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Martin Rich is the Co-founder & Chief Executive Officer of Future-Fit Foundation. He is a sustainability and impact investment specialist, with over 25 years experience in both mainstream and social investment.Martin co-founded Future-Fit Foundation over 10 years ago with a vision of helping create a society that is environmentally restorative, socially just, and economically inclusive.
He previously spent 7 years as Sales Director at Social Finance Ltd, where he focused on developing the investor base for social impact investments. Before that, he worked for 13 years in international investment banking on structured debt and derivative products for JP Morgan, HSBC, and UBS.Martin also holds several senior non-executive and advisory roles, including for Access Foundation and WHEB Asset Management, and was formerly a member of the Asset Allocation Working Group for the G7 Social Investment Task Force.
What will you learn:
- Critically evaluate ESG's strengths and weaknesses
- Explore Future-Fit alternatives
- Uncover actionable strategies
Like labels on cigarettes, opponents say fossil fuel warnings could change attitudes. Others call it gasoline “shaming.”
This story was originally published by Capital and Main.
The Centennial State may become first in the nation to require retailers to warn consumers that burning fossil fuels “releases air pollutants and greenhouse gases, known by the state of Colorado to be linked to significant health impacts and global heating.”
The warning is the linchpin of a bill — HB25-1277 — that narrowly passed the state House on April 2 and is scheduled to be heard in the Senate’s Transportation & Energy Committee this week. Its Democratic sponsors say the bill will raise awareness among consumers that combusting gas in their vehicles creates pollutants that harm their health and trap heat in the atmosphere, leading to more intense and extreme weather, wildfires and drought.
The groundbreaking measure would require retailers to place warning labels printed in black ink on a white background in English and Spanish in no smaller than 16-point type on fuel pumps and “in a conspicuous location” near displays offering petroleum-based goods for sale.
Proponents compare the stickers to warnings labels on cigarettes that scientific evidence found motivated consumers to reconsider the health impacts of smoking.
The labeling bill is backed by environmental groups, including 350 Colorado and the Sierra Club, and opposed by gas stations, chambers of commerce and energy trade associations. About 136 lobbyist registrations were filed with the secretary of state in the position of support, opposition, or monitoring — a benchmark of the measure’s divisiveness.
“The bill, as you’ve heard, seeks to drive systemic change and to help us meet our greenhouse gas emission goals,” state Rep. Junie Joseph (D-Boulder), a sponsor, testified at a House Energy & Environment Committee hearing on March 6. “Colorado is actively working to reduce emissions to comply with the Clean Air Act and state climate targets.”
Colorado is on track to meet greenhouse gas emissions reductions of 26 percent by 2025 and 50 percent by 2030, over 2005 levels — albeit a year late for each period mandated under state law, according to a November report compiled by the Colorado Department of Public Health and Environment and the Colorado Energy Office.
Yet the state is woefully behind in its compliance with federal air quality standards. Emissions from energy industry operations and gas-powered vehicles are the main drivers of the nine-county metropolitan Denver region’s failure to clean up its air over the last two decades. The state’s largest cities rank among the 25 worst in the nation for lung-damaging ozone pollution.
Several days before the labeling bill passed the House, the state’s health department said it planned to ask the U.S. Environmental Protection Agency to downgrade its air quality for the second time in a year. The request is intended to give regulators more time to draw up a plan to reduce pollutants that cause a toxic haze that blurs the Rocky Mountains from May to September.
Colorado repeatedly touts its “nation-leading” greenhouse gas emissions reduction laws targeting oil and gas production, as well as requirements that utilities transition from fossil fuels to renewable energy.
Yet to make long-term progress toward a state mandate to cut emissions 100 percent by 2050, officials need residents to drive less and carpool and take public transit more. The bill’s sponsors cited a first-in-the-nation labeling law in the city of Cambridge, Massachusetts, as proof such initiatives work.
The Cambridge City Council enacted its greenhouse gas label law in 2020. City inspectors affix about 116 bright yellow stickers that read: “Warning. Burning Gasoline, Diesel and Ethanol has major consequences on human health and on the environment including contributing to climate change” in pump bays at 19 gas stations annually, along with inspection stickers, Jeremy Warnick, a city spokesman, wrote in an email.
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Island country deals with drought and hurricane damage as it pushes for reparations from countries that benefited from slavery
When category 4 Hurricane Beryl hit the Caribbean last June, the three-island nation of Grenada bore the brunt of its wrath. At the time, the country’s prime minister, Dickon Mitchell, described the destruction as “almost Armageddon-like”. On the small island of Carriacou, it was estimated by officials that more than 90% of the buildings were damaged or destroyed. Agriculture and infrastructure for electricity and communication were almost completely wiped out.
Nearly a year on, there are some signs of recovery and rebuilding, but hollowed-out buildings, roofless houses and charred, dying mangroves tell the story of a community that is still coming to grips with the devastation.
Some people are still living in tents. Artists Michael Alexander and Yolanda VendenDunden pitched theirs on the foundations of one of the many houses demolished by the hurricane.
VendenDunden had just moved to the island from the Netherlands when authorities announced Beryl was coming. The artists say the hurricane was much worse than they expected.
“The roof started to shake, and the walls caved in. Yolanda passed out,” said Alexander.
They survived, but they lost their home and many of their possessions. Suddenly homeless, they decided to live in the tent, with a makeshift bathroom and kitchen beside it. “I built up back the kitchen and bathroom from the pieces of the house and blocked it off so the lady could get privacy. And we sleep in the tent,” said Alexander.
The tent gives them some privacy, but it gives them no refuge from the oppressive heat. And local farmers say that heat is causing droughts which are worse every year.
Gifford Andrew, a farmer on Carriacou, said the combination of hurricanes and water shortages makes farming extremely challenging.
“I lost everything in Beryl. Now I’m trying to put the pieces back together, but I have to deal with the drought. Every single year it’s worse, and it means a lot more water is needed to water my plot. It’s really hard,” he said.
The triple whammy of hurricanes, drought and coastal erosion makes the island one of the starkest examples of climate crisis challenges, said the Carriacou government official and environmentalist Davon Baker. “The impact of climate change has been pretty severe. In addition to hurricanes, we are losing a lot of beach space to rising sea levels, and we are having extreme and intense dry seasons, which affect our farming and ability to produce food,” he said.
In the face of these serious and multiple climate crisis-related threats, Grenada’s prime minister has been advocating for more support from rich countries, which he said had built their wealth by polluting the planet. Grenada last year joined other vulnerable countries in a landmark case at the international court of justice which seeks to hold polluting countries accountable for their roles in the climate crisis.
At the same time as that push for climate accountability, Caribbean leaders have been stepping up their pursuit of reparatory justice over the centuries-long transatlantic slave trade, which saw more than 12.5 million Africans kidnapped, forcibly transported to the Americas and sold into slavery. They argue that enslavement and colonisation are still having detrimental impacts on their countries’ social and economic development.
Now some in the reparations movement are arguing that the two efforts are part of the same struggle. Arley Gill, the head of the Grenada Reparations Commission, has pointed said there was an “inescapable” link between the pursuit of justice for enslavement and justice for climate change.
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"Bringing the buffalo back is about our relationship with them, not domination over them."
Jason Baldes drove down a dusty, sagebrush highway earlier this month, pulling 11 young buffalo in a trailer up from Colorado to the Wind River Reservation in Wyoming. His blue truck has painted on the side a drawing of buffalo and a calf. As the executive director of the Wind River Buffalo Initiative and Eastern Shoshone tribal member, he’s helped grow the number of buffalo on the reservation for the last decade. The latest count: the Northern Arapaho tribe have 97 and the Eastern Shoshone have 118.
“Tribes have an important role in restoring buffalo for food sovereignty, culture and nutrition, but also for overall bison recovery,” he said.
The Eastern Shoshone this month voted to classify buffalo as wildlife instead of livestock as a way to treat them more like elk or deer rather than like cattle. Because the two tribes share the same landbase, the Northern Arapaho are expected to vote on the distinction as well. The vote indicates a growing interest to both restore buffalo on the landscape and challenge the relationship between animal and product.
While climate change isn’t the main driver behind the push to restore buffalo wildlife status, the move could bring positive effects to the fight against global warming. Climate change is shrinking Wyoming’s glaciers, contributing to drought, and increasing wildfires. While buffalo might give off comparable emissions to cows, increasing biodiversity can promote drought resistance and some herds of buffalo have been shown to help the earth store more carbon.
Like cows, buffalo emit methane, a powerful greenhouse gas, by belching, though it’s not clear if buffalo give off the same levels.
While buffalo can contribute to climate change, what they bring in increased biodiversity can promote drought resistance and some buffalo herds have been shown to help store carbon.
The scale of cattle on the landscape and how they are managed contributes to climate change. Baldes argues buffalo should be able to roam on the plains to bolster biodiversity and restore ecological health of the landscape — but that has to come with a change in relationship.
“Buffalo as wildlife allows the animals to exist on the landscape,” Baldes said. “Rather than livestock based on economic and Western paradigms.”
Wildlife is broadly defined as all living organisms, like plants and animals that exist outside the direct control of humans. When it comes to how different states define wildlife, the definition can vary. But a good rule of thumb is animals that are not domesticated — as in selectively bred for human consumption or companionship — are typically classified as wildlife.
“Bison have a complex history since their near extinction over 100 years ago,” said Lisa Shipley, a professor at Washington State University who studies management of wild ungulates which are large mammals with hooves that include buffalo. Tribes and locals tend to say buffalo while scientists use bison to describe the animal.
During the western expansion of settlers a combination of overhunting, habitat destruction, and government policy aimed at killing Indigenous peoples food supplies eradicated the animal from the landscape.
Around eight million buffalo were in the United States in 1870 and then in the span of 20 years there were less than 500. Today, in North America there are roughly 20,000 wild plains bison — like the ones Baldes works to put on the Wind River. But most buffalo reside in privately owned operations, where many buffalo are raised for the growing bison meat industry. In 2023, around 85,000 bison were processed for meat consumption in the United States, compared to the 36 million head of cattle. It’s not a lot compared to cattle but some producers see buffalo as an interesting new addition to the global meat market.
The numbers are similar for other kinds of wildlife — there are typically more livestock on the land than wildlife. According to one study, if all the livestock of the world were weighed, the livestock would be 30 times heavier than the weight of all the wildlife on the Earth.
Reducing the world’s collective reliance on cows — a popular variety of livestock — has been a way many see as a path forward to combating climate change. Eating less beef and dairy products can be good for the planet; cows account for around 10 percent of green house gas emissions. And having too many cows on a small patch of pasture can have negative effects on the environment by causing soil erosion and affecting the amount of carbon the land can absorb.
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Although a Non-Governmental Organisation (NGO), also known as a social enterprise, is typically considered a not-for-profit entity, its long-term sustainability hinges on profitability.
To thrive, an NGO must generate sufficient income to cover its operational expenses. This approach ensures that the organization remains viable and can continue its work over time.
Therefore, emerging NGOs are now strategically created in such a way that they have subsidiaries or initiative that generate the needed funding to run such a social enterprise.
Hence, in a transformative stride towards financial sustainability within the social impact sector, the highly anticipated book, The Profit of Purpose: Mastering Financial Accounting and Reporting for Social Entrepreneurs, recently launched, aims to equip change makers with the crucial financial acumen necessary to thrive.
Discussing on this, executive director of FATE Foundation, Adenike Adeyemi, emphasised the critical role of sound financial management in ensuring the long-term success of mission-driven organisations. Non-profit sustainability is paramount, she stated, highlighting the importance of financial literacy in achieving lasting impact.
The official unveiling and launch of the book was led by Adebola Williams, CEO of AW Network and Dr Orode Doherty, CEO Ingress Health Partners, who commended the authors for providing practical insights tailored to the unique financial challenges faced by social enterprises.
Reflecting on the book’s purpose, the author, , Bukonla Adebakin stated that, “Financial literacy is the backbone of any sustainable impact. For too long, social entrepreneurs have struggled with the complexity of financial management, often at the cost of their mission. This book is my contribution to demystifying those challenges, providing a practical roadmap that enables change makers to focus on what truly matters—driving meaningful and lasting change.”
Addressing some of the most pressing concerns for non-profits and mission-driven enterprises, The Profit of Purpose – Mastering Financial Accounting and Reporting for Social Entrepreneurs, equips social entrepreneurs with financial literacy skills to sustain and scale their impact. The book’s seven chapters provide actionable strategies for fundraising, financial management, budgeting, tax compliance, and accountability. It also includes cheat sheets, FAQs, and exercises designed to reinforce learning.
The launch event featured a high-level panel discussion on Impact Investing: Beyond Donations – Sustainable Revenue Strategies for Non-Profits, where experts explored innovative funding models that go beyond traditional grants and philanthropy.
The Profit of Purpose arrives at a crucial time when social enterprises face mounting financial complexities. By bridging the knowledge gap in financial accounting and reporting, the book empowers change makers with the confidence to navigate funding, compliance, and sustainability challenges.
Source
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For the first time, wild chimpanzees have been caught on film sharing fermented fruit. The footage comes from Cantanhez National Park in the West African nation of Guinea-Bissau, where camera traps recorded chimps eating fermented breadfruit together on 10 separate occasions.
Tests of the fruit showed it was, at most, the equivalent of 0.61 percent alcohol by volume — far less potent than even a light beer — but chimps eat fruit in such large quantities, scientists say, that small amounts could begin to add up.
The discovery, detailed in the journal Current Biology, raises the prospect that chimps are actively seeking out alcohol and sharing it, perhaps to strengthen social bonds, much as humans do.
“Chimps don’t share food all the time, so this behavior with fermented fruit might be important,” said study coauthor Kimberley Hockings, of the University of Exeter. “If so, it suggests the human tradition of feasting may have its origins deep in our evolutionary history.”
Chimpanzees are endangered globally, imperiled by poaching and the loss of forest habitat. This is true in Cantanhez National Park, where the apes are regularly hunted. Scientists working in the park rely on cameras, microphones, and other tools to keep their distance, seeking to maintain a healthy fear of humans in the chimps.
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