Editor’s Note: Time for business to lead us to sunnier days
Posted July 2, 2021
The kindling for a new and cleaner capitalism has been laid
We grew up in the late ’80s associating corporations with Exxon Valdez, going to bed at night scared that every minute a football field of rainforest was being slaughtered. We grew up hearing how corporations were screwing up the world – our future.
My university classmate and tennis nemesis Paul Fengler and I decided there had to be a better way. As we wrote in our first editor’s note on the release of our inaugural Best 50 Corporate Citizens in Canada, “Corporations don’t exist in a vacuum: we as citizens are their lifeblood. Our ignorance and complacency does not grant permission to corporations to destroy the world – it necessitates it.”Continue Reading...
A short history of responsible investing
Posted May 11, 2021
From Quakers outlawing the buying and selling of humans to the Bank of England buying green bonds, we chronicle 260 years
Editor’s Note: We can’t let greenwash make us lose sight of the prize
Posted April 12, 2021
Former BlackRock chief calls sustainable investing a farce but millions investing in a better world can't be ignored
This March, Tariq Fancy, the former chief sustainable investment officer of the largest investment house in the world, BlackRock, called out the multi-trillion-dollar sustainable investment complex for perpetuating a massive greenwash campaign that is duping the public and imperiling the planet.
Fancy made three main points:
1. Wall Street is hawking funds labelled as green or sustainable that in many cases are anything but.
2. The much-pedalled idea that sustainable investing is good for the bottom line is a myth.Continue Reading...
Introducing the 2021 Carbon Clean200: Investing in a Clean Energy Future
Posted February 18, 2021
Carbon Clean200 surges ahead, leaves dirty-energy index in the dust
Corporate Knights and As You Sow have released the annual Clean200 list of publicly traded companies that are leading the way with solutions for the transition to a clean-energy future.
Since our first report was launched in the summer of 2016, a great deal has changed in the world.
Larry Fink, the CEO of the largest investment firm in the world, BlackRock, wrote in his 2021 letter to CEOs:
“Given how central the energy transition will be to every company’s growth prospects, we are asking companies to disclose a plan for how their business model will be compatible with a net zero economy – that is, one where global warming is limited to well below 2°C, consistent with a global aspiration of net zero greenhouse gas emissions by 2050.”Continue Reading...
Editor’s Note: Time to go all in on the zero carbon economy
Posted February 1, 2021
What gets funded gets done. How we invest our trillions starting right now will determine our future
When Elon Musk was a teenager living in Montreal, he ran an experiment to see if he could survive on a dollar-a-day food budget for a month. If he could live on almost nothing, he thought, he could afford to risk everything. Even if he failed spectacularly, he would always be able to scrounge up $30 to avoid going hungry.
A combination of pasta, hot dogs, oranges and green peppers got him through the month.
Some 30 years later, riding Tesla’s soaring stock, Musk passed Jeff Bezos to become the richest man on the planet, with a net worth of US$189.7 billion as of January 8, 2021.Continue Reading...
My favourite year
Posted January 1, 2021
Corporate Knights' Editor-in-Chief reflects on the (green) silver linings of 2020
The familiar joys of the festive season are muted this year by fears surrounding the pandemic and the sputtering economy. In the background, many of us still hear the ticking time bomb of climate change.
Just maybe, however, 2020 will go down as the year we started getting things right. Science broke all speed records for developing effective vaccines. The United States elected a president with the greenest agenda ever. Solar emerged as the least expensive energy source in history. And more political and business leaders are recognizing that society’s vulnerability to COVID-19 is rooted in longstanding inequities and harmful behaviours that are finally being addressed.Continue Reading...
Editor’s note: Lighting a path to the world we want
Posted June 27, 2020
It will take a community to overcome the forces of status quo
My great-uncle David Heaps bounded up flights of stairs into his 80s. While he never lost the bounce in his step or his wry wit, his counsel in later years was tempered by rebellious realism – no doubt the result of seeing rapid progress in the decade after World War II, which was subsequently swamped by the forces of conventional wisdom and groupthink that so often seek a reversion to the status quo.
Two of Uncle David’s axioms replay in my head on a regular basis:
“It’s a losing battle, but then those are the only ones worth fighting.”Continue Reading...
How Canadian businesses can Own the Podium
Posted June 8, 2020
A green recovery could be a shot in the arm for Canadian companies to win on the world stage
A new social contract and climate capitalism: Our best shot at building back better
Posted May 14, 2020
COVID has exposed the brittleness of our economic system. People and climate must be at front of the line come stimulus time
The COVID crisis and the climate crisis have a lot in common.
Both are mortal threats to humanity, but the coronavirus has the urgency of a bullet coming at our heads, whereas the climate crisis is a slower burn (albeit increasingly prone to blazing flare-ups).
With the coronavirus, time is compressed into minutes, hours, days and months. What we do today can determine if our families, neighbours and communities get deadly ill in the next 14 days. That temporally compressed line that connects our actions to their life-saving impacts has spurred governments around the globe to make the tough decision to lock down their economies and bring the engine of capitalism to a shuddering halt.Continue Reading...
The Canada we want: How a green recovery can help us bounce back stronger
Posted April 15, 2020
Applying a climate lens to the recovery package will help ramp up some of the best opportunities to get people back to work
This time last year, governments around the world – including Canada’s – began declaring emergencies. Nothing to do with a virus, just a planet on fire. Meanwhile, we continued to pour kerosene on the fire, while somebody was off consulting stakeholders to find the telephone number of the fire department.
The coronavirus is a whole different beast. Within 30 days of the first recorded death in Canada (an 83-year-old man at North Vancouver’s Lynn Valley Care Centre on March 9), the federal government rolled out direct new spending of $105 billion to deal with the immediate fallout from shutting down vast parts of the economy in an attempt to contain the virus.Continue Reading...