Two decades have passed since the first Earth Summit was held at Rio de Janeiro. The Rio+20 Earth Summit will be held this week to mark the 20th anniversary of the 1992 conference, to review the progress made in implementing the sustainable development agenda during these years and to frame guidelines for the years ahead.
|
|||||||||||||||||||||||||
|
|||||||||||||||||||||||||
|
Niranjan Rajadhyaksha wrote in his weekly column The Impartial Spectator describing how culture influences growth of nations, “Parking behaviour is a reflection of social norms prevalent in a country”. And social norms affect (directly and indirectly) the way we conduct our economic activities that have a bearing on the nation’s economic progress. The author cites Morgan Stanley Smith Barney has launched Impact Platform – an investment product offering retail investors an opportunity to participate in impact investing. Impact investing [1] was until very recently a domain pursued mainly by multilateral development finance institutions (IFC, ADB, AfDB, etc), unilateral government sponsored funding institutions (CDC, FMO, Norfund, Finnfund, etc) and niche development JP Morgan reported US$2billion trading loss when its trader Bruno Iksil’s (nicknamed London Whale for his big ticket trades) shorting of credit derivatives (synthetic credit default swaps) reversed as the Euro zone problems resurfaced last month. Looking at it from the other side, JP Morgan’s loss made some other aggressive risk taking traders (read ‘Whales’) Firms will have to adapt to the changing environmental realities and adjust their business models to sustain in the long run. |
  |
||||||||||||||||||||||||
|
|||||||||||||||||||||||||
Recent Comments