Giving Compass’ Take:
• From setting audacious goals to collaborating for scale, TriplePundit lists ways for leaders across the business spectrum to take the lead on environmental action.
• What might the nonprofit world take away from this advice? In what ways can foundations partner with the private sector on some of the more ambitious plans to fight climate change?
Business leaders can no longer afford to look the other way on climate change. The recent National Climate Assessment revealed that regional economies and industries dependent on natural resources are increasingly vulnerable to the impacts of climate change — as are energy systems. Warmer climates will increasingly disrupt international trade, prices, and supply chains, and costs could reach hundreds of billion dollars per year by the end of the century. Climate change doesn’t just threaten ecological balance, it threatens corporate balance sheets.
In light of these findings I’m encouraged by a recent survey of corporate leaders, 82 percent of whom said companies need to advocate for or take a stand on environmental, social and governance issues and that “climate and environment” was one of the three highest priorities for their organizations.
Knowing that a company should take action, however, is a long way from actually taking action on climate. While there are a growing number of cases where leading companies and major investors are ahead of the federal government on climate action, it’s simply not enough, and many more U.S. businesses need to step up.
The role that CEOs and companies play in global governance is changing. Leaders and laggards, winners and losers, will all be defined by how they respond to climate change. The leaders will surface based on their ability to take these four critical steps.
- Set audacious goals
- Collaborate for scale
- Engage proactively on environmental policy
- Accelerate environmental innovation
Read the full article about four critical steps to climate leadership by Tom Murray at TriplePundit.
If you are looking for more articles and resources for Climate, take a look at these Giving Compass selections related to impact giving and Climate.
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