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2022 | OriginalPaper | Chapter

6. Integrating Impact into Value

Author : Armen V. Papazian

Published in: The Space Value of Money

Publisher: Palgrave Macmillan UK

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C’est une question de discipline, me disait plus tard le petit prince. Quand on a terminé sa toilette du matin, il faut faire soigneusement la toilette de la planète.

Antoine de Saint-Exupéry, Le Petit Prince, 1943.¹

How wonderful it is that nobody need wait a single moment before starting to improve the world.

Anne Frank, The Diary of a Young Girl, 1947

…

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previous chapter Quantifying Space Impact

next chapter The Algorithms of Sustainable Finance

“It is a question of discipline,” the little prince told me later on. “When you have finished washing and dressing each morning, you must tend your planet”.

Important to note here that impact is not equivalent to ESG scores, where having a policy on X or Y could positively affect your score, where lack of media coverage about controversies earns you good points, etc. These scores and their limitations have been discussed in chapter three and given that they score perception management rather than actual impact, it is not surprising that ESG scores have been found to correlate with positive market returns.

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Title: Integrating Impact into Value
Author: Armen V. Papazian
Publisher: Palgrave Macmillan UK
Book: The Space Value of Money
Print ISBN: 978-1-137-59487-7

Electronic ISBN: 978-1-137-59489-1

Copyright Year: 2022
DOI: https://doi.org/10.1057/978-1-137-59489-1_6