Happy Sherpas - The Makers Of Change

Virginie Vitiello & Lenny Kessler

In a world shaken by climate change and growing uncertainty, Happy Sherpas meets the people who light the way forward. Hosted by Virginie Vitiello and Lenny Kessler, two finance and sustainability professionals who bridge worlds, this podcast explores how we can rethink the way we live, work, and invest to build a future that’s both fair and resilient. Each episode features entrepreneurs, financiers, scientists, and explorers who dare to question the system and are already living the change they want to see. They are our guides — our “happy sherpas” — showing that optimism and action can go hand in hand.

Episodes

  1. Jul 17

    The New Economics of Adaptation with Laurent Babikian

    This conversation with Laurent Babikian explores how companies can adapt their business models as Europe faces resource scarcity and a shifting geopolitical order. Drawing on his path from selling derivatives to the Carbon Disclosure Project to advising executive committees today, Laurent argues that the shift from planned obsolescence to circular business models is the main lever left for European companies without natural resources of their own. He also lays out concrete reforms needed to make this shift viable: new accounting rules to amortise materials over multiple life cycles, bank financing structured around asset lifespan rather than product cycles, and sustainability-linked pricing across every stakeholder relationship. Key takeaways: - Circular business models, selling the use of a product rather than the product itself, let companies extract far more value from the same raw materials, which matters most for regions like Europe with no natural resources of their own. - Current accounting rules amortise products to zero after one life cycle, which discourages reuse; changing this (and how banks finance these assets) is a prerequisite for the model to scale. - Sustainability-linked pricing, charging suppliers, clients, and employees differently based on their impact, is already technically possible and could align incentives across the whole value chain. - The balance of economic power has already shifted toward the Global South and BRICS nations, particularly on natural resources, which will keep reshaping trade, currency, and industrial policy. Follow Laurent Babikian on LinkedIn The Makers of Change

    The New Economics of Adaptation with Laurent Babikian

About

In a world shaken by climate change and growing uncertainty, Happy Sherpas meets the people who light the way forward. Hosted by Virginie Vitiello and Lenny Kessler, two finance and sustainability professionals who bridge worlds, this podcast explores how we can rethink the way we live, work, and invest to build a future that’s both fair and resilient. Each episode features entrepreneurs, financiers, scientists, and explorers who dare to question the system and are already living the change they want to see. They are our guides — our “happy sherpas” — showing that optimism and action can go hand in hand.