We are in a moment. The moment of Time’s Up and #MeToo. The moment of women’s marches. The moment of Harvey Weinstein and Justice Kavanaugh. The moment when more women than ever before have been elected to public office. It’s also the moment when investors have an historic opportunity to become a powerful force for advancing gender equality across the globe.
Computer-driven financial markets on unregulated electronic exchanges programmed by algorithms now dominate Wall Street, along with high-frequency trading (HFT). The infamous “Flash Crash” in May 2010, driven by electronic trading, caused stocks in many 401Ks to suddenly fall to pennies and recover in split seconds. Small investors lost confidence, pulling some $70 billion out of stock markets.
Much has been written about the disruptive shifts in many industrial sectors, from retailing, publishing, manufacturing, entertainment, medicine, law, architecture, transport and public services caused by computers, automation and the digital revolution. Since the robotization of automobile production in the 1960s, debates have raged over the social impacts on employment, cities, education, technological obsolescence, socio-economic policies and globalization. Now the two pillars of all economies are falling: energy and finance.
SAN FRANCISO, October 23, 2012 /3BL Media/ - BSR’s 20th anniversary Report—launched today to coincide with the opening of the BSR Conference 2012—shares a vision of the change needed to accelerate progress on sustainable business. In “BSR at 20: Accelerating Progress,” BSR assesses how far the world has come in solving sustainability challenges, and what we need to do now to fast-forward progress.