Green Swans: The Coming Boom in Regenerative Capitalism

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Green Swans: The Coming Boom in Regenerative Capitalism

Green Swans: The Coming Boom in Regenerative Capitalism

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was a "brilliant chemist and engineer, was awarded over a hundred patents, and employed by GM and DuPont", and has been described as "the single organism in Earth's history that has inflicted the most damage on the planet. What is exciting about Elkington's Green Swans is, as he describes them, that they are 'dynamic trajectories to seemingly impossible outcomes and solutions'. As many business leaders agree that we are nearing the brink of what our biosphere and societies can withstand, the 2020s will see radical scientific and economic changes at a pace we have never encountered before, Elkington predicts. By minimising microprudential risks such as stranded assets while at the same time mitigating climate-related macroprudential risks, one-for-one capital requirements also fulfill the requirements of double materiality, thus breaking the climate finance doom loop. This led us to speaking about large scale ecosystems restoration, and how a more systemic climate change response needs to go beyond carbon myopia and pay attention to heal the water cycle bioregion by bioregion.

This is how John Elkington describes his view on the era that we as a species recently entered, the Anthropocene. The closer to transformation we will come, the more the entrenched incumbent industries will fight back, and they won’t do it cleanly, and they won’t do it transparently. i132497906 |b 1030003649197 |d cmg |g - |m |h 10 |x 4 |t 0 |i 2 |j 18 |k 200910 |n 04-18-2023 15:05 |o - |a HD60 .Well you may have heard of Nicholas Taleb’s Black Swans, which John characterise as “challenges that get exponentially worse in ways that most of us struggle to understand, let alone tackle and solve. As we worked through the early stages of our Tomorrow’s Capitalism Inquiry, the Volans team was repeatedly struck by the multitude of initiatives and languages in this space. We addressed how only cultural evolution will be quick enough to respond to the converging crises we are facing, biological evolution will be too slow, and technological evolution alone will be too full of unintended consequences.

The previous paradigm we all grew up with” is now suffering from “model drift”, “where a growing number of anomalies surface that current mind-sets struggle to spot and understand, let alone tackle. After a comprehensive discussion of the advantages and disadvantages of each of these methods, the report finds that while each prudential pillar is useful in addressing climate risk, regulatory capital requirements are by far the most impactful. Elkington explains that this process starts by coming to terms with the fact that a business does not operate in a vacuum, but can only prosper when society prospers, which in turn depends on a healthy biosphere. Green Swan Risks are potentially extremely financially disruptive events that could be behind the next systemic financial crisis.From our greenYng we have started in 2018 to be part with many other companies to redifine the waste management.

I don't care who you are, you can't say that is healthy for anyone or anything, or the health of the planet.

Black Swans, by Elkington's definition, are huge "wicked" or "super wicked problems" (these are true business terms now in the corporate terminology) that usually are usually not foreseen so they could not be prevented. He has authored or co-authored numerous books and has published several hundred reports, papers and articles for a wide variety of journals, magazines and national newspapers. It is not unheard of that innovations are initially heralded for their capacity to change for the good, but will prove to have unexpected negative consequences. This book is a must-listen for business leaders in corporations great and small who want to help their businesses survive the coming shift in global priorities over the next decade and expand their horizons from responsibility, through resilience, and onto regeneration. It is part of Volans’ Tomorrow’s Capitalism Inquiry, which concludes that both Green Swan market trends and Ugly Duckling innovations need to be embraced at speed and scale among companies, investors, advisors and policy makers.

The four-year-old Network of Central Banks and Supervisors for Greening the Financial System (NGFS) now has 91 members in territories covering 88% of the world economy and 85% of global emissions, NGFS chair Frank Elderson told the event. Greta Thunberg is one of a vast cast of characters who appears in John Elkington’s seminal work, Green Swans: the Coming Boom in Regenerative Capitalism. The NGFS's Elderson welcomed the fact that there were now "no taboos" in the debate over what role central banks can play in tackling climate change. On World Environment Day in June 1989, John Elkington was named to the United Nations Environment Programme's 'Global 500 Roll of Honour' for his 'outstanding environmental achievements'.A Green Swan delivers exponential progress in the form of economic, social, and environmental wealth creation. Black Swans are dramatic events which few, if any of us, see coming even though they are often “inappropriately rationalised after the fact with the benefit of hindsight. Novo Nordisk was the first large company that formally embedded the Triple Bottom Line in their business strategy.



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