Innovation and Future Cities

I was privileged to write for newSpecial magazine on “Innovation and its Role in the Transition of Cities: A regenerative approach”. Regeneration was argued as the basis for future cities, creating conditions for all of life to thrive. Working to lead the way to the shift in living systems thinking and processes, given its superior results compared to traditional sustainability and ESG approaches, I was happy to present the work to the agencies who often fund and set policy for economic development around the world, such as the World Health Organisation and the United Nations and affiliate agencies, who make up the majority of the readership.

You can read my article on page 28. 

newSpecial is an international magazine, with a regular publication of 10 editions per year. Its editorial committee is made up of officials  from various international organisations based in Geneva. 

In 2015, the magazine was awarded the UNSG award, its goal to discover the formidable network of international expertise and the intellectual and operational abundance that results from it. The magazine’s distribution serves the UN and its affiliated agencies and the World Health Organisation to name a few.

If you would like me to write about regeneration and its role in your industry you can message me at peta.milan@henmilgroup.com

newSpecial juin 2023

Innovation is not technology

Having led technology companies and holding qualifications in “Blockchain Strategy” from Oxford University as well as “Innovation and Competitive Strategy” from the London School of Economics, I often get asked to speak at technology events around the world. 

This has included the World Economic Forum in Davos, WOW Summit in Lisbon where I discussed the future of Web 3.0 and also at family office events where investors are looking to invest in the future of technology. I have also worked with large corporations in an advisory capacity, including their innovation hubs across Europe. 

The thing that surprises me the most is that people still confuse innovation with a technology solution. I recently received feedback from a participant at the 143rd The Global Investment Leaders Club gathering in Dubai where he shared that his biggest takeaway from the event was that innovation was not the same as technology!

  • Innovation is a mindset when one can challenge the fundamental assumptions underpinning our current world view and way of tackling problems
  • If you have an innovative mindset, you can lead across most industries
  • An innovator listens to understand rather than listens to reply
  • An innovator can see the complex interrelationships that most want to oversimplify for the purposes of ease
Living systems thinking is key to being able to develop an ability to hear the underlying assumptions of our strategies, rather than getting lost in the literal translation and overwhelm of content. Living systems is the source framework for regeneration, and it is through developing regenerative capabilities that we become true leaders in innovation. We are no longer scared of complexity, rather we find it a fascinating and natural phenomenon and embrace the continuous evolution of deepening our understanding, which makes us leaders in our field. We learn the art of deep listening and presence, taught by many traditional wisdoms, including listening to the non-human participants in our ecosystems. using regenerative frameworks, we can identify patterns that enable us to work proficiently with complexity and accelerate both our returns and our impact in multiples uncommon for conventional approaches to the technology solutions. We have a lot of technology out in the world, but not a whole lot of innovation.

Innovation is not about technology - it is a mindset and a way of being

To apply for my regenerative leadership development program either in a one on one context – in the bleeding edge “Rewilding the Masculine” program or for your work teams through JET Groups Regenerative Leadership program, you can apply here:

Regenerative Economics Keynote Speech

Regeneration and regenerative investing is a paradigmatic shift away from neoclassical economics

REgenerative Economics Keynote Speech

In May 2023, I was invited to deliver a keynote speech at the University of Glasgow’s Scottish Pluralism in Economics Conference (SPEC). In attendance were notable economists such as Professor Steve Keen, leaders of government advisory and also students who were interested in the topic. Key points from the presentation included:  

  • A highlight of the key assumptions in neo-classical economics that have been proven to be false in the past two decades
  • The role of conventional economics in cultural and species extinction
  • The limitations of ESG and sustainability frameworks in facilitation real impact
  • Why it is so difficult to shift the current economic paradigm
  • The necessity of individual and cultural healing and the role of trauma in modern economics
  • Seeing living systems patterns in places
  • What regenerative investing looks like: investing in place – based potential

The paradigm of scarcity in neo-classical economics is a trauma response to perceived dangers associated with uncertainty, particularly the threat nature poses to our existence. This trauma is stored in the body.

The necessary shift to our economic paradigm which is highly extractive and has lead to major imbalances in our natural system – now posing and existential threat to the human species, is a shift towards a regenerative economics model. Regeneration is about creating the conditions for all of live to thrive and requires three lines of work to take place simultaneously. That is healing:

  • The Self
  • The Group
  • The System 
In order for this shift to happen, there needs to be a robust methodology for doing regenerative work. I, in collaboration with Henmil Group Family Office and JET Group have expanded on J.G. Bennett’s systematics to develop regenerative systematics which is a complete model for the co-evolution of people, groups and systems. There is a lot of talk in the marketplace about regenerative investing, regenerative agriculture and so on, but it is rare to see anyone working with the frameworks necessary for not only transformation, but the necessary transmutation from pain into pleasure; trauma into wisdom; extraction into interdependence; fragmentation into integration and so on.

 

To learn more about developing regenerative capabilities to lead your transition, check out the “Rewilding the Masculine” program

Chairing Commodities Investment Summit – London April 2023

I was delighted to be asked by Commodities People to Chair their new track at Commodities Week in London on April 2023. In addition to chairing the event, I moderated a panel on “Ethical considerations when investing in agricultural and other commodities” and ” Utilising Private Equity, VC and Infrastructure in Commodities Investing” and I also particpated on the panel discussions “Portfolio Design and Methodology – finding the optimal place for  commodities in your asset mix”. It was a hectic two days.

Chairing Commodities Investment Summit - London April 2023

Some key takeaways from the event included:

  • Many leading economists do not understand the difference between weather and climate and therefore undervalue climate risk as a serious down-side risk affecting future asset value
  • The energy transition from oil and gas to renewables will not solve climate change
  • Investors are not divesting from oil and gas, with Saudi Aramco reporting the largest profits in history in the first quarter of 2023
  • The shift to renewables is driven by politics and economics, not the climate data from the IPCC AR6 report
  • We need over 400 new mines in the next 10 years in critical minerals such as lithium, nickel and cobalt, which are essential for the batteries and components for wind, solar and EV production, to reach the climate targets set our by governements. 
I’m going to break this distinction between weather and climate for all the economists out there and anyone else form whom this may need clarification. Imagine you are an owner of turtles and you have them living in a terrarium. You have a cover over the terrarium so they don’t escape because they are actually cleaver creatures. Mini-Houdinins. The terarium sits on a window sill that over looks the beautiful outdoors. Now on any given day you could have a beautiful sunny day or a rainy day. This is weather. 

However, the conditions of the terrarium are changing over time if you don’t look after it. There is increasing gases inside due to all the waste (in this instance turtle poop, in the Earth’s case greenhouse gases) This increases the humidity and heat of the whole terrarium. Now this is where I need some creative license with my analogy as it doesn’t apply too much to a terraroum in this exact example, even though the earth’s atmosphere is a kind of terarium. The overall warming doesn’t mean we are necessarily goinf to see increating hot days (weather) although it can,  rather, we will see melting of icecaps increasing sea levels, the warming of oceans which will make it too hot in the seas for many essesntial sea life to survive, which throws this ecosystem out of balance and we start seeing acidification of the oceans and dead zones. We will start seeing increased catastrophic climate events, such as cyclones, drought, flash floods, tsunami’s, blizzards, forest fires and increase salination of farmland and so on. We have seen over 8,000 catastrophic climate events between the year 2000 and 2020, affecting over 4 billion people and costing the global economy over $USD2.97 trillion in losses. This figure has continued to rise per annum since 2020. Due to imbalances in integrated ecosystems, we are seeing rapid losses of species, both flora and fauna and particularly our pollinating species, essential for our own survival. We are seeing 1 square meter of land lost to decertification per second. We are already on the verge of a soil extinction, having lost 75% of our soil’s biomass. This biomass loss means we also have a fresh water crisis, with increased salination of farmlands and so on and so on.

If this sounds depressing, it is because it is. However the good news is nature recovers FAST, we just need to change our relationship to nature as “Ecosystem services” as it is called in economics. It’s a bit arrogant – thinking nature exists solely to serve us. Nevertheless, names like this are not just semantics, it indicates our extractive paradigm of thinking to us. This is the paradigm that needs to change.

We are not separate to nature, we are part of nature. We are carbon based mammals. However, we are one of the only species that seems to have forgotten in how to work in harmony with nature. We have become growth focused, because in our economics abstractions that we are taught in our MBA’s perpetual growth is possible, however, this assumption ignores the natural balances necessary for the living system to stay in tact, whilst we continue to evolve. instead, we are obliterating it.

The term used by ESG specialists, sustainability experts and economists "Ecosystem Services" indicates to us that we are still functioning from an extractive paradigm. As if nature existed just serve humankind

Developing regenerative capabilities as business leaders, policymakers, investors and innovators is essential for ensuring the continued balance of nature, so as a species we can continue to grow and create value, of which one measure is financial wealth. Other measure include influence capital, our ability to change and shape a system and spiritual capital – the degree to which we are evolving towards the realisation of our potential both at the individual and the collective. To learn more about developing these living systems capabilities – visit our “Rewilding the Masculine” program for more information

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