The 2018 Xynteo Exchange hosted a face-off between Arvid Moss, EVP of Energy at Hydro and David Suzuki, geneticist and broadcaster, on business and its environmental costs. David started the discussion by pointing out how sustainability is a recent word in the business world and asked Arvid how it was incorporated in Hydro. Arvid replied that since 1905, when the company was founded, Hydro has built cities and sustainable societies in remote areas as that is where the water was. This not only helped the company but also created a lot of wealth for the societies, he said.
A new report is calling for New Zealand institutional investors to allocate around 10 per cent of their portfolios to socially and environmentally postive “impact” investments. Financing the Future, a multi-media report released by green growth promotion group Pure Advantage, cited the huge potential of impact investment to improve environmental and social conditions while generating a return for investors. Simon Millar, executive director of Pure Advantage, said impact investing was possibly the most viable financing strategy for creating a desirable future. “To resolve societal and environmental challenges such as affordable housing, biodiversity loss and climate change, we have three basic options: raise taxes, raise national debt or facilitate more private and community sector investment into social and environmental issues,” Millar said.
This week, Land O’Lakes SUSTAIN (LOLS) has launched two new partnerships aimed at helping farmers scale their sustainability efforts.