Responding to findings that the ongoing global deadly heatwaves are because of human-caused climate change, Sheri Hickok, CEO of Climate Impact Partners comments on the need to overcome barriers to corporate climate action, and harness the full power of the private sector to deliver results now.
“What are the biggest roadblocks to climate action? In the wake of global deadly heatwaves, this a question we need to ask now. Fortune Global 500 research from Climate Impact Partners in 2022 revealed that 58% of the world's largest companies have not delivered a significant climate milestone or are publicly committed to do so by 2030.
How are challenges like constrained budgets, fears of getting it wrong, or uncertainty about the right pathway to progress, holding leaders back from advancing climate action initiatives? We need to talk openly about these challenges so we can, together, address the best ways to overcome these barriers and harness the full power of the private sector to deliver results now.
By doing so, we can help organizations focus on climate solutions – available today - that are both reducing emissions while positively impacting those often most affected by, yet least responsible for, climate change.”
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