Excerpt
Excerpt
Sustainability as a Social Movement. Robert Eccles, June 2016, Paper. "If you think about sustainable development-the classic definition from the Brundtland Commission is meeting the needs of the current generation without sacrificing the needs of future generations-the private sector has a fundamental role to play. Investors are starting to incorporate these in their decision making, but there's a lot of greenwashing. [...]portfolio managers think this stuff is important and asset owners put pressure on asset managers, you won't start to extend the time frame. Creating a Sustainable Society We wouldn't have the capital markets today without financial accounting standards and reporting requirements." Link