Status Quo Capitalism Map
Version 0.8 • May 2014
Kelly Clark
Director
61Grosvenor Street
London W1K 3JE
kelly@tellusmater.org.uk
tellusmater.org.uk
copyright © 2014 Tellus Mater
Tellus Mater • Economy Framework Map
Version 0.8 • May 2014
I n t e r n a t i on a l
G OV ER NM ENT
Na t i on a l
FIN AN CIAL
M ARK E T S
Kn ow l e d g e
In ve stors
Banking
R esear c h &
Edu cat io n
Bo nds
Sto cks
Financial Capital
Private Equity & VC
Derivatives
Fun d ers
Invest ent ment Su ppl y Chain
Commodities
Currency
M u lti-Stakeh older
Collabor ation
D at a / I nfo r mat io n
T ran sp are n cy
M e dia
C I VI L S OC I E T Y
B US I NE S S
Real Estate & Property
N GO s
CIT
Social Capital
Technology
CO R PO R ATI ONS
Manufactured
Capital
P RODUCT ION
SYST E M S
Pr o d u c t /Ser vic e Su ppl y Chain
C I TI ZENS
WORKERS
C ONS UMERS
I NV ES TORS
Human Capital
B UI LT
ENV I R ONM ENT
Natural Capital
NATU R AL ENV IR ONM ENT
Kelly Clark
Director
61Grosvenor Street
London W1K 3JE
kelly@tellusmater.org.uk
tellusmater.org.uk
copyright © 2014 Tellus Mater
Tellus Mater • Status Quo Capitalism Map
Version 0.8 • May 2014
Legend
International
GO VERNMENT
Money
Political Influence
Development Banks
Taxes & F e e s
Department
for Business
Innovation & Skills
De f e n se
& S e c u ri t y
HM Revenue
& Customs
MI5
MI6
MOD
Armed Forces
Business
Taxes
Security
Energy
Regulators
Environmental
Regulators
National
Po licy
Environment
Agency
Tra de
Ta x es & Fees
Law
Office of
Fair Trading
Consumer
Protection
Environmental
Regulators
Courts
UK Law Commission
Department of The Pensions
Work and Pensions Regulator
Policy Makers
Banking
Regulators
Banking & Securities
Regulators
FINANCE
NEST
Bank Loans
Commercial Paper
Bonds
Preferred Stock
Financial Capital
State Pensions
Business
Education
Mon e y Markets
Invst. & Commercial Banks
High Street Banks
Derivatives
Legal
Advisors
Alternative Assets
Currency
Currency
Markets
Real Estate
Real Property
Property
Markets
Financial Supply Chain
L.I.F.F.E.
Hedge Funds
Knowledge
INFORMATION
TRANSPARENCY
Actuaries
Assurance
Accountants
/ Auditors
Insurance Companies
Investment
Advisors
Foundations
Foundation
Endowments
Asset
Manager
Benchmarks
High Net Worth Individuals
Family Offices
Private Equity
Sustainable
Investment
Advisors
Portfolio
Management Software
MEDIA
Research Portals
News Media
Social Media
Entertainment
Information
Technology
Individual Investor
NGOs
Sustainable Investor
Organizations / Forums
Data / Information
Professional Standards
Organizations
Risk
Funde rs
University
Endowments
ESG Reporting
Collaborative
Bodies
L obby in g
Transparency
C IT
Network of
Sensors & Things
High-Frequency Trading
Disintermediation
Dematerialization
Crowd Sourcing – Mass Collaboration
Open Innovation – Open source IP
Big Data – Analytic & Computational Models
Empowerment via decentralized/distributed knowledge
CIVIL SOCIETY
Sustainability
Consultants
ESG information
& service providers
Pension Funds
Research
London Metal Exchange
Information Services
Bloomberg , Reuters
Consultants
Non-Profit
Consultants
Corporate Treasury
CONSULTANTS & DATA PROVIDERS
Professional / Industry
Organizations
Pension
Consultants
ICE Futures
Thought Leaders
Coalitions
Communities of Practice
Philanthropy
Organizations
Return
Master Limited Partnerships
Real Estate Investment Trusts
LEARNING COMMUNITIES
PROFESSIONAL ORGANIZATIONS
Philanthropy
Advisors
Sovereign Wealth Funds
Fund of Funds
Venture Capital Funds
Currency
Contracts
Tax
Advisors
Pooled
Funds
Equity Analysts
Stock Brokers
Commodity
Markets
ADVISORS
PRODUCTS
Unit Trusts
Private Equity &
Venture Capital
Derivatives
Markets
DATA/
ANALYSIS
CI VI L S E C T O R
Buy-Side / Principles
Rating Agencies
Stock
Markets
Commodities
Commodities
Contracts
Building Societies
Bond Dealers
OTC Market
Sell-Side / Agents
Credit Analysts
Bond
Markets
B o n ds
Stock Exchanges
Futures
Contracts
I NVE S T O R S
L o b b yi ng
Banking
System
Sto ck s
Mezzanine
Direct Ownership
Shareholder Pressure
Experts
Central Bank
Capi t al Markets
E q u i t y
E c on om ic
E nv i r onm ent
Common Stock
Capital Structure
ECO NO M Y
E DUCAT I O N
& RE SEAR CH
REPO
Libor
Money Supply
Underwriting
Corporate Advisory
Merger & Acquisitions
Banking
D e b t
Risk / Ret u r n (wa t er f a l l )
Cash
Match Buyers & Sellers
Absorb Risk
Liquidity
Diversity
Hedging
Bank of England
Sovereign
Debt
Data / Information
Government
Buyers
Income &
Consumption
Taxes
M AR KE T S Purpose:
Asset Classes
Financial Instruments
Key Actors
Pro curement
HM Revenue
& Customs
Financial
Securities
Authority
Leaders
HM
Treasury
Business Policy &
Development
Materials & Energy
European Union
L egis la tio n
Department for
Environment, Food
and Rural Affairs
Ministry
of Power
World Trade Organization
United Nations
Central Banks
R e g u l at i on
Non-Profits
Consumer
Information
Data Collection
Advertising
Public Relations
INNOVA TION
Communities
TECHNOLOGY
Human Capital
Labor Organizations
COMMUNITIES
Employment
Labor Markets
Labor Productivity
Community
Organizations
Social
Workers
Gove rn an ce
R&D
Governance
Board
BUS INE SS
Integrated
Spirituality
Corp. Assets
C-Suite
Risk
Return
Lobby in g
CMO
COO
CHR
CSO
Growth
Treasury
CFO
Dividend / Payment
Decision
Investment
Decision
Pe rs o n
Consumer
Logistics
Raw Materials
T4
Portfolio
Investment
Transpor t
Manufactured
Capital
Finance
ROI
Supply Chain
Tangible (Book Value)
Fixed
Current
Long-term
Intangible:
Intellectual Property
Knowhow
Productivity
Goodwill
Brand Value / Reputation
Manufacturing
T2
Harmony with Nature
Family & Friends
Production
Processes
Valuation
Financial
CIO
Production
Infrastructure
Cash Flows
Retained Earnings
CEO
V ot in g
C i t i ze n
Manufacturing
T1
Distribution
& Retail
Individual
Creativity
W e l l b e i n g
CAO
Comptroller
Treasurer
Director of Finance
W o rk e r
PRODUCTION
SYSTEMS
Technology
Financing
Decision
Buy-Side
Corporate Treasury
Leadership & Values
Investor
Intellectual Capital
Education / Understanding
Leisure
Participation & Trust
Social Capital
Belonging / Affection / Identity
Equity / Fairness / Dignity
Autonomy / Freedom
Security
Advertising
Subsistence Goods
Physical Capital
Mental & Physical Health
PEOPLE
BUILT
ENVIRONMENT
CORPORAT ION S
Human Capital
Wages
Social
Entrepreneurs
Aesthetic value
Landscape
Cultural and built heritage
Spiritual and religious
Tranquillity
Inspirational
Therapeutic
Tourism and ecotourism
Recreation
Sport
Social cohesion
Cultural diversity
Vibrant communities
Local employment
and economy
Traditional industry
Sense of place
Rural character
Cultural heritage
Historic
Archaeological
Educational/Learning
Atmospheric
Renewable
Energy
Social & Cultural
Land Use
Food
Fibre
Fuel
Raw materials
Genetic resources
Biochemicals,
natural medicines,
and pharmaceuticals
Ornamental resources
Fresh water
Other Provisioning
Water
Provisioning
Soil & Soil formation
Photosynthesis
Primary production
Nutrient cycling
Water cycling
Hydrology
Air quality and climate
Biomass
Supporting
Habitats of plants and animals
Biodiversity - Genetic resources
Ecologies
Accessibility
Permeability of urban areas
Animal health and welfare
Minerals
Space / Land
Disruptive Innovation
Sector
Provisioning
Air quality regulation
Climate regulation
Water regulation
Erosion regulation
Flood regulation
Water purification
Waste treatment
Natural hazard regulation
Climate regulation
Disease regulation
Pest regulation
Pollination
Fossil Fuels
Mature
Size
New
Corporations
SME
Startup
Regulating
En
er
g
Fo y: e
re lec
st
r trici
13 Ag y
ty
ric
&
%
ul
he
at
8% Tra ture
ns
po
B
3%
ui rta
ld
t
in io
W gs n
as
te
Fo & W
ss
as
il
t
M Fue ew
a
an
l
u Pro ter
Ch fact du
em uri cti
on
n
Co ical g
ns s
19
t
%
W ruct
at
er ion
M
in
er
Re als
ta
il
Re & S
cr erv
ea
i
tio ces
&
n
/ T IC
ou T
ris
m
%
%
%
14
26
17
DECOUPLING
Inputs
Ecosystem Services
Toxics
Water
Waste
Energy
Land-use
Outputs
Life Cycle Inventory
Throughput (LCI)
Natural Capital
Planetary
Boundaries
Terrestrial
Aquatic
Subterranean
Population
% GHG
Environmental
Toxics
(Large / Public / Multinational)
Resident
Fossil Fuel
Reserves
NATURAL ENVIRO NMENT
Planetary
Boundaries
• Climate change
• Biodiversity loss
• Biogeochemical:
nitrogen, phosphorus
• Ocean acidification
• Land use
• Freshwater
• Ozone depletion
• Atmospheric aerosols
• Chemical pollution
Demographics
Kelly Clark
Director
61Grosvenor Street
London W1K 3JE
kelly@tellusmater.org.uk
tellusmater.org.uk
copyright © 2014 Tellus Mater
Tellus Mater • Status Quo Capitalism Map • Barriers & Problems
Version 0.8 • May 2014
Short-termism
Entrenched Interest & Power
Perverse incentives
Money
Political Influence
Ineffectual global governance
Development Banks
Department
for Business
Innovation & Skills
Regulatory Capture
De f e n se
& S e c u ri t y
HM Revenue
& Customs
Nationalism
L egis la tio n
Po licy
Armed Forces
Business
Taxes
Security
Poor Metrics
Banking
Regulators
Debt Obligations
Commercial Paper
Bonds
Overabundance
of cheap capital
Preferred Stock
Business Education
Thought Leaders
Futures
Contracts
Mon e y Markets
High Street Banks
Building Societies
Stock Brokers
Alternative Assets
Currency
Currency
Markets
Real Estate
Real Property
Property
Markets
Master Limited Partnerships
Real Estate Investment Trusts
Fund of Funds
Supply of
Financial Supply ChainSustainable
Products
Hedge Funds
ICE Futures
INFORMATION
TRANSPARENCY
Consistent Reporting Standards
Accountants
/ Auditors
Board
High-Frequency Trading
Disintermediation
Dematerialization
Crowd Sourcing – Mass Collaboration
Open Innovation – Open source IP
Big Data – Analytic & Computational Models
Empowerment via decentralized/distributed knowledge
Portfolio
Management Software
MEDIA
Research Portals
News Media
Social Media
Entertainment
Individual Investor
NGOs
Sustainable Investor
Organizations / Forums
ESG Reporting
Collaborative
Bodies
L obby in g
Non-Profits
Consumer
Information
Advertising
Public Relations
Communities
Labor Organizations
COMMUNITIES
Appropriate Role:
confrontation or collaboration?
Wealth Inequality
Data Collection
Employment
Labor Markets
Labor Productivity
Disconnection &
Divergence of Fortunes
R&D
Corp. Assets
C-Suite
Risk
Manufactured
Capital
Return
CIO
CMO
COO
CHR
CSO
Treasury
CFO
Growth
Finance
ROI
Narrow Short-Term
Financial Focus
Regulatory Uncertainty
Excessive Lobbying
Power
Dividend / Payment
Decision
Investment
Decision
Affluenza
Transpor t
Inefficiency
Logistics
Raw Materials
T4
Portfolio
Investment
Supply Chain
Production
Processes
Valuation
Financial
Unstable Employment
Unemployment
Production
Infrastructure
Cash Flows
Retained Earnings
PrincipleCEO
or Agent?
Tangible (Book Value)
Fixed
Current Hard asset risk
Long-term
Intangible:
Intellectual Property
Knowhow
Talent risk
Productivity
Brand risk
Goodwill
Brand Value / Reputation
Low Savings
High Debt
Manufacturing
T2
Manufacturing
T1
Transportation
Refrigeration
Packaging
Supply of
Sustainable
Products
Distribution
& Retail
Consumer
Manufacturing
Desire
BUILT
ENVIRONMENT
Disenfranchisement
Family & Friends
Social Status
Work-Life
Imbalance
Lack of
Demand
Pe rs o n
Individual
Spirituality
Harmony with Nature
Creativity
Intellectual Capital
Education / Understanding
Leisure
Participation
& Trust drive
Economy doesn’t
balanced/ Affection
wellbeing
Belonging
/ Identity
Equity / Fairness / Dignity
Autonomy / Freedom
Social Capital
Social function of
wealth and consumption
Security
Advertising
Wages
V ot in g
C i t i ze n
Intergenerational
Equity
Subsistence Goods
Consumerism
Novelty
Hedonic treadmill
The paradox of failed fulfillment
CORPORAT ION S
(perceived)
Powerlessness
Ambivalence
about Capitalism
W e l l b e i n g
CAO
Comptroller
Treasurer
Director of Finance
W o rk e r
PRODUCTION
SYSTEMS
Technology
Financing
Decision
Buy-Side
Corporate Treasury
Loss of
historical imagination
Community
Organizations
Investor
Human Capital
Excessive Compensation
Lack of Disclosure
BUS INE SS
High Net Worth Individuals
Family Offices
Transparency
TECHNOLOGY
Leadership & Values
Foundations
Foundation
Endowments
Corporate Treasury
Network of
Sensors & Things
Workers
Rent Seeking
Insurance Companies
Excessive Returns to Capital
Social Externalities
Governance
Funde rs
University
Endowments
Investment
Advisors
Data / Information
C IT
Social
Lobby in g
Risk
Sustainable
Investment
Advisors
Information
Technology
INNOVA TION
Integrated
Pension Funds
Asset
Manager
Market Value vs.
Fundamental Value
Lack of Innovation
(beyond technology)
Ownership Models
Gove
rn an ce
Article of Incorporation
Non-Profit
Consultants
CIVIL SOCIETY
Proliferation of
data/reporting standards
Philanthropy
Organizations
Private Equity
Information Services
Bloomberg , Reuters
Sustainability
Consultants
Pension
Consultants
Return
Benchmarks
Business
Valuation
Inadequate Risk Assessment
CONSULTANTS & DATA PROVIDERS
ESG information
& service providers
Philanthropy
Advisors
Sovereign Wealth Funds
Research
London Metal Exchange
Symbolic Economy vs. Real Economy
0 sum game vs. non-0 sum game
Consultants
Tax
Advisors
Unclear
Terminology
Venture Capital Funds
Knowledge
Measurement
Difficulties
Legal
Advisors
Pooled
Funds
Equity Analysts
Volatility
Surplus Liquidity
High-speed Trading
OTC Market
L.I.F.F.E.
Excessive
Speculation
Derivatives
Markets
Commodity
Markets
ADVISORS
PRODUCTS
Unit Trusts
Stock
Markets
Derivatives
DATA/
ANALYSIS
CI VI L S E C T O R
Buy-Side / Principles
Rating Agencies
Bond Dealers
Private Equity &
Venture Capital
Sell-Side / Agents
Lack of
Structural Change
Tax Avoidance
Tax Havens /
Secrecy Jurisdictions
State Pensions
Credit Analysts
Bond
Markets
Commodities
Currency
Contracts
Professional / Industry
Organizations
Assurance
Invst. & Commercial Banks
B o n ds
Barriers / Issues
I NVE S T O R S
L o b b yi ng
Banking
System
Sto ck s
Commodities
Contracts
Professional Standards
Organizations
Actuaries
Match Buyers & Sellers
Absorb Risk
Liquidity
Diversity
Hedging
Data / Information
Government
Income &
Buyers
Consumption
Tax Evasion
Taxes
Department of The Pensions
Work and Pensions Regulator
NEST
Stock Exchanges
LEARNING COMMUNITIES
PROFESSIONAL ORGANIZATIONS
Coalitions
Communities of Practice
Central Bank
Systemic
Risk
Capi t al Markets
Mezzanine
Direct Ownership
Shareholder Pressure
Engagement vs Divestment
Experts
REPO
Libor
Money Supply
Underwriting
Corporate Advisory
Merger & Acquisitions
Banking
E q u i t y
Financial Capital
Common Stock
Capital Structure
Lack of a well-developed
Sustainable Macroeconomics
Sovereign
Debt
D e b t
Bank Loans
Business
Education
UK Law Commission
Banking & Securities
Regulators
Instability
Bank ofLeverage
England
Excess
Risk / Ret u r n (wa t er f a l l )
Cash
Rethinking
Growth
Courts
M AR KE T S Purpose:
Asset Classes
Financial Instruments
E c on om ic
E nv i r onm ent
Consumer
Protection
FINANCE
Tax Evasion
Tax Avoidance
Key Actors
Pro curement
HM Revenue
& Customs
Policy Makers
Subsidies
E DUCAT I O N
& RE SEAR CH
Law
Office of
Fair Trading
Reliance on GDP
Energy Perverse
Environmental
Incentives Environmental
Regulators
Regulators
Regulators
Tra de
Ta x es & Fees
Financial
Securities
Authority
Leaders
HM
Treasury
Policy arbitrage
Business Policy &
Development
National
Too-big-to-fail
Privatized Gain – Socialized Losses
Regulatory Inadequacy
Materials & Energy
European Union
Department for
Ministry
Environment, Food Environment
of Power Regulatory
Agency
Complexity
and Rural
Affairs
MI5
MI6
MOD
World Trade Organization
United Nations
Central Banks
R e g u l at i on
Wall of Complexity
Taxes & F e e s
ECO NO M Y
Legend
International
GO VERNMENT
ACROSS the SYSTEM:
Physical Capital
Mental & Physical Health
PEOPLE
Human Capital
Nature Deficit
Disorder
Spiritual and religious
Tranquillity
Inspirational
Therapeutic
Tourism and ecotourism
Recreation
Sport
Social cohesion
Cultural diversity
Vibrant communities
Local employment
and economy
Traditional industry
Sense of place
Rural character
Cultural heritage
Historic
Archaeological
Educational/Learning
Atmospheric
Toxics
Water
Waste
Energy
Land-use
Risk to Resilience
Natural Capital
Planetary
Boundaries
Aquatic
Subterranean
Fossil Fuel
Reserves
Carbon Intensity
Climate
Impacts
Carbon Budget
Environmental
Externalities
Terrestrial
Time Delay
Life Cycle Inventory
Throughput (LCI)
NATURAL ENVIRO NMENT
Uneven Distribution
Externalization in Time & Space
Downsides of Globalization
Planetary
Boundaries
• Climate change
• Biodiversity loss
• Biogeochemical:
nitrogen, phosphorus
• Ocean acidification
• Land use
• Freshwater
• Ozone depletion
• Atmospheric aerosols
• Chemical pollution
Multi-factor Global Arbitrage
Geographic Disconnection
Aesthetic value
Landscape
Cultural and built heritage
Renewable
Energy
Food
Fibre
Fuel
Raw materials
Genetic resources
Biochemicals,
natural medicines,
and pharmaceuticals
Ornamental resources
Fresh water
Other Provisioning
Land Use
Soil & Soil formation
Photosynthesis
Primary production
Nutrient cycling
Water cycling
Hydrology
Air quality and climate
Social & Cultural
Water
Habitats of plants and animals
Biodiversity - Genetic resources
Ecologies
Accessibility
Permeability of urban areas
Animal health and welfare
Provisioning
Biomass
Air quality regulation
Climate regulation
Water regulation
Erosion regulation
Flood regulation
Water purification
Waste treatment
Natural hazard regulation
Climate regulation
Disease regulation
Pest regulation
Pollination
Supporting
Minerals
Space / Land
Disruptive Innovation
Sector
Social
Entrepreneurs
Provisioning
Outputs
Measurement Difficulties
Fossil Fuels
Mature
Size
New
Corporations
SME
Startup
Sector focus?
En
er
g
Fo y: e
re lec
st
r trici
13 Ag y
ty
ric
&
%
ul
he
at
8% Tra ture
ns
po
B
3%
ui rta
ld
t
in io
W gs n
as
te
Fo & W
ss
as
il
t
M Fue ew
a
an
l
u Pro ter
Ch fact du
em uri cti
on
n
Co ical g
ns s
19
t
%
W ruct
at
er ion
M
in
er
Re als
ta
il
Re & S
cr erv
ea
i
tio ces
&
n
/ T IC
ou T
ris
m
%
%
%
14
17
26
Regulating
Hit the big targets
DECOUPLING
Inputs
Ecosystem Services
Standardization / Mono-cultures
Monopolization
Inequalities:
Income / Wealth
Social Mobility
Gender
Race
Sexual Orientation
Education
Population
Growth
Population
% GHG
Environmental
Toxics
(Large / Public / Multinational)
Resident
Demographics
Kelly Clark
Director
61Grosvenor Street
London W1K 3JE
kelly@tellusmater.org.uk
tellusmater.org.uk
copyright © 2014 Tellus Mater
Tellus Mater • Status Quo Capitalism Map • Institutional Investment Leverage Points & Relevant Organizations
Version 0.8 • May 2014
Leverage Point
Taxes & F e e s
Numbers before organizations indicate
the number of mentions in the survey.
Department
for Business
Innovation & Skills
Across the system:
MOD
MI5
MI6
Business
Taxes
Armed Forces
Security
Energy
Regulators
Bonds
Preferred Stock
Business
Education
ShareAction
Tomorrow’s Company
CDP
PRI
Thought Leaders
IIGCC
Smith School Oxford
LEARNING COMMUNITIES
PROFESSIONAL ORGANIZATIONS
AODP
Aspen Institute Business & Society Programme
Carbon Tracker
Coalitions
Professional / Industry
Communities of Practice
Organizations
Ceres
Generation Investment Management
Knowledge
Kay Review
Professional Standards
Aviva
Organizations
EuroSIF
Hermes OES
Actuaries
Assurance
Accountants
/ Auditors
Kingfisher
Mercer
Network for Sustainable Financial Markets
Rocky Mountain Institute
TEEB Business
Social coalition
Towers Watson
UNEP FI
Mezzanine
Futures
Contracts
Currency
Contracts
Alternative Assets
Lobby in g
Currency
Currency
Markets
Real Estate
Real Property
Property
Markets
3
ESG information
& service providers
Sustainability
Consultants
Financing
Decision
Buy-Side
Corporate Treasury
Retained Earnings
Disintermediation
19 CDP
TRANSPARENCY
Dematerialization
Crowd Sourcing – Mass Collaboration
9 Carbon Tracker
Open Innovation – Open source IP
Data Collection
Data – Analytic & Computational Models
7 Climate Disclosure Big
Standards
Board knowledge
Empowerment
via decentralized/distributed
6 International Integrated Reporting Council
6 SustainabilityINNOVA
Accounting
Standards Board
Communities
TION
3 Bloomberg
3 Prince of Wales Acccounting for Sustainability
2 AODP
Workers
2 Aviva Investors
TECHNOLOGY
Human Capital
2 Global Canopy Programme/UNEP FI
R & D Network (GIIN)
2 Global Impact Investing
PRODUCTION
2 Global Reporting Initiative
SYSTEMS
2 IFC
Technology
2 Puma
Production
2 Tellus Institute
Infrastructure
Flows
2 Cash
Trucost
Risk
Return
Growth
Treasury
CFO
Finance
ROI
Investment
Dividend / Payment
Decision
Investment
Decision
Spiritual and religious
Tranquillity
Inspirational
Therapeutic
Tourism and ecotourism
Recreation
Sport
Atmospheric
Renewable
Energy
Social cohesion
Cultural diversity
Vibrant communities
Local employment
and economy
Traditional industry
Sense of place
Rural character
Cultural heritage
Historic
Archaeological
Educational/Learning
Land Use
Aesthetic value
Landscape
Cultural and built heritage
Water
Social & Cultural
Biomass
Food
Fibre
Fuel
Raw materials
Genetic resources
Biochemicals,
natural medicines,
and pharmaceuticals
Ornamental resources
Fresh water
Other Provisioning
Minerals
Space / Land
Disruptive Innovation
Provisioning
Soil & Soil formation
Photosynthesis
Primary production
Nutrient cycling
Water cycling
Hydrology
Air quality and climate
Fossil Fuels
Mature
Size
New
Corporations
(Large / Public / Multinational)
SME
Startup
En
er
g
Fo y: e
re lec
st
r trici
13 Ag y
ty
ric
&
%
ul
he
at
8% Tra ture
ns
po
B
3%
ui rta
ld
t
in io
W gs n
as
te
Fo & W
ss
as
il
t
M Fue ew
a
an
l
u Pro ter
Ch fact du
em uri cti
on
n
Co ical g
ns s
19
t
%
W ruct
at
er ion
M
in
er
Re als
ta
il
Re & S
cr erv
ea
i
tio ces
&
n
/ T IC
ou T
ris
m
%
%
%
14
26
Supporting
Habitats of plants and animals
Biodiversity - Genetic resources
Ecologies
Accessibility
Permeability of urban areas
Animal health and welfare
Toxics
Water
Waste
Energy
Land-use
Natural Capital
Planetary
Boundaries
Terrestrial
Aquatic
Subterranean
Government
Income &
Influencing
Pension Funds
Fossil Fuel
Reserves
NATURAL ENVIRO NMENT
Communications
& Media
10 350.org
8 Greenpeace
6 ShareAction
5 Carbon Tracker
Employment
4 Labor
CERES
Organizations
Labor Markets
Labor Productivity
4 WWF
3 Guardian sustainable business
2 Aldersgate Group
Investor
2 AODP
2 CDP
2 Climate Group
W o rk e r
2 Environmental Finance
2 Eurpean Climate Foundation
2 IIGCC
2 Responsible Investor
Evidence on the
Materiality of Climate Risk
Consumer
Information
Community
Organizations
Spirituality
Pe rs o n
Logistics
Manufacturing
T2
19
8
4
3
3
3
3
3
2
2
2
2
2
2
2
2
2
Manufacturing
T1
Carbon Tracker
CERES
Academic Institutions (UEA, Sussex)
AODP
CDP
HSBC
ShareAction
Smith School Oxford
Bloomberg
IIGCC
Institute of Actuaries
Mercer
Met Office
Munich Re
SASB
Trucost
UNEP FI
Distribution
& Retail
Harmony with Nature
Family & Friends
Transpor t
Consumer
V ot in g
C i t i ze n
Individual
Creativity
Leisure
Participation & Trust
Social Capital
Belonging / Affection / Identity
Equity / Fairness / Dignity
Autonomy / Freedom
Security
Advertising
Subsistence Goods
Physical Capital
Mental & Physical Health
PEOPLE
Human Capital
Wages
Resident
Planetary
Boundaries
• Climate change
• Biodiversity loss
• Biogeochemical:
nitrogen, phosphorus
• Ocean acidification
• Land use
• Freshwater
• Ozone depletion
• Atmospheric aerosols
• Chemical pollution
Intellectual Capital
Education / Understanding
Population
17
Provisioning
Outputs
Life Cycle Inventory
Throughput (LCI)
Toxics
% GHG
DECOUPLING
Inputs
Ecosystem Services
Air quality regulation
Climate regulation
Water regulation
Erosion regulation
Flood regulation
Water purification
Waste treatment
Natural hazard regulation
Climate regulation
Disease regulation
Pest regulation
Pollination
4
BUILT
ENVIRONMENT
Environmental
Regulating
Supply Chain
Raw Materials
T4
Tangible (Book Value)
Fixed
Current
Long-term
Intangible:
Intellectual Property
Knowhow
Productivity
Goodwill
Brand Value / Reputation
The Pensions
9
COMMUNITIES
Manufactured
Capital
CORPORAT ION S
Social
Entrepreneurs
UK Law Commission
Advertising
Public Relations
Production
Processes
Portfolio
Sector
Clarifying Fiduciary Duty
Courts
6
Data / Information
Valuation
CSO
London Metal Exchange
Information
Technology
Corp. Assets
Data / Information
HM Revenue
& Customs
High-Frequency Trading
Leadership & Values
CHR
ICE Futures
2
Key Actors
Pro curement
Investment Structures,
Products & Services
5
Transparency:
data & standards
C IT
INFORMATION
Consultants
Financial
COO
Commodity
Markets
L.I.F.F.E.
CONSULTANTS & DATA PROVIDERS
C-Suite
CMO
Derivatives
Markets
Master Limited Partnerships
Real Estate Investment Trusts
CEO
CIO
OTC Market
Derivatives
Consumer
Protection
Ta x es & Fees
Law
W e l l b e i n g
Integrated
Stock Brokers
Private Equity &
Venture Capital
Tra de
Office of
Fair Trading
Department of
Buyers
17 ShareAction
Consumption
Work and Pensions Regulator
Taxes
7 Network for Sustainable Financial Markets
6 UK Law Commission
NEST
State Pensions
5 Carbon Tracker
5 UNEP FI
I NVE S T O R S
CI VI L S E C T O R
3 AODP
Sell-Side / Agents
Buy-Side / Principles
3 CDP
DATA/
ADVISORS
3 Client Earth
ANALYSIS
PRODUCTS
Legal
Tax
Philanthropy
Philanthropy
Non-Profit
3 PRI
Advisors Advisors
Advisors
Organizations
Consultants
2 International Integrated Reporting Council Sovereign Wealth Funds
Credit Analysts
2 Natural Capital Declaration
Unit
2TrustsPrinciples for Sustainable Insurance
Rating Agencies
2 Tomorrow's Company
Pension
Pooled
Funde rs
Pension Funds
University
Funds
Consultants
Endowments
2 UKSIF
Equity Analysts
Fund of Funds
12 ShareAction
6 IIGCC
Risk
Insurance Companies
6 Mercer
Financial Supply Chain
Return
5 AODP
Hedge Funds
Investment
Foundations
Foundation
Advisors
EndowmentsTracker
5 Carbon
Corporate Treasury
4
CERES
Research
6 Green Investment Bank
4 PRI
Venture Capital Funds
Asset
4 Climate Bonds Initiative
2 Aviva
Manager
Benchmarks
High Net Worth Individuals
4 Generation Investment Management
2 Calpers
Family Offices
3 Impax
2 CDP
Private Equity
2 Alliance Trust
2 Tomorrow's Company
Sustainable
Investment
2 Bloomberg New Energy Finance
Individual Investor 2
Towers Watson
Advisors
2 Climate Policy Initiative
2 UKSIF
2 FTSE
2 Anglia Ruskin University
Portfolio
2 IFC
2 P80 Group Foundation
MEDIA
Management Software
Information Services
NGOsPension Fund
2 IIGCC
2 Environment Agency
Bloomberg , Reuters
Research Portals
News Media
ESG Reporting
2 ShareAction
Social Media
Collaborative
Sustainable
Investor
Entertainment
Bodies
2 The Carbon Trust
Organizations / Forums
2 Triodos Bank
L obby in g
Transparency
2 Trucost
Network
of
2 Sensors
WHEB
Non-Profits
& Things
Stock
Markets
Commodities
Commodities
Contracts
Governance
CAO
Comptroller
Treasurer
Director of Finance
Po licy
Stock Exchanges
Direct Ownership
Gove rn an ce
Board
B o n ds
Materials & Energy
CIVIL SOCIETY
8
8
6
6
4
4
3
3
3
3
3
3
2
2
2
2
2
2
2
2
2
2
L egis la tio n
Sto ck s
E q u i t y
1
Capital Structure
Financial Capital
Experts
Common Stock
Banking
D e b t
Bank Loans
Commercial Paper
Government Policy
National
Environment
Agency
Underwriting
Corporate Advisory
Merger & Acquisitions
Risk / Ret u r n (wa t er f a l l )
Cash
Long-Term Incentives
Political Influence
World Trade Organization
European Union
8 IIGCC
Financial
HM TrackerLeaders
5 Carbon
Securities
Treasury
Authority
5 E3G
Environmental
Environmental
4 Greenpeace
Regulators
Regulators
Policy Makers
3 Aldersgate
Group
Banking
Banking & Securities
Regulatorsof the Earth
Regulators
3 Friends
FINANCE
3 PRI
3 ShareAction
M AR KE T S Purpose:
Match Buyers & Sellers
3 WWF
Bank of England
Absorb Risk
L o b b yi ng
Liquidity
2 Aviva
REPO
Money Supply
Sovereign
Diversity
Libor
Debt 2
CERES
Hedging
Central Bank
2 Climate Policy Initiative
Banking
2 European Commission
System
Commercial Banks
High Street Banks Building Societies
Mon e y Markets
2Invst. & Green
Alliance
Bond
2 Smith School Oxford
Markets
Bond Dealers
Capi t al Markets
2 UNEP FI
Asset Classes
Financial Instruments
Cambridge Programme for Sustainability Leadership
Unilever/Paul Pollman
PRI
ShareAction
B Team
ECF
E DUCAT I O N
IIGCC
New Economics Foundation & RE SEAR CH
Global Investor Coalition on CC
E c on om ic
E nv i r onm ent
BUS INE SS
Department for
Environment, Food
and Rural Affairs
Leverage Point
Money
United Nations
Central Banks
R e g u l at i on
Ministry
of Power
Leadership
5
5
3
3
2
2
2
2
2
ECO NO M Y
De f e n se
& S e c u ri t y
HM Revenue
& Customs
Business Policy &
Development
7
8
Development Banks
Shareholder Pressure
#
#
Legend
International
GO VERNMENT
Demographics
Kelly Clark
Director
61Grosvenor Street
London W1K 3JE
kelly@tellusmater.org.uk
tellusmater.org.uk
copyright © 2014 Tellus Mater