@steve_jennings
108 w
A new study shows that people believe more in bots than they do in humans, especially when it comes to enterprise sustainability. A majority (61%) of the 11,000 consumers and business leaders surveyed in Oracle’s “No Planet B: How Can Businesses and Technology Help Save the World?” report said they think machines will fare better than people do with sustainability and social efforts. The global survey was conducted by Oracle and Pamela Rucker, CIO advisor and instructor for Harvard Professional Development. “The events of the past two years have put sustainability and social initiatives under the microscope and people are demanding material change. While there are challenges to tackling these issues, businesses have an immense opportunity to change the world for the better,” Rucker said. “The results show that people are more likely to do business with and work for organizations that act responsibly toward our society and the environment. This is an opportune moment. While thinking has evolved, technology has as well, and it can play a key role in overcoming many of the obstacles that have held progress back.” https://www.oracle.com/a/ocom/docs/applications/esg-study-no-planet-b-report.pdf
109 w
"According to BlackRock “a major shift is underway as companies are increasingly measured not only on how much money they make, but also on the societal impact they are having.” BlackRock sights Sir Ronald Cohen, founder of the IWAI Impact Weighted Accounts Initiative at Harvard, who notes as evidence that "some electric vehicle companies are attracting lofty valuations, while some big oil companies have lost significant value over the past few years.” According to Cohen, the shift to a focus on impact is enabled by (1) the shifting value of consumers; (2) technological innovation such as machine learning and (3) the ability to harness computing power to analyze the impact of companies This push toward impact valuation is endorsed by major accounting firms and some asset managers. Sir Ronald Cohen predicts that all companies will be publishing their impact accounts in 3 to 5 years. And yet… - Not all EV companies have lofty valuations. See Nikola, Faraday Future, Electric Last Mile Solutions. Doing good does not always lead to doing well (financially). - Notwithstanding know negative externalities, big oil seems to be doing well. #Exxon’s valuation is up 2X from last year at the same time - Impact valuation is complex and imprecise. It is based on subjective valuations (eg. what is the dollarized health impact of sugar in soft drinks, is a flight for vacation worth as much as one for business travel), estimation, extrapolation and centralised valuation of externalities. It also assumes that impact is absolute when it is, in practice, about marginal effects. - As but one indicator, consider the divergence in ESG ratings….and then apply those same disagreements to non financial impact valuation While calculating an estimated impact for a company might help investors assess go forward risks (of regulating CO2, for example), it will not much address growing environmental and social challenges…these need to be addressed by changing the rules. - Ken Pucker (he's easy to find on LinkedIn) https://www.blackrock.com/uk/solutions/impact-investing
109 w
Writing in The Guardian, Rachel Donald exclusively reveals how the fashion industry’s impact on the planet is being hidden, due to the way CDP scores are calculated. https://www.theguardian.com/environment/2022/apr/09/why-eco-conscious-fashion-brands-can-continue-to-increase-emissions
110 w
Announced today, 7 April, 2022: Sweden's political parties have unanimously backed the world's first consumption-based emissions targets. https://www.thelocal.se/20220407/sweden-to-set-worlds-first-consumption-based-emissions-target/
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110 w
Great! Such a fantastic news.
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110 w
This is fantastic. I gave the Swedish parliament climate love here: https://app.wedonthavetime.org/posts/f77acaf7-3789-4fd1-a48b-c2a4c44a2e4e?utm_source=url-copy&utm_medium=wdht-rn-app-share&utm_campaign=Rentzhog
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110 w
This is very good news!
129 w
How mindful consumption can get us out of the climate crisis. https://techcrunch.com/2021/10/15/a-roadmap-for-climate-investors/amp/Ho
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129 w
Agreed
131 w
Powerful words at OP26 from climate activist Clover Hogan Founder & Executive Director of Force of Nature https://youtu.be/273ZVxeUiyo
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131 w
I was in the room when she said that and was struck by the power and genuinity of her words. A great but far too lonely voice in the panel!
131 w
An examination of 196 country reports to the United Nations reveals a giant gap between what nations declare their emissions to be versus the greenhouse gases they are sending into the atmosphere. The gap ranges from at least 8.5 billion to as high as 13.3 billion tons a year -- surpassing the annual emissions of China. https://www.seattletimes.com/nation-world/countries-climate-pledges-built-on-flawed-data-post-investigation-finds/
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131 w
So we all say "It wasn't me" and lie about how much pollution we have put into the atmosphere so we don't look bad. This is why we needs standards and standard reporting mechanisms.
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