I am glad to “change the club” for a moment, not least as Sitra is originally a spin-off of the Bank of Finland, some half a century ago. Already in 1987, the report of the World Commission on Environment and Development – known as the Brundtland Commission – defined the need for economic growth to be socially and environmentally sustainable.
I am a proud owner of the first edition of that report. Already back then, key questions of sustainable development were much the same as today: how to balance its three pillars, i.e. economic, social and ecological development. Today, it is widely recognized that climate change is a significant risk to economic growth and financial stability – and to the future of our planet.