Heroic Accounting – New proposals for monetizing corporate planetary impacts are alluring, impossible and perilous
On September 20, 2021 by adm1nStanford Social Innovation Review By Andrew A. King & Kenneth P. Pucker Sep. 20, 2021 As concerns mount about social and environmental sustainability, an unlikely planetary hero has emerged: the accountant. A growing collection of investors, academics, and business leaders have proposed that better accounting practices can overthrow what Financier Ronald Cohen calls “the tyranny […]
The Trillion-Dollar Fantasy Linking ESG Investing to Planetary Impact
On September 13, 2021 by Ken PuckerInstitutional Investor On April 8, the National Oceanic and Atmospheric Administration observatory in Mauna Loa, Hawaii, reported that the carbon dioxide levels in the atmosphere had reached 419 parts per million, the highest levels recorded in more than 4 million years. That same day, BlackRock, the world’s largest asset manager, announced another milestone: It […]