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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.”

Size of the prize

How Bay Street could make $110 billion from climate change solutions

Canada’s plan to tackle greenhouse gas emissions, the Pan-Canadian Framework on Clean Growth and Climate Change, sets a clear trajectory for transition in the Canadian economy.

This is in line with the global economic shift to a sustainable economy increasingly driven by cost-effective technologies that offer investors a strong return on their investments, separate from any public policy considerations.

Making the clean transition in Canada will require average annual investments of $158 billion per year from 2019 to 2025 across the building, transportation, power and heavy industry sectors, according to Corporate Knights estimates.

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Clean Transition Bonds could unlock $1T+ in oil sands opportunities

Corporate Knights and the Council for Clean Capitalism today released draft Clean Transition Bonds Guidelines – a crucial first step in establishing an important new category of green bonds. CTBs will be instrumental in enabling Canada’s energy and other carbon-intensive industries to further reduce their emissions, while at the same time leveraging massive opportunities for process improvement and new product development.

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Divestment would have made NY pension fund $22B richer

By Toby A.A. Heaps
Research by Corporate Knights shows that avoiding fossil fuels would have made the state pension fund much wealthier.

The New York State Common Retirement Fund (NYSCRF) would be an estimated $22.2 billion richer had it decided to divest its fossil fuel stocks ten years ago, according to analysis performed by Corporate Knights. That works out to more than $19,820 for of each of the fund’s 1,122,626 members and retirees, an amount that would have covered more than 25 percent of the costs from 2012’s climate change fuelled Superstorm Sandy.

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Beyond pipelines

How to get all of Canada paddling in the same direction

At a summit back in 2014, then-Canadian Ambassador to the U.S. Gary Doer extolled the environmental virtues of pipelines, leaving a lot of people scratching their heads. Sure, it’s safer and more efficient to move oil by pipe than rail, as the Lac-Mégantic tragedy showed. But his suggestion that more pipeline capacity would not influence oil sands expansion and its attendant environmental impacts was disingenuous. Or at least it was back then in a world with $100 oil.

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Knights of the (clean capitalism) realm

It's not enough to be focused on CSR

A number of years ago at a dinner hosted by Corporate Knights, Lord Nicholas Stern asked what a “corporate knight” was and if he could become one.

I didn’t have the heart to tell him no, but according to Arthurian legend, his role counselling governments on the costly risks of delaying action on climate change would be more akin to Merlin, King Arthur's adviser, prophet and magician. But his question of what and who is a corporate knight has lingered, and is in need of some clarification.

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