Issue / Conversation
Climate Change

Sara Olsen / Gil Friend / Peter Burgess

Burgess COMMENTARY

Peter Burgess

Sara Olsen Sara Olsen Founding Partner at SVT Group 18h • Edited More and more players are recognizing that the time to address climate change and other major destabilizers is now. Leaders seeking to move their industries to a new stance are asking us at SVT, 'how can we back our vision up with hard data and management systems to account for and direct our impact?' The fact that institutional investors are aligning with the goal of accountability for results is key to making it happen. 'Investors are in a unique position to mitigate the threats of climate change,' adds Betty T. Yee, Controller of the state of California. Yee also serves on the boards of California Public Employees' Retirement System (CalPERS), and California State Teachers' Retirement System (CalSTRS), and the sustainability nonprofit organization Ceres. “With trillions of dollars under management globally, we can demand accountability from the largest corporate greenhouse gas emitters and hold governments responsible for the impact of their decisions. The Investor Agenda is producing real progress as we risk irreversible damages of global warming.' We'd love to have a discussion with you about what moves you want to make in your industry and how impact management can power them up. Gil Friend Gil Friend Innovative leader • Foresightful strategist • Visionary speaker • Sustainability pioneer • Kickass coach • Valued board member 2d RT @GCAS2018: hashtag#TheInvestorAgenda launched today in hashtag#SanFrancisco will support investors in accelerating and scaling-up actions critical to tackling hashtag#climatechange & achieving the goals of the hashtag#ParisAgreement. >> https://t.co/VCGkBtLid4 via @CeresNews https://t.co/M0Le8t9SrU…see more Nearly 400 investors with $32 trillion in assets step up action on climate change ceres.org 8 Likes 8 Likes on Sara Olsen’s post 1 Comment 1 Comment on Sara Olsen’s post Like Unlike Comment Comment Share Share now Open options for Peter Burgess’ comment Peter BurgessStatus is online Peter Burgess Founder/CEO at TrueValueMetrics.org developing True Value Impact Accounting Bluntly put, in the modern world, stock price and the profits of an organization are a good proxy for the unsustainability of the organization. The correlation between profit and unsustainability is very strong and it is urgent that this linkage is broken. YES ... more and more people and organizations are talking about action on climate change but at the same time it is pure fantasy that more ESG will actually reduce unsustainability and increase stock prices while giving better profit performance. I wish it were true, but it isn't! PeterB http://truevaluemetrics.org