In the report “Materiality in the Long Now: Navigating the Intersection of Decision-Making, Time, and Strategy,” Daniel M. Labovitz and Alexander Kontoleon critically examine the traditional concept of materiality in the context of climate and sustainability reporting. They argue that the prevailing focus on short-term impacts—the “Short Now”—is insufficient for
How to Fund Biodiversity and Fight ‘Biopiracy’ As negotiators from 196 countries prepare to gather at COP16 in Cali, Colombia this October, a critical challenge looms large: how to bridge the staggering $200 billion annual funding gap for biodiversity protection and restoration. Addressing this gap will be at the top
Pegasus Capital Advisors, a leading global private markets impact investment manager, has announced two major milestones: the passage of the Blue Green Bank Act and the signing of a funding agreement with the Green Climate Fund (GCF). These achievements mark significant progress in the establishment of the Blue Green Bank
Key Points: As regulators, investors, and stakeholders worldwide increasingly demand more rigorously produced sustainability data, companies are recognizing the strategic importance of climate change. This has led many organizations to develop plans to reduce emissions and manage climate-related risks and opportunities. For companies, complying with these demands for more detailed
Key Impact Points: As the rain poured down on the Stade de France, the memories flooded back for Julien Alfred, who had just crossed the finish line as the Olympic 100-meter champion, securing St. Lucia’s first Olympic medal. With tears in her eyes, she dedicated her victory to her late
Key Impact Points: Resilient Leadership in the Face of Adversity Lorenzo Sanford, at 26 years old, stands as the youngest Chief in the history of the Kalinago people, embodying the resilience and urgency of his community in the aftermath of Hurricane Maria. His election came in the wake of devastation,
Key Impact Points: Seven influential environmental advocacy groups have announced their endorsement of Vice President Kamala Harris for President in the upcoming election, emphasizing her strong track record on climate issues and leadership in environmental justice. This coalition includes 350 Action, the Center for Biological Diversity Action Fund, Clean Water
Key Impact Points: August 1st marks Earth Overshoot Day, the date when humanity’s demand for nature’s resources exceeds what Earth can regenerate within a year. This milestone, calculated by the Global Footprint Network, underscores the urgent need for sustainable practices to reverse our ecological debt. Background Earth Overshoot Day signifies
Key Impact Points: Breakthrough Energy Ventures, the climate-focused venture capital firm backed by Bill Gates, has secured $839 million in commitments for its third flagship fund, BEV III. According to a regulatory filing, this makes it the largest climate fund raised so far in 2024, underscoring the growing investor confidence
Key Impact Points: The International Accounting Standards Board (IASB) has released an Exposure Draft on Climate-related and Other Uncertainties in Financial Statements, proposing eight examples to help companies apply IFRS Accounting Standards when reporting the effects of climate-related and other uncertainties in their financial statements. Background In response to strong
