ROI is king. Investing $1.8 trillion in climate change adaptation strategies over the next ten years could yield a $7.1 trillion return. That’s the latest report from the Global Commission on Adaptation: an international think tank co-chaired by a supergroup of advocacy rock stars—Bill Gates, former U.N secretary Ban Ki-moon, and World Bank CEO Kristalina Georgieva. The five adaption strategies include investing in early warning systems, building more durable infrastructure and improving water management. Fast Company
Sustainable signals. Over 80% of individual investors are interested in sustainable investing while 50% are actually acting and taking party in at least one sustainable investment. That’s the highest level recorded by Morgan Stanley’s biennial Sustainable Signals survey, up from around 70% in 2015. Interestingly, 64% of respondents said they expected lower financial gains from sustainable investments but 86% also agreed that good ESG practices can deliver greater long-term returns. Morgan Stanley
Burning bright. Despite its current wildfires, Indonesia was a rare bright spot in a report on the world’s efforts to cut deforestation rates in half by 2020, as per the New York Declaration on Forests (NYDF). According to the NYDF, the speed of deforestation worldwide has surged 43% since 2014. In Indonesia, however, felling rates retracted 30% last year – led by good weather but, also, good policy. Widodo’s government is actively preserving forest and peatland, renewing a 2011 moratorium on development just last month. Eco-Business
Support grid. South Africa is mulling a proposal led by Cape Town think tank Meridian Economics to bail out the debt-struck state electric utility, Eskom Holdings, with an $11 billion green financing fund. The fund, backed by private funders and development finance institutions, would allocate capital to Eksom on the condition it closes coal power plants and invests more in renewables. A Meridian spokesperson said the deal would be the largest “global climate finance transaction” to date. Bloomberg
Muddying the waters Continuing its rollback of Obama-era environmental policies, the White House last week repealed a 2015 clean water act, which curtailed the seepage of chemicals into U.S. water supplies. However, some major agricultural unions support the repeal, saying the clean water act encroached on farmers’ property rights. New York Times
In The Loop
How Sustainable Start-up Rothy’s Found Success Turning Recycled Water Bottles into Fashionable Footwear Fortune
Energy Companies Have the Power to Act on Purpose Fortune
If Hospitals Made Efforts to Go Green, Health Care Costs Would Go Down Fortune
Nestlé Says It Will Achieve ‘Net Zero’ Emissions. But What Does That Mean? Fortune
7 million displaced
In the first half of 2019, seven million people were displaced by extreme weather events, such as Hurricane Dorian, which devastated the Bahamas earlier this month. As the New York Times explains, that number needs a little unpacking. While it’s the highest midyear figure recorded since 2003, when records began, it also includes people who, thanks to improved early warning systems, were evacuated ahead of impending natural disasters — such as the 3.4 million people in India and Bangladesh removed from harm’s way before Cyclone Fani struck in May. It’s a ray of hope that as climate change continues to intensify extreme weather events we can build better systems to mitigate disaster.
Weekly summaries of corporate sustainable goals.
In 2015 the Coca Cola Company set itself eight key sustainability goals to achieve in five years. According to its latest report (2018) the company has seen declining success in its target for 95% of direct suppliers to be compliant with Coca Cola’s human rights principles; is on track to meet a 25% reduction in the carbon footprint of the “drink in your hand”; has stagnated at 59% in its efforts to achieve 75% recycling of bottles and cans; and has exceeded its goal of investing 1% of operating income into local communities.
This edition of CEO Daily was edited by Eamon Barrett. Find previous editions here, and sign up for other Fortune newsletters here.