AVOIDING TRAGEDY OF THE HORIZON
At our next Global Panvest® Forum we step into the future, taking our perspective of existence out 30 years, not the usual 3 years, 5 years or 10 years, and explore frameworks that are changing how companies measure and set targets on the four forms of capital.
THE GLOBAL PANVEST FORUM 2021
What last year's participants said about our 2019 Global Panvest® Forum:
“A classic problem in environmental economics is the tragedy of the commons. The solution to it lies in property rights and supply management. Climate change is the Tragedy of the Horizon ... The horizon for monetary policy extends out to two to three years. For financial stability it is a bit longer, but typically only to the outer boundaries of the credit cycle – about a decade. In other words, once climate change becomes a defining issue for financial stability, it may already be too late.”
- Mark Carney, Bank of England