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Finance and Management for the Anthropocene

The paper entitled “Finance and Management for the Anthropocene” by Paul Shrivastava, Laszlo Zsolnai, David Wasieleski, Mark Stafford-Smith, Thomas Walker, Olaf Weber, Cary Krosinsky, and David Oram was published in Organization and Environment (Vol. 32. No. 1., 2019, pp. 26–40).

The authors argue that the Anthropocene era is characterized by a pronounced negative impact of human and social activities on natural ecosystems. To the extent finance, economics and management underlie human social activities, we need to reassess these fields and their role in achieving global sustainability.

This paper presents the scientific evidence on accelerating impacts of human activities on nature which has resulted in breach of planetary boundaries and onset of global climate change. It offers some potential leverage points for change toward sustainability stewardship by highlighting the important role of finance and economics in addressing climate change. The authors examine the role of financial stakeholders in addressing planetary boundaries and offer a modified stakeholder theory, from which they propose future directions for finance in the Anthropocene.

The full paper can be seen here