Just two countries, China and the US, are responsible for more than 40% of the world’s CO2 emissions. Collectively, the top 15 generate 72% of CO2 emissions. The rest of the world’s 180 countries produce nearly 28% of the global total – close to the amount China produces on its own.
Of course, aggregating emissions by country is just one way of assessing the problem and working out how to counter it. The per capita figures tell a different story. In this case, China doesn’t even make the top 20. The per capita No 1 spot goes to Qatar, with Gulf States making up 3 of the top 4. The US is ranked 8th, behind Australia at 7th.
Looking at per capita figures rather than national-level totals could help bring the reality of the climate crisis closer to individuals. For example, a person may feel their decision to use less-polluting forms of transport is pointless in comparison to the colossal Chinese and American CO2 figures.
But seeing how population size alters the rankings, and where their country appears, may encourage people to see a connection between their actions and the results they can help bring about.
Why should we even care what large companies are doing? There are millions of companies out there. Should we try to concentrate on small companies? We should. We should definitely promote, create and finance entrepreneurship and concentrate on private markets.
If you look at the largest 1,000 companies in the world, they would represent much more than 50% of the GDP. That gives you the scale of the challenge in terms of shifting what we have now, which is an economy that optimizes for risk and return, to an impact economy that optimizes for risk, return and impact.
If we don’t shift many of those large companies, we will have a hard time shifting the whole system. You can make arguments like we won’t be able to achieve the Sustainable Development Goals.
Full article here: https://impactalpha.com/qa-with-harvards-george-serafeim-the-link-between-corporate-governance-and-environmental-and-social-impact/?utm_source=Pico&utm_campaign=0817c47854-EMAIL_CAMPAIGN_6_1_2018_12_25_COPY_01&utm_medium=email&utm_term=0_57980c6bda-0817c47854-105620797&mc_cid=0817c47854&mc_eid=935d373114
What we invest in has an impact whether we are intentional about it or not. To have dignity with your wealth, to see your values reflected in your portfolio is what impact investing is about.