Chief sustainability officers' new pitch to CEOs: climate action isn't about morals—it's about money

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• In today’s CEO Daily: Leaders are reframing corporate sustainability initiatives amid backlash.
• The big leadership story: U.S. labor force participation is at its lowest in 50 years.
• The markets: Up in the U.S. and Europe as traders assess renewed U.S.-Iran tensions.
• Plus: All the news and watercooler chat from Fortune .

Good morning. From searing heat waves to regulatory rollbacks, sustainability is a tough topic for global leaders. When asked, every CEO I talk to says that climate change is real. They acknowledge the need to address the societal and climate impacts of AI, draw on diverse pools of talent, build resilient supply chains, pay attractive wages and seek a higher purpose than just generating profits. Many don’t want to talk about it, and may be quietly relieved that the SEC has proposed rescinding 2024 climate-related disclosure rules as “overly burdensome” for companies.