climate change

Why Climate Risk is Financial Risk

Followers of this blog will know how many Insights are shared from Wharton and the brain trust over at UPenn. From their Nano-tools for leaders to their easily digestible podcast episodes, Wharton shares a vast amount of relevant and interesting information to businesses and those in leadership. One of their more interesting topics is their ESG initiative, which stands for Environmental and Social Governance. This topic has perhaps never been talked about in the mainstream as much as it is now, and with good reason. From the climate crisis to social justice, this initiative is at the forefront of these issues and is a valuable tool for leaders.

Their most recent podcast episode highlights Witold Henisz, vice dean and faculty director of the ESG initiative. As the world population and businesses are learning to adapt to our changing climate, we have a lot of adjustments to make. Every consideration, from where assets are physically placed and where investments are directed needs to adapt as well. Leaders and investors must start to listen to the science and understand what will be viable in 20 to 30 years and what will not. In this new podcast episode, Mr. Henisz goes into how businesses can address climate change, and how these adaptations will lead to better business health in the long run. Check it out when you have a free 20 minutes, and see how your business is looking in the long run.

How Businesses Can Combat Climate Change

Despite the seemingly endless debate about climate change, at a certain point we all need to rally behind science and data. Earlier this year, the Intergovernmental Panel on Climate Change announced that we are out of time to figure out how to curb carbon emissions. The time is now to make changes, both at individual and societal levels.

Kellogg Insight has published a new article and associated video on what businesses can do to combat climate change. In particular, author Meghan Busse outlines three industries that are the main contributors to carbon emissions: electricity generation, transportation, and industrial and agricultural use. She outlines how far the leaders of these industries have come in already reducing greenhouse gas emissions, and which steps they need to take to maximize reductions.

Give this article a read and some thought. Changes are going to have to come from all of us, and hopefully this inspires leadership to take a stand.