HAZEL HENDERSON, D.Sc.Hon., FRSA
President, Ethical Markets Media (USA and Brazil)
Author, Ethical Markets: Growing the Gr...
=
FINANCE at the SERVICE
of
HUMAN DEVELOPMENT
+
EVOLUTION of ALL LIFE
on
EARTH
ETHICAL BIOMIMICRY FINANCE™
For 21st century “ANTHROPOCENE AGE”:
starts with Science
• Earth Systems Science, NASA 1979
• ...
Solar irradiation versus established
global energy resources
Solar Generation 6, EPIA 2011
LEADING EDGE TECHNOLOGIES MIMICKING NATURE
…The Sun
…Insect wings
…Living cell membranes
...Green plants chloroplasts
…Gra...
Implications for Traditional Economics and Finance
• Investment models fail
⁻ focused on equilibrium
⁻ based on theories, ...
Re-Training Economists and Asset
Managers, Investors:
• Few courses – most business schools teach old
models
• Books, pape...
We the signers hold this biological truth to be self-evident that the
human species is interdependent with all other life ...
1. We affirm that these collective life-supporting activities,
conventionally categorized as "economies" and "finance," ar...
2. Money markets and finance are useful human inventions and as
such are good servants of evolutionary higher-purposes, bu...
3. Our approach to the human activities conventionally categorized
under "finance," "investment," "savings," banking and m...
4. When we assess technological and social innovations, we start our
due diligence processes by examining the viability of...
5. We acknowledge that these goals and investing models can
transform finance and embody social innovations that will be d...
6. We avoid employing many of the conventional tools of financial
analysis (e.g., Modern Portfolio Theory, Capital Asset P...
7. We further understand that what is termed as "economies"
and "financial systems" are emergent properties: complex adapt...
8. These collective products of our levels of awareness,
consciousness and knowledge evolve as individuals learn. Leaders ...
9. Thus, we acknowledge that our commitment to transforming
finance, its models and selection processes can lead to re-des...
Examples of Ethical Biomimicry Companies
Biomimicry 3.8, MT
Envision Solar, CA
Ethical Markets Media, USA &Brazil
Equal Ex...
Co-Organizers:
Janine Benyus, Author, Biomimicry: Innovation Inspired by Nature; Co-Founder, Biomimicry 3.8
Hazel Henderso...
Signatories continued
Alan F. Kay, Co-Founder, Ethical Markets Media Georgia Kelly, Director, Praxis Peace Institute
Margr...
We invite you to add your name
to these co-signers!
And to help promote the use of the
Principles of Ethical Biomimicry Fi...
Hazel
Henderson
Janine
Benyus
Strategies for Deals and Relationships
with Outside Investors, Funders and Banks
derived from Ethical Markets Media resear...
Planetary Awareness Driving the Green Transition
Planetary Awareness Driving the Green Transition
Planetary Awareness Driving the Green Transition
Planetary Awareness Driving the Green Transition
Planetary Awareness Driving the Green Transition
Planetary Awareness Driving the Green Transition
Planetary Awareness Driving the Green Transition
Planetary Awareness Driving the Green Transition
Planetary Awareness Driving the Green Transition
Planetary Awareness Driving the Green Transition
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Planetary Awareness Driving the Green Transition

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The speaker, Hazel Henderson, is the founder of Ethical Markets Media, LLC and the creator and co-executive Producer of its TV series. She is a world renowned futurist, evolutionary economist, a worldwide syndicated columnist, consultant on sustainable development, and author of The Axiom and Nautilus award-winning book Ethical Markets: Growing the Green Economy (2006) and eight other books. She co-edited, with Harlan Cleveland and Inge Kaul, The UN: Policy and Financing Alternatives, Elsevier Scientific, UK 1995 (US edition, 1996).

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Planetary Awareness Driving the Green Transition

  1. 1. HAZEL HENDERSON, D.Sc.Hon., FRSA President, Ethical Markets Media (USA and Brazil) Author, Ethical Markets: Growing the Green Economy Ethicalmarkets.com/EBF Biomimicry.net Introduction and Overview
  2. 2. = FINANCE at the SERVICE of HUMAN DEVELOPMENT + EVOLUTION of ALL LIFE on EARTH
  3. 3. ETHICAL BIOMIMICRY FINANCE™ For 21st century “ANTHROPOCENE AGE”: starts with Science • Earth Systems Science, NASA 1979 • Biology, Ecology • Geology, Hydrology, Atmospheric Chemistry • Human Behavioral Science • Human Brain and Endocrinology • Anthropology, Psychology, Sociology • Ethical Biomimicry –Innovation
  4. 4. Solar irradiation versus established global energy resources Solar Generation 6, EPIA 2011
  5. 5. LEADING EDGE TECHNOLOGIES MIMICKING NATURE …The Sun …Insect wings …Living cell membranes ...Green plants chloroplasts …Gravity …Natural decay processes, fermentation Oceans and other global processes …Viruses …Amino acids, Microbes …Insect Pheromones, microbes, fungi …Fireflies …Plants, wild species …Human immune system DNA, RNA codes, viruses, bacteria Human Intelligence, knowledge Eye …The Sun …Insect wings …Living cell membranes ...Green plants chloroplasts …Gravity …Natural decay processes, fermentation Oceans and other global processes …Viruses …Amino acids, Microbes …Insect Pheromones, microbes, fungi …Fireflies …Plants, wild species …Human immune system DNA, RNA codes, viruses, bacteria Human Intelligence, knowledge Eye …Fusion reactors …Solar arrays and sails …Osmosis, Fuel Cell membranes …Solar photovoltaic cells …Dams, hydropower …Biomass energy conversion Energy: Ocean thermal, tidal and wave generators …”Nanotechnology,” molecular assemblers …Protein-based catalysts, assemblers …chemical attractants, biological pest control …Luciferase …GMOs, hybrids, …Monoclonal antibodies, interferon, insulin Biotechnologies…Genetic engineering, cloning Artificial intelligence…Expert Systems Cameras …Fusion reactors …Solar arrays and sails …Osmosis, Fuel Cell membranes …Solar photovoltaic cells …Dams, hydropower …Biomass energy conversion Energy: Ocean thermal, tidal and wave generators …”Nanotechnology,” molecular assemblers …Protein-based catalysts, assemblers …chemical attractants, biological pest control …Luciferase …GMOs, hybrids, …Monoclonal antibodies, interferon, insulin Biotechnologies…Genetic engineering, cloning Artificial intelligence…Expert Systems Cameras NATURE’S MODELS - BIRDSTECHNOLOGIES - AIRPLANES © Hazel Henderson 1987; Paradigms in Progress, 1991, 1995; updated 2006
  6. 6. Implications for Traditional Economics and Finance • Investment models fail ⁻ focused on equilibrium ⁻ based on theories, ideologies, norms • Globalized Finance Systemic Risks ⁻ unstable, HFT → collapse • Destabilizing Every Local Social System and Ecosystem • Mistakes MONEY (unit of account) for WEALTH; discounts real wealth and future–errors encoded in equilibrium math models ⁻ e.g., Arrow-Debreu • Based on Externalizing Costs ⁻ e.g., Carbon “Bubble” equals trillions of dollars (Carbon Tracker)
  7. 7. Re-Training Economists and Asset Managers, Investors: • Few courses – most business schools teach old models • Books, papers, speeches inadequate • How to engage TRADITIONAL and MAINSTREAM FINANCE, INVESTORS • SRI, TBL, ESG, green, integrated ethical investments have positive impact. • Principles of Ethical Biomimicry Finance™ builds on and deepens to include scientific basis for transition from fossil Industrial Era to Solar Age
  8. 8. We the signers hold this biological truth to be self-evident that the human species is interdependent with all other life forms on Planet Earth. Therefore, human societies, cultures, values and belief systems that are informed by and modeled on Life's Principles, which are strategies universal to all organisms, should provide the basis for all production and exchange of goods, community structures and services. This includes the design of monetary systems, investments, banking, financing, bartering, reciprocal exchange, payments, crowdfunding, compensation and unpaid gifting, sharing, cooperatives, reproduction of future generations, provision of public goods, infrastructure, collective health, education and life-supporting services. STATEMENT ON TRANSFORMING FINANCE BASED ON ETHICS AND LIFE'S PRINCIPLES © 2012
  9. 9. 1. We affirm that these collective life-supporting activities, conventionally categorized as "economies" and "finance," are in truth embedded in human societies and cultural values – in turn, embedded in planetary ecosystems and biodiversity of life which are irreducible to symbolic tokens such as money or mathematical abstractions such as compound interest or classification as "resources," "property," or even as "global commons." PRINCIPLES from the Statement On Transforming Finance Based On Ethics And Life's Principles © 2012
  10. 10. 2. Money markets and finance are useful human inventions and as such are good servants of evolutionary higher-purposes, but can be bad masters. Trading and exchanging are basic strategies of humans and all living species. Financial and economic systems are not functional analogues of ecosystems. Money and other proxies have no analog in Nature which operates on direct exchange of materials, information and services. PRINCIPLES from the Statement On Transforming Finance Based On Ethics And Life's Principles © 2012
  11. 11. 3. Our approach to the human activities conventionally categorized under "finance," "investment," "savings," banking and monetary systems is to reframe these under our scientific knowledge of our true condition expressed as Life's Principles and what is now known about life's evolution on Planet Earth. Accordingly, we recognize that human societies cannot measure their "progress" as growth of their GNP-measured, money- denominated economic sectors. Growth is not maximized by any species but rather the whole living system is optimized. PRINCIPLES from the Statement On Transforming Finance Based On Ethics And Life's Principles © 2012
  12. 12. 4. When we assess technological and social innovations, we start our due diligence processes by examining the viability of such innovations and potential success of enterprises and projects by applying Life's Principles. Only after applying this screen and its implicit design opportunities will we then design appropriate models of finance, organizational forms, stakeholders' relationships, governance, risk-assessment, compensation and other valuations of ecological sustainability, social equity, health and contributions to peaceful human evolution. PRINCIPLES from the Statement On Transforming Finance Based On Ethics And Life's Principles © 2012
  13. 13. 5. We acknowledge that these goals and investing models can transform finance and embody social innovations that will be disruptive to incumbent industries, financial groups and major sectors of our Industrial Era societies which are now widely recognized as unsustainable. PRINCIPLES from the Statement On Transforming Finance Based On Ethics And Life's Principles © 2012
  14. 14. 6. We avoid employing many of the conventional tools of financial analysis (e.g., Modern Portfolio Theory, Capital Asset Pricing Models, Black- Scholes Options Pricing, Value-at-Risk and other risk analysis; nor discounting to "present value", etc.) nor those methods based on conventional economic assumptions: e.g., "efficient markets," "market completion," "rational actors," "bounded rationality," etc. Rather, we look to the new scientific knowledge of human behavior, endocrinology, brain sciences, genetics, anthropology and other insights into the human condition gained through expanding awareness and consciousness of our true human condition. We commit to learning continually, with the humility engendered by these new understandings, as well as the careful experimentation based on Nature's 3.8 billion years of successful learning and innovation. PRINCIPLES from the Statement On Transforming Finance Based On Ethics And Life's Principles © 2012
  15. 15. 7. We further understand that what is termed as "economies" and "financial systems" are emergent properties: complex adaptive systems generated by actions emanating from collective human consciousness, cultures and belief-systems and that these forms and expressions are downloads from these "cultural DNA codes," resulting in cultural artifacts and physical forms (such as skyscrapers and computers), as well as similar forms emanating from the world's spiritual traditions (e.g., cathedrals and books). We acknowledge and affirm the evolution of the technological array of tools created by humans. These expressions of human creativity are a result of our focus on materialism, reductionist rationality and its Cartesian mentalities prevalent since the Industrial Revolution, and we rejoice that these are evolving toward Life's Principles and are now reintegrating within our higher consciousness. We endeavor to use Life's Principles to create conditions conducive to life in all human activities and systems. PRINCIPLES from the Statement On Transforming Finance Based On Ethics And Life's Principles © 2012
  16. 16. 8. These collective products of our levels of awareness, consciousness and knowledge evolve as individuals learn. Leaders emerge in human societies and become early adopters of new knowledge and scientific observation, as well as ethical principles, such as the "golden rule," cooperative agreements on sharing Nature's lessons, co-evolutionary models and altruistic examples. PRINCIPLES from the Statement On Transforming Finance Based On Ethics And Life's Principles © 2012
  17. 17. 9. Thus, we acknowledge that our commitment to transforming finance, its models and selection processes can lead to re-design of money, banking, finance, investments, patents, legal and governance systems. This will require reintegration of human knowledge, mentoring by Nature's genius, and whole systems-thinking, operationalized through whole human beings integrating mind, heart, body and wisdom based on evolving higher levels of consciousness. PRINCIPLES from the Statement On Transforming Finance Based On Ethics And Life's Principles © 2012
  18. 18. Examples of Ethical Biomimicry Companies Biomimicry 3.8, MT Envision Solar, CA Ethical Markets Media, USA &Brazil Equal Exchange, MA GrainPro, NH Green Garmento, CA Hawthorne Valley Farm, NY Mosaic Inc., CA Natcore Technology, NJ Natura, Brazil Pantheon Chemical, AZ Sky Factory, IA White Dog Café, PA Whole Foods Market, USA Full disclosure: Principals of Ethical Markets are investors in some of these companies.
  19. 19. Co-Organizers: Janine Benyus, Author, Biomimicry: Innovation Inspired by Nature; Co-Founder, Biomimicry 3.8 Hazel Henderson, Author, Politics of the Solar Age, etc.; Founder, President, Editor-in-chief, Ethical Markets Media Signatories Co-Chris Allen, CEO, Biomimicry 3.8 Dayna Baumeister, PhD, Co-Founder, Biomimicry 3.8 Andrew Bellak, CEO of StakeHolders Capital Michael Ben-Eli, Founder, The Sustainability Laboratory Benjamin Bingham, Founder, 3Sisters Sustainable Management Louis and Sandra Bohtlingk, Founders, CareFirstWorld Ltd. Mariana Bozesan, Founder, AQAL Investing Frank Bracho, former Ambassador of Venezuela to India Ellen Hodgson Brown, JD, Author, Web of Debt Jamie Brown, Project Director, Basel Agency for Sustainable Energy (BASE) Fritjof Capra, author The Tao of Physics Christina Carvalho Pinto, President, Full Jazz Communications Brendan Cassidy, student, University of Northern Jacques Chirazi, Biomimicry CH and swisscleantech association Katherine Collins, Honeybee Capital, Boston Lina Constantinovici, MBA, GrowVC US Thais Corral, President, CEMINA/SINAL Leslie Danziger, Co-founder, Solaria Corp and Lightpath Technologies Susan Davis Moora, President, CapitalMissions.com Guy Dauncey, Executive Director of BC Sustainable Energy Association Dee Dickinson, retired CEO of New Horizons for Learning Peter Ellyard, Author, Designing 2050 & Destination 2050 David Fox, Co-founder, Biomimicry 3.8 Institute Edward Fullbrook, Editor, Real World Economics Review John FullertonFounder, Capital Institute Orio Giarini, The Risk Institute Christian Haeuselmann, swisscleantech Joan Halifax, Upaya Zen Center Marilyn Hamilton, Founder, Integral City Michael Hopkins, CEO, MHC International Ltd; CEO, CSRFI Brent N. Hunter, Chairman, Spirit Rising Productions Giles Hutchins, Author, The Nature of Business Garry Jacobs, Board Chairman, World Academy of Art & Science AJ Johnston, Executive Director, Mindful Peacebuilding SIGNATORIES from the Statement On Transforming Finance Based On Ethics And Life's Principles © 2012
  20. 20. Signatories continued Alan F. Kay, Co-Founder, Ethical Markets Media Georgia Kelly, Director, Praxis Peace Institute Margrit Kennedy, Founder, Money Network Alliance Ashok Khosla, President IUCN and Club of Rome John L. Knott, Jr., The Noisette Company, LLC Cary Krosinsky, Exec Director, Network for Sustainable Financial Markets Satish Kumar, Editor-in-Chief, Resurgence & Ecologist Giuseppe La Manna, CEO, EcoLogix Startup Solutions Leland Lehrman, Managing Partner, Fund Balance Marc Luyckx Ghisi, author, The Knowledge Society Elsie Maio, Founder, Humanity, Inc./SoulBranding℠ Institute Fernando Byington Egydio Martins, CEO, Propósito Branding Kozo Mayumi, Bioeconomics Faculty of Integrated Arts and Sciences Terry Mollner, Chair, StakeHolders Capital, Inc. Oscar Motomura, President, Amana-Key Desinvolvimento & Educacao Timothy Jack Nash, President, Strategic Sustainable Investments, Belden Paulson, author, "Odyssey of a Practical Visionary“ Lisa Paulson, cofounder High Wind ecological community Ann Pettifor, Director, Policy Research in Macroeeconomics (PRIME) Jonathon Porritt, Founder Director, Forum for the Future Gilles Raveaud, Assistant Professor of Economics, University Paris Paul H. Ray, Co-author, The Cultural Creatives Vicki Robin, author, Your Money or Your Life Nancy Roof, PhD, Founder/Editor Kosmos Journal Mary Carol Rose, Beyond Financial Paradigms, LLC Elisabet Sahtouris, PhD, Evolution Biologist, Futurist Julie Sammons, Bay Area Biomimicry Network Homero Luís Santos, Director, Fractalis - Consultancy on Sustainability Rosalinda Sanquiche, Executive Director, Ethical Markets Media Allan Savory, Co-founder of the Savory Institute Simran Sethi, Journalist Kelly Distinguished Scholar in Residence, St. Catherine University Vandana Shiva, Research Foundation for Science Technology & Ecology Charlene Spretnak, author of Relational Reality Jet Thurmann, Quantum Care Center John Todd, President, Ocean Arks International, University of Vermont Stuart Valentine, CenterPoint Investment Strategies Terry Waghorn, CEO and Founder, Katerva Anders Wijkman, Vice President, Club of Rome Eva Willmann de Donlea, Sustainability Intelligence Pty Ellie Winninghoff, Journalist, DoGoodCapitalist.com SIGNATORIES from the Statement On Transforming Finance Based On Ethics And Life's Principles © 2012
  21. 21. We invite you to add your name to these co-signers! And to help promote the use of the Principles of Ethical Biomimicry Finance™ to the financial community and all investors! Thank You
  22. 22. Hazel Henderson Janine Benyus
  23. 23. Strategies for Deals and Relationships with Outside Investors, Funders and Banks derived from Ethical Markets Media research and publications • Full transparency, disclosure to all prospective funders simultaneously. • Observance of all current rules and regulations required under the International Organization of Securities Commissions (IOSCO), the U.S. Securities and Exchange Commission, the Sarbanes-Oxley Act, Dodd-Frank, FINRA, et al. • Interview, search and vet all prospective funders to identify their ethics, values beyond money, performance in relation to these ethics and values. Seek only funders in full alignment with the company's purpose, long-term goals, mission and values, and protect the initial “angel” investors from dilution. • Reject funds with short-term financial payback and performance requirements or exit strategies of either acquisition by a larger corporation or an initial public offering on existing stock exchanges. • Seek more creative funding strategies which keep the company's long-term mission intact and do not compromise integrity of management or its strategies. • Seek financing from local sources, community banks and credit unions, while checking their mission statements, policies for green, energy, materials efficiency and performance to their own standards, including of fairness and management practices. • Engage with appropriate crowdfunding groups with highest social and environmental standards and those focused on green biomimicry startups that adhere to the Principles of Ethical Biomimicry Finance™. • Seek to self-finance from internal, organic growth as the best option and keep external borrowing and equity to a minimum.
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