OneNYC establishes bold goals and specific targets for a strong, sustainable, resilient, and equitable city – 800,000 people out of poverty by 2025, Zero Waste, eliminating long-term displacement after future shock events, and much more.
The de Blasio administration has released “One New York: The Plan for a Strong and Just City,” a comprehensive plan for a sustainable and resilient city for all New Yorkers that addresses the profound social, economic, and environmental challenges ahead.
Socially useful business is neither a new idea nor one which is particularly at odds with the fundamental point of business – to sell things which people want or need.
However, demonstrating social utility has becoming rather a burning issue in recent years, spurred not just by the slow growing questioning of the current mode of international capitalism but also by the rather more pointed challenges to the purpose of whole sections of the economy raised by the recent financial crash.
At a recent TSSS event (Feb. 5, 2015) we explored the disconnect between Bay/Wall St. and Sustainability (click for written event summary). Please enjoy the highlights in this short video captured as part of the Partners in Project Green, ask the expert series.
I think the opportunity lies with the long term stakeholders like pension funds that have more patience in seeing the benefits of integrating ESG factors in their analysis.
— Ian McPherson, Last Spike Capital
We need the big guys (who are the early adopters, like PUMA, Unilever, and Patagonia) to start sending signals of the new ways of running the economy and the world.
— Bob Willard
There will be a day when financial statements will be continuous – companies must do a better job of telling their story.
— Julie Desjardins
Connecting the two world is challenging because investors are often looking at different, more short term factors, compared to the sustainability community that is often looking at issues that are much longer term.
— Martin Grosskopf, Vice President and Portfolio Manager, Director of Sustainable Investing at AGF
H&M’s latest sustainability report touts the brand’s commitment to environmental and social responsibility, but who’s really paying for our cheap clothes? Photo credit: Shutterstock
Earlier this month, H&M released its 110-pageConscious Action Sustainability Report, its 13th annual review of its green practices and efforts towards fair wages within its factories. Although many of its figures and initiatives are commendable (e.g. its in-store recycling program brought in around 13,000 tons of clothing; it aims to use 80 percent renewable electricity by year’s end; it’s inspecting more textile suppliersin order to improve working conditions), environmental and social advocates have pointed out some of the report’s inconsistencies.