Make oodles of money while saving the planet
At COP27, John Kerry, the United States climate envoy, is now claiming that corporations can help to avert the pending climate collapse by offsetting their carbon emission.
Let me up the ante on Kerry. If every company in the world, large, medium, and small, becomes a benefits corp or a co-op, could we then avert climate collapse and solve inequality to boot?
Maybe some of you, the moment you see the words co-op or benefits corp, are already shouting an emphatic YES! But if you are not sure, then what if they also use triple bottom line accounting, has a corporate social responsibility officer and a diversity officer in the C suite? What if they also donate 1% of their profits to environmental and poverty alleviating charities? What if they not only offset their carbon footprint, they also put climate friendliness into their corporate mission statement?
What must corporations do to convince us that instead of extracting and destroying life on Earth, they will now work for the benefits of all, or at least reduce their extraction to a “sustainable” level?
Goldman Sachs is a champion for green investment. This is them announcing their own $750 billion green investment, and this is their recent call for others to invest $6 trillion in green investment. As Goldman Sachs sees it, green is the next…