As the horrendous economic news continues to pile up, somehow stock prices keep bouncing back, leaving many of us scratching our heads. This week’s guest on Sea Change Radio tries to help us make sense of it all. Mark Tulay, a consultant and expert in the field of sustainable investing, breaks down how Wall St. can essentially ignore economic reality, and how the stock market paints a picture of economic health despite the tens of millions of Americans suddenly out of work. Will Wall St.
The Covid 19 crisis has fundamentally changed things, not least for the asset management industry. Whether it is about focusing on their social purpose, highlighting the importance of staying calm, emphasising leadership, arguing about the need for active management, the development of a systems framework for investing, or stressing the need for sustainability and other key factors, senior leaders tell Professional Investor what the crisis has highlighted for them.
Over the past decade, major economic and social trends have been shifting the nature of work both in the U.S. and globally. The climate crisis, automation, the gig economy and eroding labor rights are just some of the disruptive forces that have upended business as usual for companies and workers. And, now the coronavirus pandemic has put these associated systemic, financial and reputational risks into even sharper focus. Disruptions like these don’t just bring risk—they also offer us chances to learn, to innovate, and to envision a better and more sustainable way forward.
The coronavirus pandemic has not only dramatically changed our world and our way of life, but it is shining a light on our universal interconnectedness and our vulnerability to the seismic risks that have rocked our current capital market systems. Whether it be a deadly virus or the climate crisis, we are experiencing first hand the need for collective action and mass mobilization.
Tune in to the Ceres 2020 Digital Program to learn how we can build a more resilient, sustainable global economy and help prevent future crises. Upcoming sessions:
"We're in a super difficult moment. We need to reimagine capitalism," Henderson, a professor at Harvard Business School, and member of the Ceres’ board of directors, said in her opening remarks at Ceres 2020.
by Jaxon Love, Global Lead, Environmental Sustainability
Multimedia with summary
This year marks the 50th anniversary of Earth Day. Given the current environment, many of us may be inclined to skip the April 22nd occasion, but the COVID-19 crisis should not deter our focus and the opportunity to shine a light on the threats and challenges facing our planet. While we must continue to recognize and support our political leaders, medical workers, first responders, and everyday people as they take unprecedented measures to control the virus outbreak, we must also look toward the future to ensure a healthy, thriving planet.
J.P. Kloninger is the Program Manager for Whole Planet Foundation’s North America microfinance portfolio and Team Member Giving. He previously served as Program Director for Latin America and the Caribbean, and as Administrator of Finance and Business Analysis. A native Californian who grew up in Costa Rica, J.P. has diverse experience with microfinance in the developing world and the U.S.; food and technology import and export; sales and marketing; food production and agricultural engineering; and more.
April 10, 2020 /3BL Media/ - For more than 170 years, American Express has been committed to backing our colleagues, our customers, our partners and the communities we serve around the world. As we navigate the COVID-19 pandemic, this commitment is more important than ever, and we wanted to share an update on some of the actions we’ve taken during this unprecedented time.