Is climate change the biggest long-term management problem facing business?

Two recent communications from respected global organizations have underscored the long-term impacts of climate change – and the potential vast effects on business. Communiques from the World Bank and the United Nations both highlighted the complex, long-lasting and extraordinarily costly nature of the problem. Noting that  ”weather-related losses and damage” have quadrupled from $50 billion a year in the 1980s to around $200 billion a year in the last decade, the World Bank commented:  “In corporate boardrooms and the offices of CEOs, climate change is a real and present danger.  It threatens to disrupt the water supplies and supply chains of companies as diverse as Coca-Cola and ExxonMobil.  Rising sea levels and more intense storms put their infrastructure at risk, and the costs will only get worse.”

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On Sept 19, 2023 ahead of the Climate Ambition Summit in New York City, climate activists gathered for a rally and civil disobedience outside Bank of America Tower in Midtown Manhattan as part of the March to End Fossil Fuels wave of actions resulting in multiple arrests. Activists demand Bank of America to “Defund Climate Chaos and Defend Human Rights” Photo: Erik McGregor (CC BY-NC 2.0 Deed)

Let’s Save Each Other

Let’s Save Each Other

Illustration by Stephanie McMillan. Used with permission