Like many people, sometimes I daydream of a beach when I need a momentary escape from daily life. My feet are buried in sand. Seagulls sing out as they ride the warm breeze blowing above me. In the sun, with the water’s edge a breath away, a beautiful beach is always an amazing mental refuge.
We are almost half way through the critical Road to Paris. The following few months that separate us from the pivotal COP21 will be instrumental in materializing the transition to a low-carbon economy. Being among the 2000 business leaders who came together at the Business & Climate Summit (BCS) in Paris I left with a clear sense of optimism about the change that is happening. The Summit clearly demonstrated that business is ready and willing to act to tackle the climate challenge. Low-carbon growth, driven by innovation, the right economic incentives and multilateral collaboaration, is the only way to secure sustainable profits and employment in the future. Business is increasingly aware of this opportunity and its support to drive the transition to a low-carbon economy is growing fast.
This week in Davos, some 2,500 of the most influential leaders are gathered to discuss global megatrends and their impact on business and society. One megatrend that isn’t up for discussion? Climate change. Not because climate change isn’t on the agenda; in fact, today at the WEF is devoted to the issue. It’s because the time for discussion is over. We only have time to act.
In a new post today on the Huffington Post’s Blog Hub, I make the case to global businesses on the need to scale up solutions to help address the most urgent climate change challenges.
Along with the WBCSD’s senior management team, I am at the World Economic Forum (WEF) annual meeting in Davos this week, to engage in several high-profile events aimed at building engagement on sustainable development-- especially in the area of climate change-- among the world’s top business leaders. Read more on the WBCSD’s activities at the WEF this week in Davos.
Our goal at the World Business Council for Sustainable Development (WBCSD) is to work with member companies and partners to do much more walking than talking. Terms like inclusive business, a concept we coined and have been advancing since 2005, are useful but only if we drill down and actually flesh out how companies can implement it and bring it to scale.
It’s a great day in my
line of work when businesses such as Syngenta launch initiatives like their new
Good Growth Plan. Here’s
the world’s largest agricultural chemicals company --
and member of the World Business Council for Sustainable Development (WBCSD) --
stepping up with six commitments that reach far beyond the company’s scope of work,
to significantly move the needle on global food security.
In a previous post, I highlighted the need for a radical transformation
of capitalism in view of better balancing the financial, natural and social
dimensions of capitalism as the only way to future-proof our economies.
Measuring and reporting on corporate performance are
essential components of this transformation. In this spirit, a few weeks ago we launched “Measuring
socio-economic impact: A guide for business ” which
provides an entry point into an area that we hope will get the attention that
it deserves in the future: the measurement and management of socio-economic
The United Nations has played a pivotal
role in addressing sustainable development ever since it defined the term in
the Brundtland Report back in 1987. We should give them credit: the UN has been
good at engaging all sectors of society, including business, on sustainability.
That more companies continue to sign up for the UN Global Compact standards for
responsible behavior speaks to the UN’s ability to reach the private sector.
We’re going to help the UN take that
engagement one step further.
I recently had the amazing honor of giving the
keynote address at the Prince's Accounting for Sustainability Forum at St. James’s Palace
where I spoke about the role of the finance and accounting
community in future-proofing our economy. Below is an abridged version of my
speech. Click here for the full document.