enable a Canadian social finance marketplace through changing conversations, developing financial products, and enabling policy support like tax incentives.
Climate Change - An Approach to a One-Australia PolicyRichard Hodge
Climate change is the world\'s biggest political problem, and there is no framework to deal with it.
This proposal examines how a \'systems\' approach can develop a framework for action based on inclusive (not divisive) consideration of all issues.
The unprecedented damage Hurricane Sandy caused along the East Coast of the US, especially to the densely populated New York and New Jersey coastlines, was a wake-up call to the threat that weather events pose to our communities. The world has always been plagued by severe and seemingly intractable problems, including storms, but today, we live with an unprecedented level of disruption.
Things go wrong with more frequency and severity, greater complexity, and with more inter-related effects. No longer can we afford to simply rebuild what existed before. We must begin to rethink our recovery efforts, making sure the damaged region is resilient enough to rebound from future storms.
In order to better protect Sandy-area residents from future climate events the U.S. Department of Housing and Urban Development and President Obama’s Hurricane Sandy Rebuilding Task Force
initiated Rebuild by Design (RBD) to develop fundable solutions that address structural and environmental vulnerabilities throughout the East Coast region. Recognizing the enormity of this challenge, the RBD process has looked beyond traditional solutions, supporting new approaches in architectural design, regional planning and environmental engineering, all of which are set within an innovative process that combines public, philanthropic and private sector resources and knowledge with community participation in a design competition.
IMPACT INVESTING : Perspectives & Dimensions
If you change the place, you change the future*
This Thought Piece applies an academic model to analyse Impact Investing Perspectives & Dimensions. Motivations, preferences & actions to achieve impact investing goals. Its is a classification over three cultures and their interactions demonstrated in trends & events in the evolution of impact investing.
KEY IDEAS of Impact Investing; Doing Well & Doing Good
Investing for return and societal & environmental impact. Investing 'to do good' implies also doing less harm,
the majority of investment market opportunities.
In this post I focus on the Roots of Impact Investing and its present Dimensions: Exclusive Impact Investing, Inclusive Impact Investing and Grass Root Initiatives.
I present critiques of Exclusive Investing, Exclusive Philanthropy and Impact Investing from opponent favoring Systemic Change and Social Order, and my own perspective based on Technological progress and Transparency trends.
This document discusses impact investing, which aims to generate both social/environmental benefits and financial returns. It provides definitions and examples of impact investments, which typically provide capital to social enterprises working on issues like education, health, and sustainability. While still developing, impact investing is growing as more individuals reject choosing only financial returns or donations, and seek investment solutions that create impact. The report explores trends in impact metrics, financing models for social enterprises, and lessons from pioneers in the field.
Legal Viewpoint: Case Studies of VI in MassachusettsEDR
This document summarizes a presentation on environmental due diligence and risk allocation given by Seth D. Jaffe. It discusses how vapor intrusion issues can impact due diligence for real estate transactions and influence risk allocation between buyers and sellers. Recent changes by Massachusetts regulators have introduced more uncertainty around achieving closure for sites with vapor intrusion concerns, disincentivizing property transfers. Common techniques for allocating environmental risks between parties are described, but addressing long-term vapor intrusion issues poses new challenges to negotiating deals.
This document summarizes the key findings of a survey and interviews conducted to understand private sector investments in natural capital. The survey found growing interest from investors in natural capital due to factors like reducing risk, boosting portfolio resilience, and enhancing reputation. Common motivations for investment included resilience against climate change. However, investments in natural capital still represent a small portion of sustainable finance. The document recommends ways to scale up these investments, such as adopting natural capital accounting, developing larger investment vehicles, facilitating through intermediaries, and incentivizing through government policy.
The "Future of Revaluing Ecosystems" meeting brought together 28 experts to explore ways to better measure and manage the world's natural capital and its contributions to human well-being. Key discussions focused on future trends that will influence ecosystem valuation like rising consumption, climate change, and data availability. Scenarios of different trends in 2025 were explored, such as greater ecosystem shocks triggering demand for more sustainable supply chains. Participants also discussed solutions like financial instruments for ecosystem restoration and new ratings agencies to direct capital to ecosystem management. The overall goal was to change perspectives on nature from something sacrificed for development to something that underpins development.
This document summarizes a report about understanding the relationship between climate risk and superannuation (retirement) funds. It discusses how climate change poses risks to investments and the global economy. Superannuation funds collectively total over $30 trillion globally and have significant influence over companies as shareholders. However, most funds are underexposed to low-carbon solutions and overexposed to high-carbon assets vulnerable to climate policies. The report aims to educate citizen investors about engaging with their funds to ensure climate risks are properly managed.
Green Bonds in Brief: Risk, Reward, and Opportunity, is a report from As You Sow and the Cornell Institute of Public Affairs. Green bonds are exciting financial instruments that are directing funds to environmental and climate projects.
Impact Investing: Flavor of the Month or Here to Stay?PabloVerra
A presentation delivered at the Impact Investment webinar at Universidad Torcuato Di Tella, introducing the main aspects of impact investment and the latest trends in Latin America.
Conservation Finance. From Niche to Mainstream: The Building of an Institutio...The Rockefeller Foundation
Sustainable farmland, healthy forests, clean water, and abundant habitat stand to become more valuable as the global population climbs to nine billion by 2050. Already, pioneering investors have put together financial solutions that combine real assets, such as tropical forests, with cash flows from operations in fields such as sustainable timber, agriculture, and ecotourism. Conservation finance, as this field is known, represents an undeveloped, but emerging private sector investment opportunity of major proportion.
Filling this gap to finance the preservation of the world’s precious ecosystems will require USD 200 - 300 billion in additional capital, and private investment capital may be the only source. Attracting that level of private capital will require attractive risk-adjusted rates of return, in addition to clear and measurable conservation impacts.
In this report, Credit Suisse—together with the McKinsey Center for Business and Environment—there is a toolkit for substantially growing the investment that flows into the conservation sector, illustrated by a few concrete ideas that we deem to be scalable, repeatable, and investable. Implementing these ideas will require strong collaboration between the financial and environmental communities to find new and creative ways of solving the financial structuring and conservation challenges at hand.
Making Impact Boring Workshop Conservation Finance David Boghossian 2016 v2 alDavid Boghossian
The document discusses harnessing investment to solve global problems by making impact investing more mainstream and profitable. It notes that $90 trillion will be invested in infrastructure over the next 15 years, while global philanthropy is only $500-600 billion. Impact investing, which focuses on social/environmental solutions, could be 30 times more impactful if the $16-18 trillion in global savings was directed that way. However, impact investing currently makes up only 1-2% of the market. The document proposes moving investments along two axes - social/environmental benefit and financial return - to attract more mainstream investors by making impact investing "boring and profitable."
This document discusses impact investing, which aims to generate positive social and environmental impact alongside financial returns. Impact investing opportunities exist across asset classes and sectors that address issues like poverty, health, education, housing, sustainability and the environment. While some impact investments prioritize impact over returns, most aim to achieve market-level returns with acceptable impact. The author believes impact investing can help families and foundations align their capital with their values and make a meaningful difference in the world, while still pursuing appropriate risk-adjusted returns. Ascent's approach focuses on identifying compelling impact investment funds and managers with experience, strong track records and reasonable fees.
The document discusses 12 domains that are uniquely within the power of people to change through grassroots, community-led solutions. These domains include health and well-being, safety and security, the environment, nurturing the local economy, mindful food consumption and production, and raising children. The document argues that community connections and social networks are more important determinants of health outcomes than access to healthcare. It provides examples of grassroots environmental initiatives and emphasizes that local economic development is fueled by small, community-based enterprises. Overall, the document advocates for community empowerment and people-powered change as a way to positively impact many important areas of society.
As a global financial services provider, Allianz's business success is heavily affected by a variety of global, long-term issues. In this Sustainability Factbook, Allianz presents their ongoing activities relating to the three global issues that are most relevant to the core business: access to finance, climate change and demographic change.
"Since the launch early last year of Udacity and Coursera, two Silicon Valley start-ups offering free education through MOOCS, massive open online courses, the ivory towers of academia have been shaken to their foundations." Could disruptive change of such a magnitude also threaten top brands among international civil society organisations (ICSOs) such as Amnesty International, Greenpeace, Oxfam or Save the Children?
This question was at the centre of the deliberations of a group of about 20 experts and leaders from ICSOs and some of their key stakeholders who worked together from January to August 2013, trying to identify strategies to detect, prepare for and navigate disruptive change as it arises. The Disruptive Change Working Group communicated via an online platform and email, and held several telephone conferences and one face-to-face meeting in Bellagio, Italy as a basis for their collaboration. Published by the International Civil Society Centre, this text reflects the inputs and discussions of the whole group.
Behavioral Economics At Work Nunnally, Steadman, Baxter Las Vegas Finalksteadman
The document summarizes a presentation on behavioral economics and judgment risk given by Tyler Nunnally, the founder and CEO of Upside Risk. The presentation discusses concepts from behavioral economics like heuristics and biases that can lead to judgment errors, and examines how risk appetite can impact decision making and business performance. Best practices for managing judgment risk and reducing biases are also covered.
Aboriginal Tourism: Your Time Has ComeAnna Pollock
This document summarizes a presentation given by Anna Pollock at the 2013 National Aboriginal Tourism Opportunities Conference in Osoyoos. The presentation discusses how aboriginal tourism is poised for growth but must act quickly to capitalize on emerging opportunities in the sustainable and experiential tourism market. It notes that tourism currently relies on an outdated industrial model but a new model is emerging that is more sustainable and benefits local communities and environments.
The Sustainability Challenge: Implications for Tourism Anna Pollock
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This document summarizes the business plan for SproutChange, a peer-to-peer lending platform focused on impact investing. It outlines SproutChange's vision to revolutionize investing by allowing people to earn returns while supporting socially responsible companies in sectors like renewable energy, farming, and healthy living. The plan details SproutChange's target market of millennials, competitive advantages over traditional platforms, and one-year goals to achieve $20 million in assets under management by attracting 20,000 investors. The founders aim to create a global marketplace where investors can directly interact with and support borrowers.
Planning Your Way Out of the Financial CrisisAegon
This document discusses the challenges facing companies and pension funds in dealing with pension risks and funding shortfalls during the current financial crisis. It notes that while some funds hedged risks in the past, many did not, and the crisis has exposed pension funds and sponsoring companies to significant volatility and funding issues. International accounting rules now require pension funding status to be reported on balance sheets, increasing transparency but also volatility. Differences between national pension regulations and international accounting standards make it difficult for multinational companies to assess pension risks and align stakeholders. The document proposes that developing a roadmap to "derisk" pensions by reducing risks at the right times can help companies regain control of their balance sheets and pension obligations.
Robert Feinholz: What is the top asset class indentified for retirementForman Bay LLC
The study found that lifetime income annuities can provide secure retirement income for 25-40% less than other traditional methods thanks to risk pooling. Income annuities address the risk of outliving one's savings by providing guaranteed lifetime income that cannot be replicated by other asset classes. Covering basic living expenses with income annuities provides greater flexibility to take more investment risk in other portions of one's portfolio. Recent innovations have increased the desirability of income annuities.
The Climate Institute has been conducting our annual Climate of the Nation attitudinal research since 2007. It is the longest continuous survey of community attitudes about climate change. We have charted the views of Australians about matters relating to climate change and energy policy, through the ups and downs of changing weather patterns, related natural disasters and the waxing and waning of the political landscape.
This presentation summarises this year's research, conducted by polling over 2,000 people across the country, as well as holding focus groups in Brisbane, Melbourne and Newcastle, which once again benchmarks the views of everyday Australians on these key issues. We compare and contrast them to the findings over these past years.
Since 2007, The Climate Institute has produced Climate of the Nation research capturing the nation's pulse on attitudes to climate change. This year's results show an increasing awareness and concern about the impacts of climate change and the country’s future energy mix amid the intensifying political debate.
More Australians trust the science that says climate change is caused by human activities.
The findings provide a critical opportunity for the Abbott government to better reflect public sentiment on climate change in its upcoming announcement on Australia’s post-2020 carbon pollution reduction target. More think that "the Abbott government should take climate change more seriously” and there is a strong expectation for government to regulate carbon pollution, move to phase out aging coal power stations, and invest in renewable energy.
Climate change is having significant impacts on sport in Australia. Rising temperatures are making extreme heat events more common and intense, posing health risks for athletes and spectators. Drought and flooding are also damaging playing surfaces and facilities. Sports organizations will need to adapt practices and infrastructure to manage these climate risks, such as improving heat safety policies and building more resilient venues. Without further climate action, the impacts on sport could increase and challenge its viability in some forms or locations in the future.
Are Australians climate dinosaurs? Climate of the Nation 2014, benchmarking Australian attitudes to climate change, finds that political leaders risk being stuck in the past as public attitudes on climate change and its solutions are on the rebound. In mid-2014, more Australians think that climate change is occurring and are concerned about impacts, present and future. There is a rebound in desire to see the nation lead on finding solutions and a strong expectation of government to address the climate challenge. Opposition to carbon pricing has continued to decline and there is a decline in the minority supporting repeal. For the first time more support carbon pricing than oppose it, even though there is lingering confusion around it. For more information, visit www.climateinstitute.org.au/climate-of-the-nation-2014.html
Buyer Beware: Home insurance, extreme weather & climate change The Climate Institute
In many parts of the country, climate change is mixing with natural variability to pile on the risk of damage to Australian homes. Where Australians live, the design of settlements, the cost of housing, and whether homes are insurable or not are not issues of the future, but very much issues of today.
The Climate Institute, together with CHOICE, commissioned independent risk analysts Climate Risk to take a snapshot of how the home insurance industry is responding to climate risk. The study, Buyer Beware: Home Insurance, Extreme Weather and Climate Change, offers a preliminary analysis of changes in premiums, policies, and insurability. The research reveals the growing risks for homeowners and also offers important new tools to assist homebuyers to assess current and future risk to what is often the biggest asset purchase of their lives.
To find out more, visit http://www.climateinstitute.org.au/buyer-beware.html
- Climate change poses risks of catastrophic and uncertain impacts from rising carbon emissions. Estimating appropriate prices for carbon is challenging due to uncertainties but crucial for risk management.
- Standard utility models used in climate economics calibrate risk preferences too low, underestimating appropriate carbon prices. Higher societal risk aversion, as seen in equity markets, implies much higher carbon prices to account for hard-to-predict climate risks.
- Delaying reductions in emissions increases future mitigation costs and disaster risks. Higher carbon prices now can lower total costs by incentivizing early emissions cuts and new technologies.
Barry Jones, General Manager - Asia Pacific for the Global CCS Institute, provides an overview of carbon capture and storage technology including its rationale and a summary of current projects. The presentation also examines impediments to its deployment and recommendations for how to overcome them.
Professor Alan Dupont summarises the defence and security implications of climate change in a presentation for The Climate Institute's Boardroom Lunch Conversation on 21 October 2013.
Bill Hare, CEO of Climate Analytics, summarises the World Bank report Turn Down The Heat: Why a 4C Warmer World Must Be Avoided for The Climate Institute's Boardroom Lunch Conversation on 21 October 2013.
This document summarizes a report by The Climate Institute analyzing the climate policies of the Australian Coalition government. It finds that the Coalition's Emission Reduction Fund would lead to 8-10% higher emissions by 2020 than current legislation. It would also require $4 billion more to achieve Australia's 5% emissions target. Modeling shows the Coalition's policy allowing emissions to increase 45% by 2050, exceeding the global 2 degree warming limit. The report recommends maintaining current legislation and reviewing the Coalition's policy to ensure emissions reductions are scalable and credible.
Today, CO2 emissions from fossil fuels are around 50 per cent higher than they were 20 years ago, and have been rising each year. This kind of change to the chemical mixture in the air doesn’t come without consequences. Acting like a blanket, the build-up of greenhouse gases is the main reason why the average global temperature has risen by nearly 1°C in the last century. This booklet explains why a rise of only a few degrees in the average global temperature risks our prosperity, security, and health. It explains why it is so important to reverse the rise in emissions within the decade. And why it is still within our means to do so. For more information visit www.climateinstitute.org.au/dangerous-degrees.html
Since 2007, The Climate Institute has conducted comprehensive quantitative and qualitative research into Australian attitudes to climate change and its solutions.
More information can be found on The Climate institute's website:
www.climateinstitute.org.au/climate-of-the-nation-2013.html
What does energy efficiency matter? Energy efficiency is the single most cost-effective way of lowering greenhouse gas emissions and an essential component of any strategy to reach long-term emission reduction goals. It also boosts economic productivity, improves energy security, reduces expenditure on fuels and energy infrastructure, reduces air pollution and develops the energy services industry.
If Australia improved its energy efficiency by just an extra one per cent each year it would generate an additional $8 billion in GDP by 2020 and $26 billion by 2030. This is an important contribution to improving Australia’s productivity, as well as cutting our energy bills and carbon pollution.
For more information please visit www.climateinstitute.org.au/boosting-australias-energy-productivity.html
Australian coal reserves and resources alone could exceed global coal carbon budgets and attempts to avoid dangerous climate change. Investors in our coal resources are taking high risk gambles on global climate inaction, the deployment of carbon capture and storage technology or significantly increasing Australia’s share of global coal markets. Governments, investors and even many coal companies say they take climate change seriously, but this report shows that if they did, their Australian investments could be a costly speculative bubble.
This presentation summarises a report looking at some of the physical impacts of climate change on the infrastructure sector and the resulting cascade of consequences for the broader economy. The findings come from a workshop conducted in December 2012 by The Climate Institute, Manidis Roberts (a part of the RPS Group) and KPMG, which piloted a process for analysing the climate-related risks associated with interdependent infrastructure systems of a major city.
For more information visit www.climateinstitute.org.au
In order to achieve current climate change goals, Australia needs to use a long-term carbon budget approach to properly assess the risks, responsibilities and realities of doing its fair share.
This presentation summarises The Climate Institute’s policy brief, Operating in Limits: Defining an Australian Carbon Budget. For more information visit www.climateinstitute.org.au/articles/publications/operating-in-limits.html
This presentation explores the human impacts, including stress, anxiety and mental illness that arise or are exacerbated by extreme weather events. For more information visit www.climateinstitute.org.au/explore-climate-change.html
“China in the last five years has very consciously moved to slow the rate of its greenhouse gas emissions by curbing its energy intensity, becoming a world leader in renewable energy, and most recently establishing carbon trading systems in its largest provinces. These actions not only have positive impact on the climate, but are driven by self interest in strengthening energy security, developing a low carbon economy with export opportunities and in showing international leadership.”
-John Connor, CEO of The Climate Institute
This presentation provides a summary of the Climate Bridge report Carbon Markets and Climate Policy in China: China’s pursuit of a clean energy future. Climate Bridge is an international carbon project developer with a portfolio of more than 180 emission reduction projects which has been active in the carbon market in China since 2006.
Our Uncashed Dividend: The Health Benefits of Climate Action draws together a large and growing body of evidence from health and medical research showing substantial health benefits linked to measures to cut emissions.
Actions that cut carbon pollution can improve Australians’ health and could save billions of dollars and thousands of lives each year.
Carbon, the way we view it, measure it, control it and price it has come to dominate debates of all kinds. So, what's it all about?
This is the starting point of a 'Carbon 101' guide released by The Climate Institute, alongside a podcast narration by Andrew Demetriou, CEO of the Australian Football League and Dr Graeme Pearman, former head of CSIRO Atmospheric Research. This presentation summarises the book and podcast. Both are available on The Climate Institute's website: www.climateinstitute.org.au/carbon-101.html
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"Learn about all the ways Walmart supports nonprofit organizations.
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The webinar may also give some examples on how nonprofits can best leverage Walmart Business+.
The event will cover the following::
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Special TechSoup offer for a free 180 days membership, and up to $150 in discounts on eligible orders.
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Answers about how you can do more with Walmart!"
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বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
2. The Accidental Investor
Taking back control of your future
September 2012
“In what has been described as the democratisation of global capital, the largest
pool of available investment capital is the around $60 trillion supposedly
managed for the long term by the world’s retirement, insurance and sovereign
wealth funds...Shifting even a small percentage of these funds can make a
significant impact in tackling climate change and - as proper long term risk
management - requires no legislative change.”
John Connor, CEO of The Climate Institute
A new social media platform – The Vital Few - allows people to take back control of their
future and make sure their pension funds are investing in ways that help tackle climate
change.
www.areyouthevitalfew.org
2
3. Background
The Vital Few is an engaging new social media platform, managed by the Asset Owners
Disclosure Project, that empowers millions of retirement fund members to help redirect
their savings from high-carbon, high-risk investments to ones that can help secure a
sustainable and prosperous low carbon future and ensure safe member returns.
The Asset Owners Disclosure Project (AODP) is an independent global not-for-profit
organisation whose objective is to protect members' retirement savings from the risks
posed by climate change.
The AODP was originally developed in 2008 as an initiative of The Climate Institute and
while it is now a separate entity, the two maintain a close working relationship.
For more information on AODP visit…
http://www.climateinstitute.org.au/asset-owners-disclosure-project.html
or http://www.aodproject.net/
3
4. The Issue
Maybe you reduce, reuse and recycle. Maybe you’re into using renewables, buying
local, and drinking fair-trade. Whatever the case, one thing’s for sure, you’re aware of
how you’re spending your take-home income, you’re spending it the way you want to.
But are you aware of how your pension contribution is being spent on your behalf?
Did you know…
Over 55% of your mandatory pension contribution is invested in high-risk, high-carbon
assets with less than 2% being invested in low-carbon assets.
You may be accidentally investing your money in things that are out of line with your
own values, like dangerous high-carbon industries. Not only does this jeopardise the
environment but it also places your own personal finances under significant threat.
By becoming one of The Vital Few you can take back
control of your future and start to invest with intent.
4
5. The Cause
Nearly $60 trillion is tied up in
pension funds globally. That’s the
single largest consolidation of
money found anywhere in the
world.
So when it comes to solving the greatest challenge of our generation - reducing our reliance on fossil
fuels to safeguard our environmental and economic future - the pension pot of wealth must be called
into action.
Remember it’s your money. Pension fund managers are simply custodians acting
on your behalf.
Climate change is the most high-risk, high-certainty event that will ever impact global investment.
Pension funds worldwide are largely exposed and ill-prepared for the predicted rapid re-pricing of
carbon which will guarantee things are no longer worth what they once were. The casualties of their
short-sightedness will be your financial nest egg for the future.
5
6. What A Few Can Do
“Never doubt that a small group of Send a letter through The Vital Few
thoughtful, committed citizens can change network and your concerns will be
the world. Indeed, it’s the only thing that directed straight to the top of the
ever has.” investment chain.
Margaret Mead, American cultural anthropologist
Pension funds are legally bound to
answer even just 1 letter from a
member. If 1 then 10 then 100 then
1,000 of us send just 1 letter each, it
will pile on the pressure and
effectively force disclosure of
pension funds’ damaging investment
practices.
By asking them to hedge climate risk by increasing low-carbon investment from less than
2% to 5%, this will redirect billions of investment dollars and create a tipping point
ushering in the low-carbon economy.
6
7. Taking Action
You can get involved as part of The Vital Few in a number of ways:
1. Visit www.areyouthevitalfew.org
2. Choose one of the short interactive experiences in the action bar at the top of your
screen. Make the selections that represent you to personalise a letter and reflect
your values, vision and concerns.
3. Join The Vital Few in a few quick steps and become part of a collective of
inspiring, like-minded individuals who are courageously rewriting the future.
4. With one click, load your slingshot and send your letter straight to the top and ask
the decision makers in your pension fund to disclose how much of your money they
are currently investing in high-risk, high-carbon assets and what they are doing to
hedge climate risk on your behalf.
5. Share The Vital Few story with your friends and family. Blog and tweet about the
problem or post your unique Vital Few member badge on your Facebook page.
6. Visit The Vital Few Community and have some fun telling us what you want for your
future.
7
8. Taking Action
Tell your pension or superannuation fund what's important to you. Craft your personalised
letter and send it straight to the top.
8
9. What Happens Next
One of the greatest benefits of being part of The Vital Few is that you get direct access to
the decision makers in your pension fund. However, they may respond in a number of
ways from superficial and elusive to legitimate and committed.
Here’s what to expect. Your fund will either be a:
Fixated on fossil Adopting the herd Cleverly using green While politely Fully engaged with
fuels, this fund is so mentality of wash acknowledging the evolving their investment
besotted by the allure resistance, this techniques, such as importance of climate process to incorporate
of short-term returns fund is sitting on their commitment to risk and recognizing climate risk this fund
they deliberately the fence waiting ESG (Environmental, your serious personal is seeking new and
avoid any dialogue for another fund to Social & Governance) concerns this fund innovative ways to gain
about the danger of make the first this fund is distracting conveniently fails to high returns, without
high-risk, high-carbon move. your attention from take any compromising future
investments. the real material responsibility prosperity, both financial
issues. for the solution. and environmental.
9
10. What People Are Saying
“With unprecedented extreme
“Sitting atop the wealth chain, the pension
weather events, historic melting of
industry has continued its fast and furious
the arctic ice cap and radically
spending spree on high-carbon, high-risk
inadequate action from our
investments with little accountability for their
governments, this new social
impact on the long-term financial security of
media platform opens up a new
both individuals and the broader economy.
front for millions of fund
The Vital Few’ platform can be used by
members.”
anybody signing up as a free member to
exercise their legal rights in forcing their Kelly Rigg, Executive Director of the
funds to demonstrate how they are Global Campaign for Climate Action
performing their fiduciary duty in managing
big systemic risks such as climate change.”
Julian Poulter, Executive Director of the Asset
Owner Disclosure Project (AODP) & Business
Director of The Climate Institute “Through mandatory retirement fund
contributions and other savings, millions of
workers have become accidental investors
and participants in short term and
unsustainable investment decisions with
global impact. This vital tool is part of a
profound change in the operation of global
capital…These citizen investors can now
collaborate to help make the kind of
sustainable economy we need for a more
prosperous future."
Sharan Burrow, General Secretary of the
International Trade Union Coalition
10
11. What People Are Saying
“Asset owners like the pension and super
funds appear to have learnt nothing from
the mismanagement of sub-prime
mortgages which triggered the Global
Financial Crisis. The Vital Few is an online
community where even a few pension
members can lead real change. The
pension industry is failing its members, and "The bedrock principle behind
it may only take a vital few to steer it back capitalism is that it works when owners
on course.” look after their property…The Vital Few
“This is clearly a milestone in initiative, by starting with the issue of
Dr John Hewson, AODP Chair & former leader of
online movements. Never before has climate risk, is a milestone in helping
the Liberal Party of Australia
the online movement been able to restore genuine ownership to
align the financial interests capitalism.“
of so many people with the interests
Stephen Davis, Senior Fellow at the Harvard
of global sustainability and
Law School Program on Corporate
prosperity.” Governance/Brookings Institution
& Co-author of The New Capitalists: How
James Slezak, Partner, Purpose.Com Citizen Investors are reshaping the Corporate
(founders of GetUp and Avaaz) partner Agenda
11
12. Be Part Of The Vital Few
www.areyouthevitalfew.org.au
12