Footprint Network Blog - Footprint for Business
Global Footprint Network Named One of World’s Best 100 NGOs
The Global Journal, a Geneva-based publication that covers international politics and leadership, named Global Footprint Network as one of the world’s 100 Best NGOs this week. These leading 100 actors represent the changing dynamics and innovative approaches of the non-profit world, Global Journal said in its January/February 2012 issue.
“We are humbled to be in the company of the many innovative organizations named in the top 100 who are seeking to create systemic change, ” said Susan Burns, Global Footprint Network’s Senior Vice President and co-founder. “The world now finds itself at a defining moment where ecological constraints are ever more critical as we seek to secure people’s well-being.”
The Global Journal used a specific set of metrics (impact, transparency, accountability, innovation and efficiency) as a rough guideline to rank the NGOs.
“There is no science in the measuring,” Global Journal said. “How does one – after all – compare the fundamental societal impact of an organization like the Wikimedia Foundation, with the tangible outputs of a well oiled humanitarian machine?”
Global Journal said its Top 100 list was meant to inform, stimulate debate, inspire and show the incredible dedication that is displayed on a daily basis in and out of the spotlight on a daily basis.
“Recognizing the significant role of NGOs as influential agents of change on a global scale, The Global Journal has sought to move beyond outdated clichés and narrow conceptions about what an NGO is and does,” the Journal said as it announced the Top 100 list. “From humanitarian relief to the environment, public health to education, microfinance to intellectual property, NGOs are increasingly at the forefront of developments shaping the lives of millions of people around the world.”
Other ranking organizations included Wikimedia, Partners in Health, PATH, CARE International, Gram Vikas, Oxfam and TED.
Categories:
Ecological Limits, Footprint for Business, Footprint for Government, Human Development, Our Partners’ Work, Personal Footprint
Living Well in a World of 7 Billion
Humanity has reached a new milestone as we hit 7 billion. Never before have there been 7 billion people on planet earth, all at the same time. As we welcome the 7th billion global inhabitant, we also acknowledge the challenges we will face due to a burgeoning population explosion, resource depletion, food and water scarcity and overcrowded cities. This is especially true at a time when humanity as a whole is already using the planets regenerative capacity 50 percent faster than it can renew.
Although humanity’s total demand is unsustainable, this consumption is very unevenly distributed among the 7 billion people. A large portion of humanity does not have enough resources to secure even their most basic subsistence needs. This suffering is intolerable. It affects the rest of humanity, too, most visibly through conflict and instability.
Therefore, Global Footprint Network is mapping how much nature we have, how much we use, and who uses what. In a crowded, resource constrained world this information helps decision makers understand our present resource situation and find options for avoiding unpleasant consequences.
Categories:
Carbon Footprint, Ecological Limits, Footprint for Business, Footprint for Government, Human Development, Personal Footprint
Including Ecological Risk in Country’s Credit Ratings
UNEP FI project seeks framework for assessing government bonds
Could an abundance of natural wealth be a factor in positively influencing a country’s credit rating and the quality of its bonds? Could a resource-guzzling economy be cause for a downgrade?
The UN Environment Programme Finance Initiative (UNEP FI) in collaboration with Global Footprint Network and leading financial institutions will endeavor to shine a light on these questions with a groundbreaking project to explore the role of natural resource accounting in strengthening risk models for government bonds. The project seeks to incorporate how much natural wealth countries have – and how much they spend – into assessments of long-term credit risk.
Tightening constraints on resources and their potential impacts on national economies have been largely absent from financial analysis. Yet such factors are thought to have growing implications for the long-term credit risk of many government bonds, especially those with long-dated maturities.
“The global financial crisis has taught us more than anything that some of the core risks that affect the value of debt securities and derivatives can simply run ahead of our ability to understand them,” said Paul Clements-Hunt, Head of UNEP FI. “This is why we must deepen our understanding of the risks posed by climate change, water scarcity and the overuse of natural resources for securities. We should not be caught off-guard again. This project is one of the first that tries to quantitatively and systematically consider the linkages between the use of natural resources and its impact on a country’s core economic indicators that in turn influence the quality of its bonds.”
The bond project was launched yesterday at workshop at a side-event to the UNEP FI Global Roundtable, which is taking place in Washington D.C. this week. The Roundtable draws hundreds of leading financial experts along with high-level government officials seeking to address the link between financial stability and environmental sustainability.
The project has two aims: it will investigate the linkages between ecological risk and country-level risk in sovereign bonds, and develop a methodology to explore how credit rating agencies, investors and financial information providers can integrate ecological data into their respective models. In particular, the analysis will look at the risks to countries whose populations and/or industries require more resources than is domestically available and which are hence reliant on ecological services from abroad.
“As resource constraints tighten globally, countries that depend heavily on ecological services from other nations may find that their resource supply becomes insecure and unreliable. This has economic implications – in particular for countries that depend upon large amounts of ecological assets to power their key industries or to support their consumption patterns and lifestyles,” said Global Footprint Network President Mathis Wackernagel. “Meanwhile, those countries with reserves of valuable natural capital may find themselves in an advantageous position.”
The project will substantiate the business case for financial institutions and ratings agencies to include ecological criteria as a key component of financially material country credit risk analysis. Institutions will thus be enabled to work towards better inclusion of financially-material environmental, social and governance (ESG) issues in financial products and services.
Learn More Read the Investment & Pension Europe article: Forests into Fixed Income.
Categories:
Ecological Limits, Footprint for Business, Footprint for Government, Footprint Standards, Human Development, Our Partners’ Work
WWF Cymru Launches One Planet Wales Report and Campaign
Global Footprint Network partner WWF Cymru has launched an ambitious ‘One Planet Wales’ Campaign to move Welsh citizens towards high quality, low Footprint lives – with the goal of living within the means of one planet by 2050. Central to the campaign is the recently released One Planet Wales report, authored by WWF Cymru and the Centre for Urban and Regional Ecology, University of Manchester. The report outlines the path forward to reach the 75% reduction in Wales’ Ecological Footprint that will be required to meet the 2050 target.
Categories:
Footprint for Business, Footprint for Government, Our Partners’ Work
McKibben’s Deep Economy Paints Path out of Overshoot
In Deep Economy, renowned environmental journalist and climate activist Bill McKibben has done more than simply write a catchy page-turner; he has created a blueprint for bringing humanity out of overshoot. McKibben weaves evidence of our ecological crisis (including Footprint data) with explorations of the history and psychology of our growth-based economy and “hyper-individualist” culture. Clearly but gently, he shows how global economic expansion has become our culture’s mantra, yet is simply not an option if humans are to survive this era of global overshoot.
Categories:
Ecological Limits, Footprint for Business
Which Government Bonds Have the Best Ecological Return-On-Investment?
In a world in which the traditional ways of valuing investments have proven less-than-reliable in recent months, Swiss investment firm Pictet Asset Management is gaining traction with a new type of bond fund: one which rates countries based on their ability to provide a high quality of life at a minimal ecological cost.
Categories:
Footprint for Business, Human Development