from the world's big
Examples of Long-Term Thinking
Robert Eccles: A great example to look \r\nat is Ricoh, the copier company in Japan. Now, they’re not practicing \r\nintegrated reporting, they may in the future, I can’t speak for what \r\nthey’re going to do, but I have met with the executives of Ricoh, I have\r\n written a case on Ricoh that we’ll be teaching in our advanced \r\nmanagement program here, and Ricoh has developed a, what they call extra\r\n long term strategy, a 40-year strategy, where they have publicly \r\ncommitted to reducing their environmental impact, so its broadly \r\ndefined, it’s carbon, it’s water, it’s, you know, other emissions. They \r\nhave committed to reducing their, the environmental impact to one-eighth\r\n of what it is today, including growth. So this is including anticipated\r\n growth in the future, and they have done a very careful internal \r\nanalysis and came up with what they call their no regret policy, which \r\nwas they would be happy that they made this decision, even if not forced\r\n to do so by regulations or by stakeholder pressure, they convinced \r\nthemselves through very careful analysis that this was the correct thing\r\n to do for the company, that it was the correct thing to do for society,\r\n because they are very concerned. Obviously if Ricoh is the only company\r\n that commits to an extra long term plan, then that’s not going to \r\nchange the world, but I think they’re a leading example.
So then\r\n the question becomes, how is the market reacting? Well, I’ve talked to \r\npeople on the sell side, I’ve talked to people on the buy side, they \r\nrecognize what Ricoh is doing, they would admit that it isn’t being \r\nfactored into their stock price today, they suggest that over the long \r\nterm, as these issues, environmental and so forth, become more \r\nimportant, that this will be to an advantage of the company.
But\r\n it’s the problem that you’ve talked about with Peter, the sell-side \r\noriented, six months, maybe at the outside, buy-side, year or two years \r\nand this tension between a two-year timeframe and a 40-year timeframe is\r\n hard to reconcile. To Ricoh’s credit, they are still doing the right \r\nthing. You can clearly say their stock price isn’t being punished by it,\r\n but I think if you have more companies like Ricoh taking responsibility\r\n for a longer term view and then ultimately practicing integrated \r\nreporting, and taking a more multiple stakeholder point of view, then I \r\nsuspect that you’ll start to see changes in the shareholder community. \r\nNot all shareholders have the short-term orientation. There’s ones that \r\nyou can point to, largely the big pension funds, CalPERS, APG, Norwegian\r\n Pension Funds, they’ve been very supportive of integrated reporting, \r\nthey’ve been supportive of sustainable strategies and as they start to \r\nfocus their investments in companies that have this kind of commitment, I\r\n think you’ll start to see a benefit in terms of shareholder return.
Companies that are leading the way in reducing their environmental impact.
Sallie Krawcheck and Bob Kulhan will be talking money, jobs, and how the pandemic will disproportionally affect women's finances.
Health officials in China reported that a man was infected with bubonic plague, the infectious disease that caused the Black Death.
- The case was reported in the city of Bayannur, which has issued a level-three plague prevention warning.
- Modern antibiotics can effectively treat bubonic plague, which spreads mainly by fleas.
- Chinese health officials are also monitoring a newly discovered type of swine flu that has the potential to develop into a pandemic virus.
Bacteria under microscope
needpix.com<p>Today, bubonic plague can be treated effectively with antibiotics.</p><p style="margin-left: 20px;">"Unlike in the 14th century, we now have an understanding of how this disease is transmitted," Dr. Shanthi Kappagoda, an infectious disease physician at Stanford Health Care, told <a href="https://www.healthline.com/health-news/seriously-dont-worry-about-the-plague#Heres-how-the-plague-spreads" target="_blank">Healthline</a>. "We know how to prevent it — avoid handling sick or dead animals in areas where there is transmission. We are also able to treat patients who are infected with effective antibiotics, and can give antibiotics to people who may have been exposed to the bacteria [and] prevent them [from] getting sick."</p>
This plague patient is displaying a swollen, ruptured inguinal lymph node, or buboe.
Centers for Disease Control and Prevention<p>Still, hundreds of people develop bubonic plague every year. In the U.S., a handful of cases occur annually, particularly in New Mexico, Arizona and Colorado, <a href="https://www.cdc.gov/plague/faq/index.html" target="_blank">where habitats allow the bacteria to spread more easily among wild rodent populations</a>. But these cases are very rare, mainly because you need to be in close contact with rodents in order to get infected. And though plague can spread from human to human, this <a href="https://www.healthline.com/health-news/seriously-dont-worry-about-the-plague#Heres-how-the-plague-spreads" target="_blank">only occurs with pneumonic plague</a>, and transmission is also rare.</p>
A new swine flu in China<p>Last week, researchers in China also reported another public health concern: a new virus that has "all the essential hallmarks" of a pandemic virus.<br></p><p>In a paper published in the <a href="https://www.pnas.org/content/early/2020/06/23/1921186117" target="_blank">Proceedings of the National Academy of Sciences</a>, researchers say the virus was discovered in pigs in China, and it descended from the H1N1 virus, commonly called "swine flu." That virus was able to transmit from human to human, and it killed an estimated 151,700 to 575,400 people worldwide from 2009 to 2010, according to the Centers for Disease Control and Prevention.</p>There's no evidence showing that the new virus can spread from person to person. But the researchers did find that 10 percent of swine workers had been infected by the virus, called G4 reassortant EA H1N1. This level of infectivity raises concerns, because it "greatly enhances the opportunity for virus adaptation in humans and raises concerns for the possible generation of pandemic viruses," the researchers wrote.
The word "learning" opens up space for more people, places, and ideas.
- The terms 'education' and 'learning' are often used interchangeably, but there is a cultural connotation to the former that can be limiting. Education naturally links to schooling, which is only one form of learning.
- Gregg Behr, founder and co-chair of Remake Learning, believes that this small word shift opens up the possibilities in terms of how and where learning can happen. It also becomes a more inclusive practice, welcoming in a larger, more diverse group of thinkers.
- Post-COVID, the way we think about what learning looks like will inevitably change, so it's crucial to adjust and begin building the necessary support systems today.
Scientists uncovered the secrets of what drove some of the world's last remaining woolly mammoths to extinction.
Every summer, children on the Alaskan island of St Paul cool down in Lake Hill, a crater lake in an extinct volcano – unaware of the mysteries that lie beneath.
The coronavirus pandemic has brought out the perception of selfishness among many.
- Selfish behavior has been analyzed by philosophers and psychologists for centuries.
- New research shows people may be wired for altruistic behavior and get more benefits from it.
- Crisis times tend to increase self-centered acts.