Blood and Gore try to define Sustainable Capitalism
27 Jun 2010Generation Investment Management Partners make a case for longer time horizons for financial industry compensation. It's hard for me to understand who would argue against this other than the people benefiting from the short sightedness of Wall St. bonus culture but the authors still get hammered in the comments section.
They say "Before the crisis and since, we (and others) have called for a more long-term and responsible form of capitalism—what we call "sustainable capitalism." Sustainable capitalism seeks to maximize long-term value creation. It explicitly integrates environmental, social and governance (ESG) factors into strategy, the measurement of outputs, and the assessment of both risks and opportunities. Sustainable capitalism challenges us to generate financial return in a long-term and responsible manner."
I think this is a part of sustainable cap but maybe not a totally encompassing view. Sust cap shouldn't solely exist to generate financial return. Why can't we also measure environmental and social return on investment? No, it's not as straight forward but it's certainly possible.
Additionally, these guys only offer investment products to high net worth investors. It's kind of like the Whole Foods state of mind that says only rich people are "enlightened" enough to have healthy food. Additionally, you can see their portofolio of investments here: http://www.stockpickr.com/port/Al-Gore-Generation-Investment-Management/ and as someone who follows this space pretty closely I can't find more than a few companies in their top 30 that have sustainability embedded in their company.
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