Proceeding from UN strategy the next 10 years were declared the period of small farmers that aims on reducing poverty and improving global food security. Small family farming, besides of poverty and food control, can also be a key to reaching some global goals: gender equality, good health and well-being, sustainable community growth, partnership for […]
The world’s largest pools of capital lag far behind social and environmental initiatives and dramatically dampen the potential for any permanent progress towards a clean and just economy. Banks, in particular, continue to feed the current system by providing low cost capital to industries that directly fund socially and environmentally destructive change, utilizing out-dated risk models and managing to short-term profitability metrics imposed by secondary markets.
Banking today needs to support the sustainable development of local and global economies towards a fair, just and transformed economy. Banks need to develop unique capital and technological solutions to help accelerate our necessary transition off of fossil fuels rather than keep us in a 1950s mindset. Customers need to align with banks and companies engaged in this transition to establish a clear market signal for others to follow.
Ravi Mikkelsen, Pete Hellwig