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Ten Steps to Planetary Sustopia - Part One: The Asynsis Sustopia Initiative - Redux 02/07/12

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Nigel Reading

Jul 11, 2012
04:54

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Ten Steps to Planetary Sustopia - Part One The Asynsis Sustopia Initiative - Redux 02/07/12 These should include: one. The right to Sustainable development as a Human right. two. All stakeholders (governments and corporates, including cities and nation states, national and transnational coporations), to submit to Sustainability performance targets and verifiable assessment in support of and informed by the criteria that measure the protection afforded by that same SD Human right. Environmental, Social and Corporate Governance (ESG) measures should apply across the board, including Natural Capital accounting and Carbon emission reporting. Carbon, Air, Land and Water impacts including all pollution to be measured against Environmentally Sustainable Development (ESD) criteria. All measurement monitored and run by an independent commission for Sustainability, like the Carbon Disclosure Project (CDP), UK EHRC or the HK ICAC, their independent commission against corruption. Funds from the state and fines to be reinvested, including for public awareness campaigns and SD-methodology stakeholder training. three. Tax breaks & subsidies to corporations to incentivise them financially. Incentives for the reduction of carbon production, water use and environmental pollution, use of renewables and the ending of subsidies for fossil fuels, plus the ending of corporate tax-avoidance schemes. four. Binding regulations & laws, backed with legal sanctions (like fines), to compel stakeholders to achieve certain minimum independently verifiable SD benchmarks, with financial incentives to exceed them. five. Employees and consumer/electorate stakeholder representatives (perhaps including ICAC-like representative), to join shareholders on every board, like in Germany now. Elimination of the "floating shareholder" to reduce short-termism. six. Social and Civic governance best practice to be regulated for to bind the behaviour of all stakeholders within SD criteria. seven. Share-price maximisation-boardroom pay link to be modified by regulations to prevent short-termism and ludicrous executive pay levels that distort corporate behaviour into anti-sustainability paradigms. Markets and banking to be tightly regulated to prevent speculation, excessive executive reward and pyramid schemes. Executive pay to be rated on broad performance metrics that include corporate sustainability performance and corporate social-environmental responsibility. eight. Lobbyists to be more tightly regulated and corporate donations to political entities to be banned - to be replaced by state funding or small, crowdfunded individual donations, not by corporate bodies behaving as a single legal person but with (of course), far more, undue influence than one person, which is undemocratic. nine. Media ownership to be tightly regulated to ensure diversity of views (including dissenting ones), plus no undue bias towards any one ideology, political party, privileged elite or business group. The internet to be as transparent as possible to ensure optimal freedom and diversity of information, so stakeholders can make optimally informed decisions on all issues of the day, including Sustainable Development criteria performance by all stakeholders. ten. Elections based on universal suffrage to be both political as well as corporate: voters at general elections to vote/rate for both political parties and also on corporations and their CSR performance. Corporate poll component to be exactly that - to rate corporations in terms of their compliance with the UN fundamental human right to sustainable development criteria. Alternatively, corporate polling-rating could be more regular - annual or bi-annual. This is better direct governance by direct democracy: direct survey-polling feedback by the electorate-consumers, using the criteria of carbon emissions, sustainability metrics and CSR, all monitored and run by an independent commission for sustainability, like the Carbon Disclosure Project (CDP), UK EHRC or the HK ICAC, their independent commission against corruption. Living within the means of 1.0 planet - via a universally binding unavoidable Carbon tax, will be the main instrument to regulate stakeholders. Polls can be literally based on a scoring system, just like the market research and focus group strategies they use themselves to analyse consumer behaviour. Choice of corporations to rate can be random from a pool. Good performers get taxed less, with more subsidies, bad performers taxed more with less subsidies.

Sandeep Goswami

Jul 13, 2012
03:54

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The idea is super, but when you look at South Asian countries, the apathy and ignorance of the people is supreme. What we need is a sustained advertisement campaign, which must become statuary for all channels in the visual media to beam before every program. It should get the mandate from World Bank and UNDP, with tactic support from WBCSD, CIICESD, CAN-International, Green Peace etc. Lastly I thank Climate CoLab for inviting me and have retweeted many of my articles. May be these would be of some interest - 1.Sustainable Living and Climate Initiative:Socio-Political Decisions can have a profound effect on it http://wp.me/p1xbzq-uM 2.Will UNEP lose to UNSC to avert Global Warming? http://wp.me/p1xbzq-4R 3.Sustainable Living – Corruption is the biggest impediment http://wp.me/p1xbzq-BM
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