Prelim
Sustainable Development Gateway
"The SD Gateway integrates the on-line information developed by members of the Sustainable
Development Communications Network.
In addition to over 1,200 documents available in SD Topics, we provide services such as a
calendar of events, a job bank, the Sustainability Web Ring, a roster of mailing lists(listservs)
and news sites dealing with sustainable development."
Web Link -
Sustainable Development Gateway
Web Link -
Sustainable Development Communications Network
Sustainable Development Communications Network (SDCN)
c/o International Institute for Sustainable Development (IISD)
Winnipeg, MB, R3B 0Y4, Canada
Green Banking
Whether the subject is Green Building or Sustainable Agriculture, eventually the issue of financing comes up.
The reality of funding for change always seems challenging. This issue of KnowledgeFarm touches on the surface
of this issue and provides examples of progress.
The examples below were not
randomly chosen but they remain somewhat superficial when considering where we are on a timeline
to "sustainability". The examples may be inspiring and helpful but they do not get to the local level
to illustrate how the work of assembling new pictures
using the puzzle pieces
called banking, zoning, development and profit, is getting done by people who are commited
to see change happen. I hope we will find more of the latter to profile in 2006.
Suggestions ?
click here to send feedback
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Can Financial Institutions Contribute to Sustainability?
by Stephen Viederman
"If we read and believe global surveys about public attitudes towards the environment, and many
other "sustainability" issues of expressed public concern such as community, poverty and the like,
we would have to conclude that the myriad conferences and publications on these issues are a waste
of time. Everyone insists that they are deeply concerned. For example, I have never met anyone in
finance or banking who does not profess to being an environmentalist, as a person, a parent, a
grandparent, as a citizen and, more often than not, as a financial contributor to and member of
one or more
environmental organisations."
"More often than not, "sustainability" is shorthand for "environmental sustainability". But
therein lies a problem that everyone concerned with banking and finance must address,
namely: the environment cannot be sustained in a vacuum. As the UN Conference on
Environment and Development in reminded us, to save the environment we must
also deal with issues of development, and this requires that we address questions of
poverty, of equity, and of justice, of power, directly. But read corporate "sustainability"
reports and try to find serious attention-any attention-to community or equity. It isn't
there. Eco-efficiency is there, and is important, as a necessary component of environ-
mental sustainability. But efficiency in the marketplace is not a sufficient condition for
truly sustainable development. In fact, equity and justice are preconditions of efficiency
in the larger social context."
"If we agree that sustainability is broader than the environment, we must then address
the role of corporations and the banking and financial world in sustainable development. Alicia Barcena,
former director of the Earth Council, suggests that "sustainability"
encompasses the five E's: ethics, equity, environment, economy and empowerment."
"What are the components of "profitability"? Can we assess profitability and
responsibility without assessing the social costs borne by the society at large
which are incurred in achieving financial profit? Are cash values all that count?"
"To whom are we responsible, and in what ways? What behaviours must we
change to become truly responsible?
It has been suggested that the obscure takes a while to see, the obvious, longer. The
philosopher Schopenhauer believed that all truth passes through three stages: first it is
ridiculed; second it is violently opposed; third, it is accepted as self-evident. We have
arrived at, or are close to, stage three, in our beliefs that the sustainability and finance
must be linked. Now it is up to us to be certain that our behaviour is consistent within
these beliefs, while striving to get others to join us."
read the full text
from: Chapter 32
Sustainable Banking
The Greening of Finance
Edited by Jan Jaap Bouma, Erasmus University, Netherlands, Marcel Jeucken, Rabobank, Netherlands,
and Leon Klinkers, Deloitte &Touche, Netherlands
Published in association with
Deloitte & Touche
480pp Hardback | ISBN 1 874719 38 1 | £45.00 US$84.00 | March 2001
Banking on change
by Marco Visscher
Ode Magazine, January/February, 2006
"Ivo van den Baar is an artist. He works mostly out in the world rather than in his studio because he believes
art has been cut off from society. Recently he and his partner, Nicole Driessens, spent three months in the main
lobby of a medical centre in Rotterdam working 9 to 5 on 10 pieces of art: a colourful selection of vases for the
oncology department ("the sad display of flowers in such hospitals is incredible"), a collection of blankets with
books for dialysis patients ("they're hooked up to that machine for four hours; this way they have instant access
to reading materials"). And down the road they'll be creating a 175-metre-long (190-yard-long) mural of a street
in Rotterdam due to be demolished‹"to ease the traumatic view."
"When an artist needs a loan, especially an unconventional artist like Van den Baar, banks are usually skeptical. When Van den
Baar sought a mortgage for a new space to live and work, he faced a lot of furrowed brows among the bankers he approached.
Financial receipts were studied. Estimations of future sales predicted. Calculations produced. No deal. They considered Van
den Baar too great a risk.
"But he got his mortgage after all, thanks to a bank that considered the situation a little more deeply. "Without that bank,"
he declares, "we would never have made it." It was a bank that was interested in the actual content of his work. A bank that
knows artists don't need a lot of material things, don't have terribly high expectations for their pension plans and are
resourceful enough to make ends meet. A bank, in fact, that doesn't see artists so much as financial risks but important
players in the effort to create a sustainable society.
What kind of bank is that?
"Introducing Triodos Bank, with a balance sheet total of over 1 billion euros ($1.2 billion U.S.), a net profit of 3.6
million euros ($4.2 million U.S.) in 2004 and 100,000 faithful customers in the Netherlands, Belgium, England and Spain.
And Triodos doesn't limit its financial goodwill to nurturing art and artists-it is known primarily for financing organic
agriculture and sustainable-energy projects."
read the full text
Web Link -
Triodos Bank
Web Link -
Ode Magazine - an independent magazine about the people and ideas that are changing the world.
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