The Case for Mark-to-Planet Finance
As climate and sustainability issues move to center stage, global finance must fully embed impact and sustainability criteria alongside the core elements of risk and return. Companies and investors should therefore adopt an approach that links the global economy and financial system to the needs of the planet and people.
https://prosyn.org/OkFHaW2
PARIS – At times, it can feel as if the superstructure of today’s global financial system has always existed and always will. Yet we tend to forget that the current set-up – let’s call it the Neoliberal Paradigm – did not come down to us on stone tablets from heaven, but was developed over time by a contingent process of intellectual innovation and shifting power dynamics and political constraints.