ABSTRACT

THERE WOULD APPEAR TO BE three prospective response scenarios on issues of the environment and society for investors to consider. The first ‘option’, business as usual, is where most investors are presently placed, leading to some form or other of catastrophe whether related to storms, biodiversity loss, sea level rise, etc., or some combination thereof, and very likely economic collapse. A second overarching scenario, incremental change, on the other hand appears to be insufficient. We struggle to find adequate pathways to sustainability through ‘wedge’ theory. The latest estimates across analysis ranging from the International Energy Agency’s future studies and similar from the International Finance Corporation (IFC), World Resources Institute (WRI) and UN Environment Programme (UNEP) suggest we are on the brink of big trouble with incremental approaches being anything but close to enough.