As leaders of the industrialized world continue to squabble at home over how to address the threat of climate change – and even as they battle internal factions who don’t believe the science of climate change – one group of leaders has come out in favor of swift, comprehensive action to prevent global catastrophe. Those leaders come from some of the largest businesses on the planet.
Just one year ago, Hurricane Sandy hit the Northeast with a force not seen in the region in decades. In the aftermath, shipping and distribution of goods in and out of the Northeast was severely disrupted. The costs of these disruptions, as well as the physical damage from the storm, are projected to cost the U.S. economy $20 billion.
Sandy served as a wake up call to business leaders, as it highlighted how grossly unprepared they are in the face of climate change related disasters. In the Midwest, floods and wildfires in recent years have also impacted the business supply chain, costing untold millions worth of economic activity.
But many within the business community understood what was happening, and what it means for the future of business. They know that, at the end of the day, climate change is bad for business.