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Publisher's note
Toby is the CEO and co-founder of Corporate Knights Inc. and publisher of Corporate Knights Magazine. He spearheaded the first global ranking of the world’s 100 most sustainable corporations in 2005, and in 2007 coined the term “clean capitalism.”

Money matters

Investors collectively hold the key to a more sustainable future

“Given the professional culture of the financial community, it is not surprising that large numbers of individuals in that world believe themselves to be among the chosen few who can do what they believe others cannot.”

Daniel Kahneman, Thinking, Fast and Slow (2011)

 

My first job out of college was with a junior mining firm that had the prescience to buy the website investment.com just before the dot.com boom. This turned out to be the company’s most valuable asset, and soon justified a makeover from mining to new media.

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Introducing our 2017 Eco-Fund Ratings

Which Canadian funds have the best combination of environmental excellence and financial performance?

Money can’t buy me love, or the song goes. But could it buy a better world?

What would happen if the 500 million people with over $100 trillion in financial assets invested in a future aligned with their values? It would go a long way to solving most of the world’s material problems like hunger, disease, climate change and the rest of the Sustainable Development Goals, which the UN has estimated to require $5 trillion to $7 trillion annually. It may also make it feasible for political and business leaders to seize a just and sustainable future, emboldened by so many people voting their values with their dollars.

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May 8, 2050

From father to son

May 8, 2050

Dear Zia,

You were born in a year when the western status quo was smashed. The fantastical became the everyday. Britain walked out on Europe. The United States – with some assistance from Russian hackers – elected a reality TV show star cum dealmaker as host of the 45th presidency and master of nuclear codes, to the victory tune “You Can’t Always Get What You Want.”

Mercifully, Leonard Cohen was spared part of this dubious dance and went softly into the night the evening before.

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The Carbon Clean 200

By Andy Behar, Michael Yow and Toby A.A. Heaps
Investing in a clean energy future

Over the past five years, and growing dramatically leading up to and post-Paris COP 21, a movement of institutional and individual investors representing more than $3.4tn in assets under management have divested a portion of their fossil fuel investments and committed to divesting the balance in the next five years. The corollary of divesting fossil fuels is re-investing in the clean energy future. As an invitation to a larger discussion of how we can invest in a clean energy future, we created the Carbon Clean 200 (Clean200TM) – a list of the 200 largest companies worldwide ranked by their total clean energy revenues.

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Corporate transparency

Improving sustainability disclosure requirements

Considerable effort goes into sustainability reporting, but to what end? On the critical issue of climate change, we now have a potentially game-changing answer from finance ministers: to protect the financial system.

Last year, G20 finance ministers asked the Financial Stability Board (FSB) to consider how the financial sector could take account of the risks climate change poses to our financial system. The upshot is an FSB climate task force report due later this year that will recommend consistent climate-related financial risk disclosures. The recommendations will penetrate the financial mainstream standard-setters in a way that previous efforts by NGOs could not. The G20’s Green Finance Study Group, created under China’s presidency, provides a valuable forum for such recommendations to be taken up.

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