Climate Capital for Climate Action.

Climate capital is the fuel that will move the needle on climate resilience, as adaptation should be the focus especially for at risk climate geographies. Loss and Damage makes for good optics. The global north aka rich countries want to survive hence climate action is an agenda otherwise sadly it would not.

It makes resources to have agency, to act and think of a better world. ‘Poverty-rianism’, a Shekhar Gupta neologism is an apt reference here- as poverty only looks aesthetic in Ray movies. Lack of resources stunts intellectual capacity to take long term action.

The main people who say money does not matter are the people with money. Let us all find a way to meet adaptation needs through climate capital. None of the resource colonialism arguments shall matter in an unlivable world where the poorest only suffer. Emissions reduction will be patchy are variegated with a reflection of the power dynamics of today. The global north exists within the global south with the elites migrating to places where their families and assets are secure.

Leave the abstract theory building to the seminar room, climate action needs action, and it is not a h-index temple run for tenure.

IAIA23 Acceptance.

Accepted for a presentation for the fourth year in a row at the International Association for Impact Assessment IAIA 2023 conference in Malaysia.

As an ESIA practitioner which has plenty of overlaps with ESG now a days, resilience is a key area of intellectual interest as the question – what do we do the assessment for? Or the disclosure deluge now occupies mind space as scale, place, spectrum and space impact how we think about what beyond the report apart from tick box measures ?

Hope to present my thoughts in Kuching next year as the previous two or rather three were pandemic pause hit.

Shukran to Hardik Bhai for his steadfast support over the years when no one else gave a chance to do pioneering work on ESIAs.

#iaia23

Sustainability is Essential Services.

In this climate zeitgeist, borrowing a phrase from the pandemic pause, sustainability is essential services and its commercial nomenclature called ‘ESG’.

Survival is essential, and the right quantum of finance available in operationalizing the transition. From the Internal Combustion era to the Electric paradigm, it would need greater implementation intensity of the ideas that are needed now. Access to climate capital is imperative, and fewer reports would help.

Ask the ‘how to do’ question.

#sustainability #finance

Mind Set.

Risk taking is a mindset, where to take the risk is a matter of tradeoffs as part of the game we intend to play. You can either take the main elevator, the service elevator, the KMP elevator or the stairs or the emergency routes. Think of which elevator we want to take.

Call ‘S’ for Context

The aspect of ‘S’ or the community of stakeholders of the business ecosystem enables the sustainability of operations with carbon and beyond. Carbon is quantifiable and can be benchmarked with peers albeit S needs some degree of measurement of impact, social value of initiatives is a good metric, as your consumers (scope one in social terms) is the primary agenda of business.

Some sectors such as resource extraction and manufacturing supply chains will always have a greater focus on social factors than others. Material conditions of businesses are the starting point of any ESG conversation.

People will deliver the emissions transition. Whether to insert the ‘Just’ prefix is dependent on the compliance pressures of the business.

#sustainability#community#business#compliance

A Year in Speaking in Review: 2022

The year started with me being interviewed by Al Monitor on Oman’s Environmental Governance in the aftermath of a new Sultan to speaking on a Club House session on the Qatar fracas in June to moderating a couple of leading ESG industry events to sharing on ‘S’ in ESG Supply Chains.

The surprising highlight of the year when I was interviewed by India Narrative on the history of Indian Labour Migration to the Khaleej.

Grateful to all mentors and friends who have offered precious touch points to share and engage my two cents on issues of the day.

Please do let me know if I can share, comment or moderate on ESG, and Labor in the Gulf or SE Asia.

#speaking

Purpose+Profit: A Book Review

It’s not often that I wolf down a book on ESG during a work week. However, some works of accessible scholarship entail that kind of attention. Profit + Purpose is an intellectual tour de force which provides a ring side view to how sustainability can be operationalized on the ground from a PE Fund focused on SDGs to the B Corp movement.

The author explicitly lays bare the issues with making sustainability happen through projects and that intentions are not enough.

Doing good should not be impossible, it should be the only way to do business. The lens on implementation is refreshing and case studies educate rather than pontificate through high theory.

The writing is direct and is meant for the manager on the frontline of the sustainability trenches.

Must read for all sustainability professionals.