Climate action is not only urgent for our future on the planet–it's also becoming a license to operate and a prerequisite for strategic success. As governments strive to step up their climate commitments, climate disclosure is moving from purely environmental to financial regulation–and for good reason. People care about sustainability: 71% of job applicants screen for sustainability when choosing employers, and companies with strong environmental, social, and governance (ESG) scores yield higher-than-average market returns, profitability, and dividends.
So, despite current economic headwinds, business leaders want to move ahead with climate action. That’s very good news, because we have a lot of work ahead in order to cut global emissions in half by 2030 and reach net zero by 2050. Right now, we are on track for an 11% increase in emissions by 2030 and a 2.5°C rise in global temperatures by 2100, an outcome that would challenge all life on Earth. Our children and our grandchildren would feel the impact.
