“Every company and every industry will be transformed by the transition to a net zero world. The question is, will you lead, or will you be led?”
- Employees everywhere are searching for more meaningful and flexible work. Additionally, the pandemic brought issues such as racial equity, mental health, and childcare to the forefront. Companies that listen and respond to their employees can better retain talent and avoid the financial, emotional, and organizational costs of high turnover.
- Decarbonizing the global economy presents an incredible opportunity for disruption and innovation within all sectors. Organizations, cities, and countries that lack plans for the net zero transition risk being left behind.
- Businesses can’t facilitate this transition alone. Strong guidance is needed from government, including: sustainability policy and regulation, climate-related market disclosures, support for affected communities, and investment in decarbonization technologies at scale.
“Putting your company’s purpose at the foundation of your relationships with your stakeholders is critical to long-term success. Employees need to understand and connect with your purpose; and when they do, they can be your staunchest advocates. Customers want to see and hear what you stand for as they increasingly look to do business with companies that share their values. And shareholders need to understand the guiding principle driving your vision and mission. They will be more likely to support you in difficult moments if they have a clear understanding of your strategy and what is behind it.”
Read the entire piece from Larry Fink here.