In this critical year for climate action, more than 800 companies have committed to set science-based targets to reduce their greenhouse gas emissions in line with the Paris Agreement. This is a hopeful sign, but not enough. Financial institutions are the vital link to enable the system-wide change we need.
The Business Roundtable's new "Statement on the Purpose of a Corporation" received a lot of positive press. That's surprising, because its take on corporate sustainability is insufficient and outdated.
Clothing and footwear companies now have guidance through the Science Based Targets initiative on how to set Paris-consistent climate goals. To really cut emissions, they'll need to work together and focus on value chains.
From record-breaking temperatures to rampant wildfires, the signs of climate change are everywhere. Companies can respond by measuring their emissions, setting science-based targets to reduce them and pricing carbon.
To fulfill science-based targets, businesses are taking innovative approaches to their internal operations, and looking at how they can use their market power to source their products more sustainably.
Climate change risks to corporations, their investors and the planet are increasing markedly. Those who heed the call to act by pricing carbon, setting a science-based emissions target and more will materially increase their odds of prospering.
For the first time, Harvard Business Review incorporated environmental and social governance factors into its Best Performing CEOs ranking. A CEO ranked number one in 2014 fell to number 76 because of it.
With the Paris Agreement clearing the final hurdle to enter into force, the world is now unmistakably on a low-carbon path. WRI Business Center Director Kevin Moss highlights three ways business can take action.
Most companies set sustainability targets based on what is considered feasible or competitive rather than what is necessary to preserve Earth's resources for future generations. With help from WRI, Mars is doing things differently.