Designing Bank of Nature through fiduciary duty
Bank of Nature is part philosophy, part climate innovation, part finance reform and part instigator. We think really big — as big as the climate crisis.
A program of Cape Cod Center for Sustainability in Massachusetts, Bank of Nature defines the “Untaken Safer Alternative Path” toward a climate-secure future. It proposes a different climate hero than government or industry. Pension fiduciaries control tens of trillions globally. That’s money that has the mission, fiduciary duty and scale to address the climate crisis — but doesn’t yet. That’s money the scale of climate.
Stick with it. It’s super interesting, but you’ve got to dip a toe into (maybe) unfamiliar waters that shake up status quo thinking. #climatehope #fiduciaryeconomy
Here’s the theory: Defined Benefits pension plans are worth $26 trillion or 12% of the global money supply. That’s like the biggest piggybank in the world. It’s money with strings — fiduciary duties meant to protect the beneficiaries, who are in this case workers promised a pension sometime in the future. Because of the behemoth size of defined pension plans, compared to anything else on the planet, a change for them is a change for all of us. Pensions have unique powers to negotiate for better.
That’s the cashflow engine that turns Bank of Nature from a good idea into a real world steward of climate security with trillion-dollar customers.
Bank of Nature wants to point $26T at climate security because it is the fiduciary thing to do for beneficiaries — who will retire in a climate-changed future, made more dystopian by non fiduciary investments today by the people sworn to protect them. We fix it for pension beneficiaries, we fix it for everybody.
For now, our content is free. However, Bank of Nature is a non-profit program of the Cape Cod Center for Sustainability, a registered 501c3 US charity. Paid subscriptions and donations are gratefully accepted.