From Ideas to Action

Abstract Climate change represents an urgent and potentially irreversible threat to human societies, economies, and the planet. Yet despite clear signals, we are slow to act in a meaningful way, despite the fact that we have the legal, political, and technological tools to transition our economies to net zero carbon. While some businesses are reluctant to take significant steps to reduce their carbon footprint, many companies are well-intentioned but feel somewhat paralysed in the face of overwhelming data that portend a financially and environmentally devastating future. Yet we can still reverse the trajectory of climate change, but it requires bold and informed action to reduce our carbon footprint in a manner that embeds fairness in the transition. This book offers a guide for companies, pension funds, asset managers, and other institutional investors to commence the legal, governance, and financial strategies needed for effective climate mitigation and adaptation, and to help distribute the economic benefits of these actions to their stakeholders. It takes the reader from ideas to action, from first steps to a more meaningful contribution to the move towards a ‘climate positive’ circular economy. It can also serve as a helpful guide to everyone implicated in a corporation’s activities—employees, pensioners, consumers, banks and other lenders, policy-makers, and community members. It offers insights into what we should be expecting, and asking, of these individuals who have taken responsibility for effectively managing our savings, our retirement funds, our investments, and our tax dollars.