Business leaders are looking to ensure that their organizations are doing their part to address the impact of climate change. After another year of extreme weather events — from Hurricane Ian in the United States to heat waves in the UK and floods in Pakistan, the need to transition into a more sustainable world has become clearer than ever before, and companies are now expected to reach new levels of action.
Last year, the COP26 — the United Nations Climate Change Conference — highlighted the need for collective urgent action, with more specificity and near-term targets on cutting emissions this decade, phasing out coal, and setting methane targets. The private sector also has a role to play, with many companies making important commitments on financing and emission targets.
In IBM’s Institute for Business Value (IBV) 2022 study, it was revealed that 48% of CEOs surveyed cite increasing sustainability as one of the highest priorities for their organization in the next two years — an increase of 37% from the 2021 study.
Organizations, companies, and governments are laying out specific sustainability goals — and now, people expect to see what they’re doing to fulfill those commitments with tangible, real examples. As world leaders convene at COP27 this week, conversations around sustainability will continue to shift from goals and ambition, to action and results.
But despite the push from boards, investors, and the public, most organizations still aren’t sure where to start...
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