On November 17, OpenAI’s CEO Sam Altman was fired by the board of directors of OpenAI. Speculations about what happened suggest that there was a separation in the company between the commercially-minded Altman on the one side, and the more cautious non-executive board of directors on the other. The board fired Altman to [...]
Since the 2015 Paris Agreement recognised the role of capital flows in climate change mitigation, EU regulations have sought to harness finance to achieve climate neutrality by 2050. New laws inter alia created a common framework for defining sustainable activities (“Green Taxonomy”) and introduced dedicated treatment of ESG (environment, social, governance) issues qua risks. [...]
The paradigm of contemporary business is extractive; it is oriented towards generating large profit margins from energy, resources, money, personal data, labour, health and well-being. Extractive capitalism presents us with a particular mentality in which the world is regarded as a frontier of conquest rather than a home. This mindset shapes how people [...]
One way to look at sustainable finance is through the lenses of corporate governance. 100 large companies worldwide are responsible for 71% of Greenhouse Gas emissions (GHGs). About one third of these are publicly held companies. Therefore, the ability to influence the decision-making of publicly held companies may have a significant impact on climate [...]