Impact Investing: Urgency is Vital

Author: 
Source: Financial Times

We know that climate change is a huge challenge. We know we need to get to grips with it. We know we’re off the pace in solving the rest of the UN’s sustainable development goals. We also know, unequivocally, that solving these problems will have a cost. Here we have procrastinated, setting targets for 2030 and 2050 that lull us into thinking there is plenty of time. By borrowing basic concepts from the world of finance and applying them to impact, we can see what is wrong with this approach. We can see the urgency of the challenges we face and the vast costs — human, environmental and financial — of inaction. We can also see the huge opportunities we have to build a better world.