Redefining how we measure success in the marketplace
Alexandra McPherson, Principal for Niagara Share is managing the Investor Environmental Health Network (IEHN) for Clean Production Action. IEHN is a growing collaborative partnership of investment managers, representing over $60B in managed assets, that work to impact corporate policy and innovation towards safer chemical and pesticide use. In the marketplace, we drive a “race to the top” to manufacture products to the highest quality and meet product standards that comply with the most stringent global regulations for human health and the environment. For its members, IEHN facilitates corporate research and engagement, coordinates strategic partnerships and advances state of the art tools like the Chemical Footprint Project (CFP). We work across investors in the US, Canada and Europe.
Why: With good reason, capitalism is often generalized and characterized as the demise of our culture, our environment, and our communities. Niagara Share’s view is that the ingenuity embedded in capitalism, when channeled towards addressing some of the world’s most pressing challenges, like climate change can be a powerful force for change. Elon Musk's work to address climate change through the development of mobility and energy companies like Tesla and Solar City has already created 35,000 manufacturing jobs in the United States. Their new solar panel production facility in Buffalo is estimated to create 1,500 jobs.