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Global businesses must address climate change before it’s too late

Global businesses must address climate change before it's too late

Climate change poses one of the greatest threats humanity has ever faced. In the past few weeks alone, wildfires have emerged across the globe, brutal heatwaves have devastated American cities, and flooding has claimed the lives of hundreds in Europe and Asia combined. As the effects of climate change wear on, these extreme events will likely only get worse.

Making meaningful, measurable progress is a monumental task. For the sake of the planet and future generations, it is vital that global businesses, and the professionals who run them, step up in the fight against climate change and take urgent action.
Here's how:

Reduce their own emissions

At the recent G7 Summit, world leaders doubled down on their climate pledges, focusing on the opportunity for a just energy transition that will likely create clean energy jobs around the world. Among other things, they committed to reach net-zero carbon emissions by 2050, halve their collective emissions by 2030, and protect at least 30% of land and oceans by 2030.

The business community must match the ambition of world governments by cutting emissions across their own operations.

Hundreds of companies have now taken the first step in doing so: committing to 100% renewable energy. The tech sector in particular has been leading this shift, with a number of companies already reaching their 100% goal, and many more setting science-based plans to get there.

Disclose risks and adopt new reporting standards

Companies must analyze the financial risks that climate change poses to them — and publicly disclose that information.
Global capital markets need high-quality, consistent and comparable data to understand drivers of risk and return, allocate capital efficiently and finance the transition to a more resilient, low-carbon economy.

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