Market Transformation and Sustainability
Tuesday, Nov 18, 2008
The leading barrier to sustainability is market failure. When proper prices are not attached to shared natural resources, these can be treated as free inputs for production or unrestrained consumption-a classic case of tragedy of the commons. When the resources are clean air and access to water, the effects can be felt on a global scale, requiring innovative approaches that go beyond national regulations. The Kyoto Protocol, ratified by more than 170 countries (one notable exception being the United States), highlights the necessity of market transformation by promoting market mechanisms, such as carbon trading, to reduce green house gasses worldwide. For non-compliant factories, is zero-tolerance the best answer, or is cooperative remediation better? What role can long-term partnerships play in solving supply-chain issues, or preventing them before they happen? The panel will consider whether, overall, corporations have truly created sustainable improvements in their supply chains.
Sponsor: Sustainability Practice Network
Date: Tuesday, November 18th, 6:00-8:00pm
Location: Smith Barney 345 Park Avenue New York NY
Michael Gresty, President, Kinetix. He is A respected sustainability strategist and innovation process expert, Michael is President and principal of Kinetix. He oversees all client engagements and leads the development of project deliverables. Michael has extensive experience working with clients such as Chubb, Praxair, Schering-Plough, Gillette, PPG, Herman Miller, The World Bank, Douglaston Development and the California Academy of Sciences.
William McInerney, Partner, Cadwalader, Wickersham & Taft. His practice involves advising lenders in
all aspects of construction and permanent financings, and he has a particular expertise in the sale of performing and nonperforming commercial mortgage and mezzanine loans in the secondary market. Mr. McInerney often counsels clients in restructuring problem loans and on servicing issues that arise in securitized debt.
Jonathan Diorio is a vice president and product specialist for the DWS Climate Change Fund at Deutsche Bank. He joined the firm in 2002 and is based in New York. Jon was previously head of DWS’s closed-end business before moving into his product specialist role. Mr Diorio received his BA from Loyola College and holds his NASD Series 24, 6, 63 and 7 licenses.