Next practice platforms—The Framework for Sustainability Conversations, part 7/7
Sustainability approaches and strategies #7
Next practice platforms—The Framework for Sustainability Conversations, part 7/7
1—The Framework for Sustainability Conversations
The Framework for Sustainability Conversations considers different programming intervention levels and models, the upstream enabling environment, and the importance of meaningful interaction with communities to ensure better access to sustainability solutions. [+Please read part 1 here].
There are six dynamics in moving toward a sustainable enterprise. We will explore each one of them during the following weeks:
Next practice platforms, part 7/7—this publication.
2—Next practice platforms
If energy is our global economy's bloodstream, industries are its metabolism. It consumes raw food (energy, minerals, and hydrocarbons) to transform it into products and substances (steel bars, concrete blocks, wooden beams, glues, paints, fertilizers, rails, roads, cables, trains, cars, smartphones, teaspoons, and kit furniture) that will enable all of our activities (living, moving, eating, having fun, exercising, reading, voting). It also excretes waste, as does all metabolism.
Historically, most technological breakthroughs take decades to reach the mass market. Investors and leaders are capitalizing on the global enthusiasm for clean technology, hammering out innovations in every energy-related field. Many of the projects show great promise in terms of assisting in the reduction of greenhouse gas emissions. Nonetheless, few people understand this troubling reality: even if energy innovations have great potential, they may not be deployable until it is too late.
Specific institutional steps are required to help ensure that suitable financial and risk structures can be put in place to attract private sector capital and to help ensure that appropriate risk-return ratios can be realized for the private sector relative to their alternative options. A good starting place may be examining the relationship between patenting activity and technology implementation, but there is more to do.
With the stakes so high and bleak outlook, businesses must start making better clean-tech investments right away, especially given the time lag before implementation. Looking at the available solutions, inventors and investors must determine how much carbon emissions can be reduced and which innovations will most effectively address the problem in the shortest amount of time.
To be successful and play a meaningful role in providing capital for investments that can enhance development impacts, new practice platforms must be integrated into every single planning process.
There's a need for a high confidence level that governments and businesses require to respond to global challenges. Conceptual frameworks can somehow predict the pace of clean-tech innovation and deployment—taking full account of the infuriating lag between the two.
But as we evolve in understanding which technologies promise to do the greatest good on the fastest schedule, new practice platforms require regulatory reform to scale effectively.
Given the positive impact that new practice platforms can have on emerging markets, processes that facilitate the engagement of private capital and the collaborative use of public funds should be developed at any country level. Any organization to help ensure the approach's long-term viability and scalability.
3—Practice with the Framework for Sustainability Conversations in PDF
We believe sustainability should be at the core of every business. The Framework for Sustainability Conversation has been conceived to empower creators and leading modern teams to build purpose-driven projects and create value for the world’s most exciting companies.
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I am adding the piece we wrote with @Tony Fish: Climate impact. Are the consequences of a ½ baked decision that we created (the mess we are in)² https://www.linkedin.com/pulse/climate-impact-consequence-baked-decision-we-created-mess-rozencwajg/