Bain Outlines Action Plan for CEOs to Tackle Climate Change
Following the 26th Conference of the Parties (U.N. Conf. on Climate Change) executives can expect increased regulation (national and international), greater demand for climate-related financial disclosures, and higher scrutiny from investors and customers.
Businesses are setting ambitious climate targets but few are making real progress.
Four strategies can make a difference:
Making carbon transition part of an integrated strategy.
Monetizing investment in carbon reduction activities.
Making climate change and carbon reduction a key part of the business fabric..
Engaging middle management in climate change goals and strategy.
If only the top and bottom layers of a company are engaged in carbon transition, goals will not be achieved.
All corporate levels need to be educated and engaged.
Four principles help companies move toward their carbon transition goals. Source: Bain & Company
Having ambitious climate change programs and carbon reduction strategies will not have meaningful impact without the engagement of all personnel through education and business strategy integration. Kure, with its Process Optimization Path™ (Patent Pending), is poised to assist businesses to improve on the delivery of carbon reduction strategies and to meet the increased level of climate change regulation and scrutiny we can expect going forward.
