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The World Bank warns that the effort to reduce poverty has suffered its “worst setback” in a quarter century, owing to the COVID-19 pandemic.

Bertrand Badré is a former managing director of the World Bank, is CEO and Founder of BLUE LIKE AN ORANGE SUSTAINABLE CAPITAL and the author of “Can Finance Save the World?” (Berrett-Koehler, 2018).

By Bertrand Badré and Benoit MercereauPARIS  —  Environmental, social, and governance (ESG) standards are the talk of the investment world these days. But despite the trillions of dollars of investments that have been labeled “ESG”, this form of investing has yet to have much real-world impact.

Europe’s ESG opportunity By Olivia Grégoire and Bertrand Badré PARIS  —  Finance is evolving in a more sustainable direction, and just in time. Pension funds, insurance companies, and sovereign wealth funds have made multiple commitments on climate change, biodiversity and economic inclusion. In each case, the aim is to treat finance as a tool, not an end in itself, and to adopt objectives that go well beyond financial returns. Today, more than $40.5 trillion globally is invested accord...

Bertrand Badré December 17, 2020 09:28 The COVID-19 crisis has revealed how intertwined all of our major challenges are. Biodiversity loss and rising inequalities have contributed to a global public-health disaster and the worst economic crisis in almost a century. As often happens during such moments, people are suddenly open to changes that they previously would have rejected out of hand. For example, there is a major shift underway in the corporate world, where many managers and invest...