Burgess COMMENTARY
Good video ... but nobody seems to be thinking about how a system that has essentially failed can be reworked into something that can actually work. When the socio-enviro-economic system is driven by very simplistic financial metrics, there is no hope that good decisions will be made. A start will be to do accounting that embraces not only money profit transactions, but all the associated impacts on society and the environment. There need to be ways to give incentive to actors doing good for society and the environment even though there is no conventional profit. When the banking sector went in terminal failure some $4 trillion in new money was created and the banks survived! Now we need many trillions of dollars worth of new currency or credit to improve society and to remediate the environment. What is stopping us from doing this? The framing for the modern global interconnected socio-enviro-economic system must be based on 21st century problems and possibilities, and rather less on 19th century ideas.
Peter Burgess http://truevaluemetrics.org
Peter Burgess
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John Elkington
John Elkington
Executive Chairman and Co-Founder at Volans Ventures
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What have we learnt in the 10 years since the financial crisis, and are we any closer to having a financial system capable of delivering the Sustainable Development Goals? These were the key questions when we gathered leading figures in sustainable finance earlier in the year for our Breakthrough Money Basecamp. Stronger leadership, technological disruption and new forms of collaboration all show promise of steering the ship in the right direction - but it won't be smooth sailing.
Below is a short film synthesising some of the themes discussed on the day. With comments form participants including Nick Robins, Mark Campanale, Tessa Tennant, James Arbib, Marjella Lecourt-Alma, Omar Selim, Sacha Romanovitch, Jeremy Oppenheim, Henrik Olsén, Steve Waygood and Andrew Parry.
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Okello Ejedio
Okello Ejedio
Very good it need very good planing
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Andrew Parry
Andrew Parry
Humbling to be on this video with some of the doyens of sustainability sector No longer is Sustainable Investing an option: it's now an imperative (edited)
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John Elkington
John Elkington
Was wonderful to have as part of it all, Andrew.
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Titus Baloyi
Titus Baloyi
Great start. Now we must take the message to the Wall Street, the Main Street, boardrooms and bedrooms. There is hope. We are the last generation that can, and should save the planet. Thank you sir John Elkington
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Trina Chattoraj Mallik
Trina Chattoraj Mallik
Very inspiring! Great video to instill confidence that actions by financial leaders are headed in the right direction.
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Blake Goud
Blake Goud
I like especially the part about technology being a disruptive force whose success will compel larger institutions into action eventually, while in the mean time they move in more incremental ways. The Responsible Finance & Investment (RFI) Foundation is working to support both sides, including through our support for ethical, responsible & Islamic FinTech with Abu Dhabi Global Market (ADGM), an initiative built on the recognition that responsible FinTech & large responsible finance institutions can both benefit from increased cooperation.…see more
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Rachel Zedeck
Rachel Zedeck
Fabulous!!! 1st ive heard anyone prioritize NDC!!!!!! We have a long way to go in not just strucuturing the finance but offering credible / verifiable impact in climate action especially in agriculture. (edited)
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John Elkington
John Elkington
Thanks everyone for comments- - helpful and appreciated!
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Peter Burgess
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