If you look around corporate sustainability seems bolder and more promising than ever with new commitments of companies for net-zero emission targets, efforts to create global standardization for sustainability reporting, circular economy innovations, greater attention to social justice issues, and so on. Furthermore, there is increasing recognition at the C-suite level that the climate crisis is a critical issue for business, as reflected in Larry Fink’s latest letter to CEOs, where he noted: “There is no company whose business model won’t be profoundly affected by the transition to a net zero economy.”
We see a flood of corporate climate change plans and commitments, but are companies go far enough, or is it just a mirage of corporate responsibility? Right now it is impossible to tell, but a new framework, which evaluates climate change plans with just five multiple-choice questions, is here to help.
Almost every day now we have an announcement of a company presenting a new climate change plan and/or commitments. This is supposed to be good news, right? After all, it shows that companies pay attention and respond to the climate crisis. At the same time, we need to remember…
This week’s elections are nerve-wracking for everyone, but it seems to be especially difficult, not to say devastating to those of us who had high hopes for a new course of action on climate change. The anticipation was that President Biden, with the help of a Democratic-led Congress (and a push from its progressive wing of the party), will help overcome four years of destruction and move forward quickly and swiftly to advance a bold climate agenda.
Now that the Republican party seems to keep its hold of the Senate (pending two runoff Senate elections in Georgia in January), this…
Senate Democrats unveiled last month their plan to tackle climate change. The 255-page report paid close attention to the connections between politics and business. One of the key points in the report could be found on its last page: “The Environmental Defense Fund (EDF) has pointed out that corporate America’s most powerful tool in the fight against climate change is its political clout. Internal corporate sustainability measures alone will never avert the crisis.”
This sentiment was also echoed in a 2019 report of the watchdog group InfluenceMap, which assessed the impact of influential companies on climate policies worldwide. It…
Over the last couple of years, the circular economy became a key solution in the fight to fix the dysfunctional ‘take-make-waste’ linear model dominating our economy for a long time. Still, looking at the current challenges we deal with — COVID-19, racial injustice, massive unemployment, and of course climate change, one could not wonder if the circular economy is still the way forward, i.e. should it still be a leading sustainability strategy for companies?
According to the 2020 State of the Green Business report, “the idea of a circular economy is growing up fast,” moving quickly “into the boardrooms…
In 1970 Milton Friedman made the case that the “only one social responsibility of business — to use its resources and engage in activities designed to increase its profits”. This view may seem to no longer represent the dominant mindset in the business world, which got more involved in social and environmental responsibility. However, the response of companies in the U.S. to the protests following the death of George Floyd suggests that these efforts are far from enough. …
It’s amazing to think how quickly everything can change. On February 10th, the first day of “Flight Zero”, the number of commercial flights worldwide was 100,456 according to Flightradar24. On May 11, 2020 the number of flights went down by almost 70 percent to 32,009. These numbers could bounce back quickly, but the scope and pace of change in the number of flights due to COVID-19 proved how the unthinkable can quickly become reality.
In 2019 the story of flying was very different. Greta Thunberg’s travel to the U.S. on a sailboat as part of her no-flying commitment, together…
By Peter Friedrich Stephan and Raz Godelnik
Spaceship Earth as Bucky Fuller calls our planet has been traveling in recent months into the “unknown unknowns” territory, making fun of any assumptions, plans, strategies and intentions we had prior to the coronavirus pandemic. Having so many people around the world shaken by a virus they probably never heard about until a month or two ago is a good reminder that we still don’t have the instruction manual for this spaceship. It is also a reminder that we need to be humble about the assumptions we have on how the world…
For the most part the conversation about the coronavirus (aka COVID-19) in the context of the climate crisis has been focusing on its impacts on global emissions. The New York Times, for example, reported that the decline in economic activity in China due to measures taken to stop the outbreak resulted in a reduction of about 25% in China’s carbon dioxide emissions over the past three weeks compared to the same period last year. This decline, according to Carbon Brief, is mainly associated with reduction in fossil fuel use. …
2020 is going to be an important year for the fight on climate change. Not that 2019 wasn’t important, but 2020 is not only a new year, but also the beginning of a new decade, so maybe it can also provide an opportunity to open a new page in our efforts to win this fight.
I feel 2019 was a critical moment, where we finally saw more mainstream resistance against the inaction on climate change, but even when we’re ending the year with Greta Thunberg celebrated worldwide, including on the cover of Time Magazine as the person of the…
Assistant Prof. at Parsons School of Design. Working on new book: Rethinking Corporate Sustainability in the Era of Climate Crisis — A Strategic Design Approach