How the world is financed and powered; how complex ecosystems are maintained and resources shared all need to be radically transformed. Here, we set out our approach to supporting a sustainable transition across people, climate and Earth.
The widening gap between the demands being placed on the planet and its ability to supply them has deep implications: for everyone concerned for the future, for biodiversity, companies going about their work, and investors.
“We cannot expect to achieve returns near historic levels ad infinitum, because they have been achieved through extractive environmental and social behaviour the planet and society simply cannot sustain,” Vaidehee Sachdev, Aviva Investors’ people pillar lead, points out.
The conversation has swiftly moved beyond climate – an area of obvious market failure – to incorporate natural capital, (defined as the world’s stock of natural assets, including all living things, air, water, geology and soil) as the prospects for the two are closely intertwined.
We also need to address relationships with each other, as the world faces an unprecedented cost of living crisis. Inequality was an issue long before the Russian incursion into Ukraine; now, dramatically higher energy and food costs are expected to force millions more into poverty. Human dignity is being breached, and it is widely accepted that an unequal world is more unstable and less productive.
In Transitioning to a more sustainable future, we explore three of the biggest challenges facing the planet – the climate crisis, biodiversity loss and social inequality – and consider pragmatic transition pathways to putting the world on a more sustainable footing.
Download ‘Transitioning to a more sustainable future’ to understand:
- The connections between three of the biggest challenges facing the planet: the climate crisis, biodiversity loss and social inequality
- What a ‘good’ transition looks like and the possible pathways to achieving it
- The role of investors in mobilising capital and backing a sustainable transition across people, climate, and Earth