The corporate world is aware of the costs of climate climate and they are aware of what needs to be done:
- slash carbon in energy-intensive industries, in operations, in transportation, and in buildings
- buy lots of renewable energy
- reduce waste, particularly in critical sectors such as food and agriculture
- expand the use of circular business models that minimize resource use
- embed climate change metrics in corporate systems and key performance indicators
- empower suppliers, customers and employees to drive change
- rethink their investments and business models
Even as Trump announced in May 2017 that he would withdraw the US from the Paris Agreement, dozens of states and Puerto Rico formed the US Climate Alliance vowing to uphold the US end of the Agreement. In April 2018, the business community, through its coalition, We Are Still In launched its We Are Taking Action campaign to encourage local, state and private sector leaders to take action to address climate change.
In February, 2021, as the United States returned to the Paris Climate Agreement under Biden, elected officials joined the business and nonprofit community to launch “America Is All In.” This coalition aims to collaborate with the federal government on the fight against climate change. Led by Mike Bloomberg, the UN Secretary-General’s Special Envoy for Climate Ambition and Solutions, Washington Governor Jay Inslee, Charlotte Mayor Vi Lyles, Common Spirit Health CEO Lloyd Dean and climate champions across the country, the coalition is working to cut U.S. emissions in half by 2030* and reach net zero emissions by 2050, while guarding against the impacts of climate disruption.
GM announced, in February 2021, that it would only produce electric vehicles after 2035, putting serious wind into the Biden administration’s sails.
6 THINGS YOU CAN DO TODAY
TO MAKE A DIFFERENCE
1. PUT A PRICE ON CARBON
More than 1,200 global companies are adopting carbon pricing. Microsoft instituted their fee on carbon in 2012 and has since reduced emissions by more than 9.6 million metric tons.
More here: WASHINGTON POST
2. SHIFT TO ELECTRIC VEHICLES
The transport sector accounts for 23% of gas emissions, and businesses own over half of all vehicles on the road. Lead the transition to electric.
More here: WE MEAN BUSINESS COALITION
3. CREATE SOLAR POWER PERKS
The Solar Community Initiative program works with corporations to provide discounts to employees on home solar. Expand your company benefits and perks to encourage climate conscious incentives.
More here: NEW YORK TIMES
4. DIVERT SUPPORT FROM FOSSIL FUEL COMPANIES
The San Francisco-based Bank of the West is withdrawing support for companies and business activities that are “detrimental to our environment and our health.” Instead, invest time and energy where it will have positive impacts.
More here: DENVER POST
6. PREPARE, IT'S CHEAPER THAN RECOVERING
Studies show that for every US $1 spent to mitigate risks, US $4 is saved on recovery costs. Time to assess climate risks and plan.
More here: BUSINESS FOR SOCIAL RESPONSIBILITY