Peter bakker wbcsd biography samples

They are working collectively to accelerate the system transformations needed for a Net Zero, nature positive, and more equitable future. What is your take on the state of capitalism and its role in driving sustainability forward? Capitalism is the best model that the world has developed so far, but it has shortcomings with regards to key sustainability challenges.

It excludes the impacts that human and corporate activities have on climate change, on nature, or on inequality. That says it all: If it isn't cash, it is not part of the model. Capitalism values impact based on discounted cash flows. Unless the world agrees to put a price on carbon—which in the current geopolitical environment is incredibly difficult.

In the future it would therefore be helpful to develop a model that can provide more holistic signals to the real economy. The main responsibility will rest with companies and financial actors, while governments will have more of a supporting role to play. Companies and investors need to have the right incentives to integrate climate, nature and inequality into their decision making and risk assessment processes.

We need to get from fossil-fuel- to electric-powered cars and most companies get that by now. But do they understand the physical risks that climate change may bring to their supply chains? Companies in all sectors also need to set Net Zero targets. While most companies have done that, there has been only a limited focus on integrating the climate transition plan into corporate strategy.

Santander Menu. Copy URL. URL copied to clipboard. CLOSE 3 s. Santander Share. Madrid 4. Education [ edit ]. Career [ edit ]. Other activities [ edit ]. Awards [ edit ]. References [ edit ]. Retrieved 18 February The Guardian. ISSN