Tag Archive for ‘Natural Resources’
In an excerpt from their new book, two senior McKinsey consultants argue that rather than facing a crisis because of natural resource scarcity, businesses confront an opportunity that will reframe the world’s economy and create opportunities for trillions of dollars in profits.
One researcher reports that human society is in a “global overshoot,” consuming 30 percent more material than is sustainable from the world’s resources. He adds that 85 countries are exceeding their domestic “bio-capacities” and compensate for their lack of local material by depleting the stocks of other countries.
Investment firm Walden Asset Management recently researched and compiled quotes from sustainability and corporate responsibility reports by several dozen companies in a wide range of industries. The exercise showed, says a Walden executive, that attention to such issues has become vitally important for a company’s business, and that transparent reporting is, as one CEO said, one of “the prices of doing business today.”