Shall we blame it on the rain?
Or maybe point at melting icecaps, rising ocean levels, tornadoes, tsunamis, and blistering drought?
Whatever the catalyst, many of the world’s biggest businesses are wide awake and moving on the climate change challenge.
They get that the world needs to slow down greenhouse gas emissions–pronto–or there won’t be nearly as nice a world for anyone who wants to run a business.
Not to mention live happily or raise kids.
That’s what I heard over and over yesterday from business leaders around the globe on Carbon Disclosure Project’s (CDP) web conference.
CDP is a worldwide non-profit independent coalition of businesses committed to reporting and reducing greenhouse gas emissions and sustainable water use.
The call was timed to coincide with CDP’s latest climate change report on its S&P 500 members: “Accelerating Change to a Lower Carbon Future”.
Everyone on this web conference is fully on board that Sustainability progress is explicitly linked to business success. So no surprises there. But what did surprise me was the candor with which they spoke about everything else.
There was frank talk about U.S. consumption patterns and foot-dragging on energy initiatives, the need for developing countries to be able to grow, and sobering data about how close we are to the 2-degrees point of no return.
One question really caught my attention was this: How do we enroll leaders for change at companies who don’t stand to benefit in the short term? (The question didn’t get any answers on the call, but I’m not sure there is one other than a combination of incentive carrots and regulatory sticks from government.)
A highlights video of the 2-hour call hasn’t been made available yet, but in the meantime, he’s an excellent write-up by BusinessWeek senior editor and content chief Diane Brady. She also ably moderated the call.
Climate Change Becomes a Business Reality
The takeaway from the discussions today with a mix of business leaders and investors at the CDP Global Climate Change Forum, which I moderated from New York, is that growing private-sector efforts to reduce greenhouse gases simply can’t move the needle on its own.What’s needed is government action to curb emissions through everything from taxes, carbon caps, and credits that can be traded, as well as incentives to invest in projects and products that may not pay off for years.
Businesses understand that climate change is real, that it is irrevocably changing our planet, and that they hold significant responsibility to make it better. Fewer emissions. Less water. Decreased pollution. Restored ecosystems. Healthier workplaces and homes.
Now that it’s a becoming reality for the business world, we need to ensure that the U.S. government is on board as well. And in serious action.
That’s where we all come in as citizens.