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The JUST Report: Why Child Care Is a Business Imperative

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Why Childcare is a Business Imperative

(Hill Street Studios – Getty Images)

We are in a critical moment for considering what it means to be a working parent, especially a working mom, in this country.

In a new survey with our partner the Harris Poll, we found that over the past year and a half of the pandemic, the majority of respondents have become painfully aware of the high cost of child care. Of those respondents, 41% said they or someone they know missed work to care for their kids, and 36% said they or someone they know left their job or switched to part-time work for the same reason.

Majorities agreed that companies have a responsibility to take care of the parents in their workforces through all nine benefits mentioned, including part-time or job-sharing opportunities (69%), flexible work schedules (68%), and discounted or subsidized caregiving like after-school care (58%).

There was also strong agreement on the need for public support, with a massive 78% in favor of a federal 12-week paid leave policy that employees could use to take care of not just children, but also a sick spouse or parent. This is interesting, given Congress yesterday marked up legislation supporting universal paid family leave.

Business leaders continue to grapple with this. Some have called for passing federal leave programs, including engaging in the dialogue in Congress about federal paid family leave policies. Leaders of companies like Etsy, Gap, Chobani, and Patagonia met recently with Vice President Kamala Harris to discuss child care, and a separate coalition of 300 companies – including Danone North America, Levi Strauss & Co., Pinterest, and Salesforce –has come out in support of passing paid leave in the spending bill.

Julie Kashen of the Century Foundation is a major proponent of passing both child care and paid leave policies, and in an interview with JUST pointed to 2019 research showing that $57 billion in earnings, productivity, and revenue is lost each year due to a lack of child care guarantees. “I think that became even more evident, and gave employers more of a stake in this, after the pandemic,” she said.

Source: https://www.ethicalmarkets.com/the-just-report-why-child-care-is-a-business-imperative/

Ethicalmarkets

Bayer does NOT belong at the UN

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“Ethical Markets recommends all this news on needed reforms to our global food system. Still missing is the key issue: all our current global foods are grown on the planet’s 3% dwindling freshwater, which is the real impending crisis! We find that overlooking the other half of our planet’s food crops is becoming inexplicable!

These salt-loving plants still thrive on the planet’s 97% of saltwater, on unused degraded lands in 22 countries, without fertilizers or pesticides (e.g. quinoa, amaranth, salicornia, salt-tolerant rice, and hundreds of other plants, such as oil crops like jatropha, grown in the desert areas in Israel and many other countries).

These food crops often contain full proteins and minerals for optimum human nutrition, and their long roots capture CO2 more efficiently and faster than forests, which must also be protected and re-grown. See our report “Capturing CO2 While Improving Human Nutrition and Health” (2018) free download at www.ethicalmarkets.com along with our TV show playing “Investing in Saltwater Agriculture“ .

Time to report on these possibilities and to prevent mass starvation!!

Hazel Henderson, Editor“

Bayer, Cargill, and Syngenta are about to get unprecedented power to shape United Nations policies on food production.

Will you join the global movement to stop the UN from partnering with the world’s most dangerous pesticide corporations?

SIGN THE PETITION

There are an estimated 385 million cases of acute pesticide poisonings each year.

That means about 44% of farmers and agricultural workers around the world are poisoned annually. And those numbers could rise if we don’t stop Bayer’s latest power grab.

Right now, the UN Food and Agriculture Organization (FAO) is trying to create a formal partnership with CropLife International — the mega lobbying group that represents Bayer, Cargill, Syngenta and over 300 other pesticide companies.

Allies tell us that an announcement of the deal can come as early as this month unless we stop this #ToxicAlliance.

Sign the petition demanding that FAO stop the #ToxicAlliance with CropLife.

CropLife’s sole purpose is to advocate for the use of its members’ products — which are hazardous pesticides and genetically modified seeds. For decades, these products have locked farmers into ever-escalating pesticide use, and systematically undermined the rights and welfare of the majority of the world’s food producers.

Hazel, unless we stop this #ToxicAlliance, the companies that are poisoning farmers worldwide will get unprecedented access to power at the United Nations.

Join the global movement to save our food systems from Bayer, Cargill, Syngenta, and the other CropLife companies.

SumOfUs members have worked for years to rid fields and gardens of pesticides — from pushing for bans on neonics to getting glyphosate off store shelves. We can’t let the manufacturers of these harmful poisons lobby their way to greater power.

Instead of partnering with CropLife, FAO should support people-led, sustainable farming that mitigates climate change and reduces world hunger.

SIGN THE PETITION

Source: https://www.ethicalmarkets.com/bayer-does-not-belong-at-the-un/

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It’s boom times for cleantech

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Just last month, a pair of investment funds closed more than $12 billion of private equity funding for climate- or energy transition-related investments. I noted at the time that it was a welcome inflow of capital to an area that hadn’t seen much interest in years … or ever, really. I also wondered a bit where that money might go.

Now we know — or at least have a decent idea — thanks to Climate Tech VC’s review of funding in the first half of 2021. The newsletter’s authors tracked about $16 billion of funding in 1Q and 2Q 2021, including more than 250 individual deals across seven sectors: carbon, climate, consumer, energy, food and water, industrial, and mobility. That’s almost as much as all of 2020 and not far behind 2018’s total of $17.9 billion.

That big investment figure is noteworthy, but equally noteworthy is how investors are approaching the sector. Climate Tech VC splits its data in a very useful (if atypical) way: by the number of unique firms investing in each sector.

A decade ago, almost the entirety of investor interest in cleantech was electricity- (solar, wind), transport- (biofuels) or efficiency-related (a suite of software applications and software-as-a-service business models). Today? More venture firms are interested in food than anything else, by a wide margin. Next in investor interest is mobility, which, given that it includes everything from scooters to aviation, is a far broader category than transport fuel. The consumer sector, which was relatively minor a decade ago, is third.

Meanwhile, the leading sectors of 10 years ago are now laggards, at least in terms of the number of firms interested in backing early-stage companies and founders. To me that’s a very good thing, a sign of how much wind, solar, lithium-ion batteries, and some industrial service models have matured.

There’s also now a pleasing alignment between the number of firms interested in climate tech sectors and those sectors’ climate significance. Food and water is the single biggest category of emissions today; transport is third, only slightly behind the buildings sector, which consumes a great deal of both electricity and heat generated by fossil fuels.

Also noteworthy in Climate Tech VC’s data: Deal sizes in almost every tier of climate tech venture investing increased last year. Growth equity rounds, which fund major expansions and often involve building manufacturing capability and/or expanding to multiple markets, tripled on average to almost $400 million. With the two funds I mentioned in my earlier newsletter — TPG Rise Climate and the Brookfield Global Transition Fund — possibly closing as much as $20 billion in total this year between them, there looks to be plenty of interest in that cohort.

Again, all good news for climate. Here’s one more trend worth watching for both founders and investors: Climate Tech VC’s data show that seed funding sizes rose by a third in the past year, to $4 million from $3 million. But that relatively modest increase belies the valuations these startups have been tagged with once that fundraising is completed.

Last weekend, founder and early-stage investor Immad Akhund noted on Twitter that in the latest batch of Y Combinator startups he’d considered, “climate tech startups have the biggest premiums and are the hardest to get allocation in.” Nothing wrong with being a hot ticket, of course, though as veteran angel investor Joanne Wilson says of early-stage investing in general, “valuations have become out of control.” The median later-stage fundraise, meanwhile, is now taking place at a billion dollars.

Heady valuations and investor FOMO (fear of missing out) coupled with the very real need to fund planetary-scale innovation provide quite a tailwind for climate tech. Those outsize numbers are a sign of enthusiasm, but they’re also an implicit promise from founders to investors that their companies will grow to match expectations. Here’s hoping, for the climate’s sake, that a healthy number of highly-valued climate tech startups succeed in that.

Nathaniel Bullard is BloombergNEF’s Chief Content Officer.

Subscribe to Bloomberg.com for unlimited access to breaking news on climate and energy, data-driven reporting and graphics, Bloomberg Green magazine and more. You can read today’s newsletter on our website here.

That big investment figure is noteworthy, but equally noteworthy is how investors are approaching the sector. Climate Tech VC splits its data in a very useful (if atypical) way: by the number of unique firms investing in each sector.

Source: https://www.ethicalmarkets.com/its-boom-times-for-cleantech/

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Ethicalmarkets

It’s Arrived: Our ‘Uh-Oh’ Moment on Climate Change

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The jury (aka the IPCC) came back this week, and there’s no more denying it — everyone must do their part to help us avoid catastrophic climate change, and the time is now. Thankfully, our feeds remain full of companies working to do just that, in a variety of areas — including cutting ecommerce return waste, creating a climate-resilient wine industry, and fulfilling commitments to correct social inequities.

EDITORIAL

WALKING THE TALK

Beyond One-Off CSR: How Brands Can Combat Inequities Over the Long Term

Reversing ingrained social inequities is critical to achieving the UN SDGs and averting catastrophic climate change. The pandemic has laid bare the many costs of inequality — now is the time for brands to make good on their promises to address this global issue.

PRODUCT, SERVICE & DESIGN INNOVATION

Meet the Winemaker Working to Future-Proof Wine for a Climate-Challenged Future

The warming world is affecting all agricultural industries, with wine being no exception. New York’s Gotham Wines is banking on diversity and adaptability to strengthen the grapes and the industry, both socially and environmentally.

WASTE NOT

New Amazon Programs Aim to Curtail Rampant eCommerce Return Waste

With its size and scale and proper follow-through, Amazon has the potential to make a significant dent in global product waste and offer models for other retailers to follow.

THE NEXT ECONOMY

It’s Arrived: Our ‘Uh-Oh’ Moment on Climate Change

The latest IPCC report can’t be ignored — and it does our species and planet a disservice to pretend the situation will miraculously reverse itself. Here’s an overview and what companies should do in response.

COMMUNITY UPDATES

100+ Speakers, 75+ Sessions, 5 Unique Tracks at SB’21, October 18th-21st at Paradise Point

The SB’21 San Diego full program is available! Learn all the details–which industry visionaries will be gracing the Main Stage, which experts will be leading the Breakout Sessions, and where the best networking opportunities will be. Start building a day-by-day, hour-by-hour schedule of sessions and activities you won’t want to miss. You’ll bring back valuable insights for you and your organization that will help accelerate your sustainability journey. Don’t miss SB’21 San Diego, October 18th-21st.

SEE FULL PROGRAM

Source: https://www.ethicalmarkets.com/its-arrived-our-uh-oh-moment-on-climate-change/

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