Plans

Increasingly, stakeholders – including shareholders – want to know what a company’s long term plan on sustainability is; and more especially on climate change. It used to be that business avoided publishing ambitious goals, fearing a backlash from financial markets. Now, the opposite is true. Unilever’s Climate Transition Action Plan – which was approved by 99% of shareholders on 5 May – includes a $1 billion climate and nature fund, net zero carbon by 2039 and halving the footprint of their products by 2030. Laggards, like Barclays’ shareholders rejecting rapid divestment from fossil fuels, will only increase their transition risk and decrease their competitiveness.

— Wayne Visser

From Purpose Inspired: Reflections on Conscious Living, Volume 5. Buy on Lulu ↗