Michael Hassett

Michael Hassett

Posts by This Writer

9 years 9 months ago

Many studies have established a link between profitability and CSR.  Early work focused on a fundamental question – would socially responsible behavior interfere with profit maximization.  The answer was a resounding no, at least if you were willing to look at the long term.  The good corporate citizen makes more over the long term because responsible behavior builds a reputation that attracts customers and quality employees and leads to a corporate mindset that identifies opportunities.  Everyone reading this...


9 years 9 months ago

At their recent meeting in Canada, G7 finance ministers and central bankers agreed to work with the IMF to develop a global tax on banks to defray bailout costs and reduce global banking's exposure to financial risk .  As of February 10, 2010, UK Prime Minister Gordon Brown seems confident that the IMF will be ready with a global bank tax proposal for approval by the G20 in June.  Maybe that arctic dog sled ride distracted everyone, but it seems like this should be drawing some bigger headlines.  What...


9 years 9 months ago

Scott Brown's Senate win in Massachusetts has reset negotiations on U.S. financial risk and bank regulatory reform, particularly in the Senate.  Heavyweights like Paul Volcker, Joseph Stiglitz and even some guy named Obama are weighing in with proposals that emphasize consumer protection, increased capital requirements and restricted investment scope for banks, maybe even new bank taxes.   With all due respect for the heavyweights and the fact that the recession may have been triggered by a bursting...


9 years 9 months ago

Trillions and Trillions. That's not the ghost of Carl Sagan adjusting for inflation, it's what the world will likely  pay to deal with climate change, even if we find the global political will to limit greenhouse gas emissions soon.

How do we address this financial risk, who will pay? Everyone, directly or indirectly, in amounts small and large. You will pay the cost of climate change with your taxes and probably with your gasoline and power purchases, and that's just the start. Sometimes, when the cost is...


9 years 9 months ago

Finance ministers and central bank heads from the G7 ( for those of you who had already  mentally tossed the G7 on the scrap heap of history, that would be Canada, France, Germany, Italy, Japan, UK and US – the pantheon of the developed, emerging markets need not apply) concluded two days of meetings in Iqaluit. a remote village in the Canadian arctic. (Is there any other kind of village in the Canadian arctic?)  After considering budget deficit crises in Greece, Spain and Portugal and related stress...


9 years 9 months ago

Sergey Brin knows where I hide my toe nail clippings and Jeff Bezos can tell me what page I'm reading in the copy of SRI magazine next to the toilet.  Does this scare me?  Sometimes.  But  I wonder, could the massive data bases developed by companies like Google and Amazon, and the amazing capabilities companies like these have created to mine their data, be used to foster SRI,  support CSR and generally promote good (or at least not evil in the case of Google)?

Define “good”, thinks the discerning reader...


9 years 9 months ago

Community Water Solutions (CWS)  is a Massachussetts based, not-for-profit, created to build sustainable water businesses at the community level in the developing world.  Although less than two years old, CWS has already employed its innovative business model to implement water systems in three villages in Ghana, each now successfully operated for profit by local proprietors, and is now raising capital for eight more village systems.  On a continent where 700,000 children die each year from treatable...


9 years 9 months ago

Welcome and thanks for reading, whether you're a jaded veteran who suspects socially responsible investing  (SRI) might appear in the dictionary under “oxymoron” or a lucky, if slightly thick-thumbed, passerby searching for posts on your favorite TV crime lab who just discovered that CSR (oops) equals corporate social responsibility.  I'm Mike Hassett.  I'll be writing on sustainable finance topics here at Justmeans and I'm about to present a highly subjective and selective view of my own background in the hope that you will be deluded into returning...


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