It’s not hard to find news stories about such and such millionaire who converted a mansion into a zero-carbon emitter through renewable energy, energy efficiency systems, use of carbon offsets, and the like. That’s not really a game changer in the fight against climate. Affordable, zero-carbon housing that anyone can buy is.

When it comes to the private sector and the need for a more sustainable way of doing things, we find ourselves trapped in the old dichotomy before the chicken and the egg. Should companies wait to be instructed what to do, or should they act proactively to speed up the process and implement their own?

The text below is the Letter from the CEO included in IDB Invest’s annual report. You can download the full report here.

Latin America and the Caribbean now faces a crossroads where we must work to optimize the many opportunities to build a different and better world.

You heard of Google, right? The company is remarkably successful at retaining talent by offering its employees a wide array of incentives, including one that may come as a surprise: if an employee dies, his or her partner keeps getting half the salary each year for a ten-year period.

Although gender, diversity and inclusion (GDI) initiatives are not new for many companies, they usually don’t get implemented for one reason or another. Many companies come up with excellent initiatives but don't have an adequate strategy, or they have the strategy but still lack the initiatives to implement it.