Global Sustainable Investment Alliance转发了
Was great to speak at the Principles for Responsible Investment conference in Toronto today, where I shared a preview of the Global Sustainable Investment Alliance’s forthcoming research. Our report focuses on the range of misaligned incentives that continue to encourage rational investors to allocate capital to #unsustainable assets. The report, which will be launched around #cop29, is designed to help policymakers understand how capital flows work and to design policy that will move capital in a positive direction, whilst recognising that robust and consistent government policy is an essential ingredient of a successful #transition.
Shifting from value-GDP to quality-(GWF) general welfare financial metrics, is the only solution to transform business accaunting and incenives to promote GWF of peoples life.
Makes sense James Alexander. Charlie Munger apparently said “I’ve been in the top 5 % of my age cohort all my life in understanding the power of incentives, and all my life I’ve underestimated it. And never a year passes but I get some surprise that pushes my limit a little farther”. ?? Munger’s paper The Psychology of Human Misjudgement is a favourite. With that context, consider the impact of the accounting incentives to meet an emissions reduction commitment being upside down. Now imagine the power released by being able to flip them. I’ll look up your report.
Thank you for your leadership on this James! A great project to pull together our partners’ views.
????Researcher, Training, Compliance and Sustainable / Responsible Investment Technical Specialist. Engaged in research around #SustainableInvesting #ImpactInvesting #BehaviouralFinance and #AppliedEthics
5 个月Looking forward to reading this when it is available.