Firms everywhere urgently need to step up their action against climate change. Its physical impact is already causing many of them serious damage
message of this special report is that companies everywhere urgently need to step up their action against climate change. Its physical impact is already causing many of them serious damage. Pushed by voters, especially younger ones, governments around the world are introducing ever tougher regulations. Lawsuits could yet make firms’ lives harder still.
Along with some other firms, Microsoft plans to launch an emissions reporting standard for suppliers later this year, backed up by sustainability audits. “Science tells us where we need to be, but the data tell us where we are now,” says Brad Smith, Microsoft’s president. In January the Rocky Mountain Institute and other research groups started to standardise greenhouse-gas metrics for mining and industrial supply chains.
In any case, consumer action on its own can do only so much. One study, led by Daniel Moran of the Norwegian University of Science and Technology, examined the effect on Europe’s carbon footprint of 90 behavioural changes, such as buying low-carbon products and eating less meat. Researchers found that the maximum reduction was 24%. That is an important chunk, but not enough to defeat global warming.
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