The father of capitalism, Adam Smith, wrote: “People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.”
The Council for Clean Capitalism is an experiment to show it is possible for leaders of major businesses to join together as a force for good. Our goal is a wealthier society that accounts for all of our sources of wealth (human, financial, natural, social, and produced).
The idea is to enhance incentives, infrastructure, information, and investment to better reward those who create sustainable wealth. In 2013, our work led to creation of an Ontario green bonds program to begin in 2014. It will enable investors to direct billions of dollars to green infrastructure projects.
In 2014, we will continue to take a pragmatic, high-impact approach to advancing our core priorities: green buildings (speed for LEED, energy disclosure), green bonds (sovereign issues), green accounting (putting natural capital on public balance sheets), and green infrastructure (transmission lines to rescue stranded renewable assets).