Read our White Paper:
"3 Laws to Address Tail Risks Threatening Planetary Solvency"
The Scorpion's Tail Club is a discreet forum for banking, insurance, pensions, and investment leaders to address tail risks that drive increasingly frequent and severe climate-related events and social disruptions. Club members connect, collaborate, and draft policy recommendations advocating for corporate legislative changes that prevent business activities from breaching critical ecological and social thresholds.
Members-Only
Curated
Discreet
The NEED, the SOLUTION & the 3 LAWS OF BUSINESS
Our Mission is is to define the policies and legislation needed to change the conditions for economic growth away from "profits at all costs", towards "sustainable profits" achieved within global environmental limits to ensure "planetary solvency".
The Need:
Influential leaders from the banking, insurance, pension, and investment sectors increasingly understand the consequences of climate-related tail risks for their industries and overall planetary solvency. But they need a “safe” place to collectively and frankly discuss and strategize about the policies and legislation needed to address these challenges, AND see those discussions and recommendations acted upon and implemented.
Source: Climate Scorpion
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The Solution:
The Scorpion's Tail Club - the Club - offers a unique forum where, operating under Chatham House rules, financial leaders can:
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Convene in sector-specific topical working groups to engage in discreet, candid discussions about extreme risks and threats to solvency, evaluate system-changing options;
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Discuss and synthesize policy options into policy papers;
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Prepare legal recommendations whose implementation would bring the policy recommendations to life;
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Advance the policy & legislative recommendations to lobbyists for presentation to decision-makers.
(See the Methodology diagram below.)
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Club members benefit by both contributing to de-risking the future for their industries, their clients, and themselves by creating the foundation of a new economic ethos needed for a sustainable future. All without risking personal or business credibility.
Our Guiding Principles reflect "3 Laws of Business" that serve as the conceptual foundation guiding Club activities towards results that will ensure long-term sustainability, profitability and planetary solvency.
The 3 Laws of Business:
Science fiction has the 3 Laws of Robotics designed to ensure that robots will cause no harm to humans.
Sustainable business now has the 3 Laws of Business that create "economic guardrails” to ensure long-term sustainability and profitability and prevent business activities that harm people and the underlying environmental systems upon which we depend.
A corporation may not engage in activities that exceed their entity-specific allocations of vital capitals*.​
A corporation may pursue profits to ensure its continued existence so long as such pursuit does not conflict with law #1.
​To ensure "strong" sustainability, a corporation may only exceed its allocated share of capital* IF such excess can be offset by capital* reserves or a compensatory arrangement within the same capital* class (i.e. no cross-capital trading!), ensuring cumulative effects remain within capital* threshold limits.
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* The 7 forms of capital referenced here are: natural, cultural, human, social, political, financial, and built/manufactured
(This means companies are required to operate within their allocations to prevent breaching either minimum or maximum capital thresholds, ensuring the sustainability of all forms of capital upon which they and other stakeholders depend.)
The 3 Laws of Business provide a powerful framework of principles [rooted in policy and legislation] that enable sustainable profits and growth, ensuring financial, social and planetary solvency and empowering the concept of Doughnut Economics which similarly strives for [business] activity to take place within specific environmental and social thresholds.
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Source: Doughnut Economics Action Lab
THE PROCESS
The Scorpion’s Tail Club serves as an action-oriented coordinating hub that goes beyond just talking about what's happening, "unifying" the efforts of like-minded individuals & organizations to change systemic policies guiding business activity.
Club members convene at events and in sector- and topic-specific working groups for discussions that all have a shared goal: synthesize and embed the principles reflected in the 3 Laws into policy and legislation recommendations which create the desired clarity of purpose needed to provide decision makers with unequivocal, focused policy positions and legislation whose implementation will lead to sustainable profits and planetary solvency.
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4 Working Groups for each of the 4 financial sectors (insurance, banking, investment & pensions) provide a structured, hands-on framework within which people and organizations convene for discussions and follow-up.
4 Working Groups:
Scorpion's Tail Club members can join 1 or more of the following 4 topical working groups associated with each of the 4 financial sectors.
Through these working groups the participating members prepare topic-specific policy papers and legislation that reflect the 3 Laws of Business.
GOVERNANCE
METRICS
INNOVATION
