Climate change is already having negative impacts on our society, including on big business. Most businesses are focusing on how to reduce the impacts and losses driven by climate change, but some businesses are thinking about how they could profit off climate change.
The history of environmentalism tells us naming and shaming alone is not the pathway toward constructive debates, let along meaningful outcomes. The pressure is on us to make a change, and we can’t afford to leave anyone behind.
Climate change is inevitable — whether it be through the intensification of El Nino or the increasing occurrence of weather disasters. Its impacts are widespread, sporadic and uncertain with implications on international, regional and national economies. For businesses, particularly those that source, use or rely on natural resources and environmental conditions, the complexity of quantifying the magnitude of these impacts and the ways in which it manifests is a growing concern.