Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Contribute
Submit Post

Latest topics

» B P P L HOLDINGS PLC (BPPL.N0000)
by NANDANA2012 Today at 7:24 pm

» HPFL,VPEL and VLL Very Interesting Price to enter
by NANDANA2012 Today at 7:19 pm

» ACCESS ENGINEERING PLC (AEL.N0000)
by roshan1039 Today at 7:18 pm

» භාණ්ඩාගාර බිල්පත් පොළියේ සුවිශේෂී පහළ යාමක්
by NANDANA2012 Today at 7:16 pm

» මහින්ද යළිත් අගමැති තනතුර අබියස
by fireshelter Today at 7:12 pm

» A new president heralds a return to stability and growth in Sri Lanka
by God Father Today at 7:09 pm

» User Name Changing
by kasun_gimhana Today at 1:27 pm

» OVERSEAS REALTY (CEYLON) PLC (OSEA.N000)
by dhaneenja Today at 1:05 pm

» LANKA IOC PLC (LIOC.N0000)
by kasun_gimhana Today at 12:54 pm

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
by vikiperera Today at 12:38 pm

» COLO and DOCK Moving to 100
by NZ BOY Today at 12:30 pm

» CITRUS LEISURE PLC (REEF.N0000)
by Gajaya Today at 12:14 pm

» Shares to Buy
by reyaz Today at 12:09 pm

» EAST WEST PROPERTIES PLC (EAST.N0000)
by Invest2018 Today at 11:27 am

» OPINION POLL: Presidential Elections 2020
by samaritan Today at 10:29 am

» Teller's Predictions
by samaritan Today at 9:06 am

» අගමැති ධූරයෙන් රනිල් ඉවත්වේ - ගෝඨාභයගෙන් ඇමති ධූර15 කින් යුතු භාරකාර රජයක්
by cseranga Today at 8:55 am

» GR-MR administration ready with economic strategy for Sri Lanka: Cabraal
by samaritan Today at 8:53 am

» SMB LEASING PLC (SEMB.N0000)
by Mr-Star Yesterday at 8:22 pm

» FIRST CAPITAL HOLDINGS PLC (CFVF.N0000)
by ampm86 Yesterday at 6:45 pm

» ROYAL CERAMICS PLC (RCL.N0000)
by NANDANA2012 Yesterday at 11:52 am

POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC

Advertise

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market & Forum Help » Political and Socio-Economic Analysis » We need an economic model that works for people and the planet

We need an economic model that works for people and the planet

Go down  Message [Page 1 of 1]

Rare

Rare
Stock Analytic
Stock Analytic
https://www.weforum.org/agenda/2019/09/how-to-make-markets-more-sustainable/

In the last 50 years, we’ve seen dramatic and unprecedented progress in human indicators, and the market system has served us well on so many levels. But deep fractures are beginning to show. Income inequality has increased in almost all countries, albeit at different speeds. At the same time, we see record environmental degradation, loss of species at unprecedented rates – some 200 per day – severe stress on food systems and water, massive deforestation and climate change. Today, markets are unsustainable.

We need a new economic model – a model that benefits people and planet.

Last month, 200 CEOs redefined the purpose of a corporation: no longer would shareholders have primacy. Companies should be run for the benefit of all stakeholders – customers, employees, suppliers, communities and shareholders. This is the same idea – the multi-stakeholder theory – that underpinned the founding of the World Economic Forum in 1971. As we face an unprecedented environmental crisis, the idea is taking firmer hold.  A recent survey of a CEOs found 90% believe sustainability is important to their companies’ business success. Behavioural economists now believe that the entire premise of classical economics – that people will always act in their own self-interest – is wrong.

What is the World Economic Forum’s Sustainable Development Impact summit?





Show

This is the good news. Hearts and minds are changing. An increasing number of millennials, business leaders and women in particular are calling for a new kind of market: a sustainable market, an inclusive, equitable, green and profitable market where sustainable principles drive growth, generating long-term value through the integration and balance of natural, social, human and financial capital.

To capture this momentum, HRH The Prince of Wales, with the support of the World Economic Forum, has formed a Sustainable Markets Council. This Council will bring together a unique coalition of corporates, governments and multilateral financial institutions to galvanize the commitment, action and strategic leadership needed to transform our market mechanisms to work for, not against, sustainability.

Building sustainable markets requires change in three main areas: a shift in corporate business models, a reoriented and mobilized financial system and an enabling environment that promotes regulation and incentivizes action. Already, we see change. Today, global estimates  suggest the market for sustainable household appliances, reflecting consumer demand, is $546 billion and growing. As another example, Boston Consulting Group estimates  $23 trillion of assets under management worldwide are in funds focused on environmental, social and governance criteria.
We need an economic model that works for people and the planet YTzInZ2KOzEKqvbgXF2FmUJfB5nQm_W2GaOLd_bJcVM
How big investors can have a big impact on society and sustainability

Image: Boston Consulting Group

But there are dangers as well as opportunities – dangers of greenwashing, dangers of misaligned tax and incentive regimes, danger the plethora of sustainability initiatives fail to deliver scale or critical mass.

As companies, we must move beyond corporate social responsibility as a business add-on (and to be fair an increasing number are doing this) to mainstream, transforming businesses to align strategy, structure and other activities to ensure long-term stakeholder value in addition to financial returns. The lack of universal measures to transparently define goals and assess progress is a concrete challenge. Global standards, backed by regulators, will be game changers.

We also need a financial system fit for purpose. We must address flawed pricing systems in capital markets that result in relentless allocation of capital to short-term, unsustainable uses. We need financial regulation and reporting that integrates sustainability with global standards and mandatory disclosure.

Financing Sustainable Development




Show

Finally, we must recognize that what governments do and don’t do is critical. Incentives can attract or repel investment, taxes can favour or suppress energy choices, and information, such as in food or product labelling, can win or lose customers. We need to steer towards sustainable stakeholder capitalism. A good first step would be to end perverse subsidies in agricultural, fisheries and fossil fuels.
Consumers have power, too, to persuade boardrooms and cabinets to rethink policies and re-examine bottom lines. [url=https://www.mckinsey.com/~/media/mckinsey/featured insights/urbanization/urban world/mgi_urban_world_mapping_economic_power_of_cities_full_report.ashx]Controlling an estimated 60% of global GDP[/url], citizens and consumers can change the market. We see it happening already.

The time is right. But we will only seize it if we recognize the choice we face: to continue on our current path or to shift to a more sustainable one. This choice brings immense opportunity. To put people and planet at the heart of global value creation. To create new markets and technologies. To explore moonshot innovation and disruptive solutions for our most intractable challenges. To develop new partnership models that deliver more rapid and sustainable results. And to ensure human aspiration can be sustained for millennia to come. We need to make that choice now.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum