Companies across the entire economy emit about three quarters of carbon dioxide globally, says Peter Bakker, a member of the Institute Forum. So, naturally they have a crucial role to play on the decarbonization path. With their innovation potential they are also well placed to advance the transition.
Consumers' demand of sustainable products and transparency plays an important role in transitioning to a more sustainable economy. But as Peter Bakker, a member of the Institute Forum explains, companies also need to be more vocal about their sustainable business practices.
Sustainability doom-and-gloom stories are not the right tool to advance discussions and solutions on climate change. Instead we need to think of the climate transition as the greatest opportunity we currently have says Peter Bakker, member of the Institute Forum.
Humans depend on the planet to live, not the other way around, explains Prof. Katharine Hayhoe. Therefore, the Institute Forum member advocates that we all take agency and that each of us acts with little steps that will add up to have a large impact together.
Climate change requires bold action and solutions that address planetary and human suffering says Prof. Katharine Hayhoe. These are also economic problems and that is why the Institute Forum member things impact investing is central to success.
Profit per se is not a bad thing says Prof. Sir Partha Dasgupta, but the Institute Forum member also explains, that we need to be able to measure a more comprehensive set of factors to assess who benefits from the acquired profit and who pays for it, whether it is the planet or its people.
A long-term view on progress and investing is key to balance people, planet, and profit. Fiona Reynolds, the Institute Forum member says this is the responsibilities of all citizens, businesses, and investors and transparency is especially important to achieve this.聽
Serious institutional change in our economic system is vital to better account for the implications of our economic actions on nature says Prof. Sir Partha Dasgupta. But it is also about making the issue of climate change and biodiversity loss more personal and tangible for people to care.
We need to embed the human existence into the biosphere and understand the implications our economic actions have on nature says Prof. Sir Partha Dasgupta. The Institute Forum member thinks this is also important to understand the concept of inclusive wealth.聽
For further information, please visit聽www.ubs.com/institute-disclaimer
