Less Than 1/4 Of Fortune 500 Have Made Climate Commitments; Meanwhile, Talk Remains Cheap
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That research found that 23% of companies have made a public commitment that by 2030 they will be carbon neutral, using 100% renewable power, or meeting a science-based internal emission reduction target. This represents a nearly four-fold increase since the Paris Agreement was signed in 2015.
Those numbers might sound small, but they are encouraging enough to give me a little optimism when it comes to progress on climate change. Because this change has taken place among the biggest companies with the widest circle of influence. Influence over suppliers, customers, the wider business world, and governments. The 23% that are taking action now have a combined revenue of $8 trillion and employ 18 million people around the world. And these companies, their CEOs, their CFOs, their management teams, are likely to be the ones on stage at business schools, commencement addresses, and industry conferences, talking about why climate action is no longer a “nice to have.”
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Helen Clarkson is CEO of the Climate Group, which runs the RE100 program of corporate signatories to 100% renewable power. As she puts it, “Climate is an existential threat for business, and I think this will kick in in the next 10 years—it’s not about ‘doing the right thing,’ it’s about staying in business.”
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https://www.fastcompany.com/90459443/what-will-it-take-for-the-75-of-companies-that-dont-have-climate-commitments-to-step-up
