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How Climate Inaction Will Cost Companies
Late climate adaptors risk financial growth, workforce and partnerships in the wake of change.
The climate crisis has been a divisive issue in the United States since it was first put forth as a looming threat. Regardless of which political party holds office, businesses across the US can anticipate changes to how they operate. Many will face federal and state regulations as well as social and financial pressure from investors and customers. This combined pressure has split businesses’ reactions into two categories:
The climate crisis is only increasing in importance, so how companies react is more important than ever. Employees and leaders alike are ready to leave their jobs based on their company’s climate inaction. Customers are willing to pay higher prices for sustainable goods. Financial partners and investors will terminate relationships with companies who are environmentally inadequate. Companies can ill afford inaction. So why are many choosing to do less?
NEXT Energy Technologies conducted a study of business leaders, from senior managers to the C-suite. The results show that business leaders believe they are doing their part to protect the planet, but concrete scientific evidence shows that there is still work to be done.