Many companies don’t yet know how climate change will change their business, but more are taking the inquiry seriously, signaling a new reality–one that calls for guarding against systemic risk while protecting customer relationships and corporate reputations. Recognizing that reducing carbon emissions is essential to combat climate change, AT&T has made a commitment to become carbonneutral by 2035.
“We just know it’s the right thing to do for our customers and–I say this from years of doing risk management–it’s good, basic risk management,” says Shannon Carroll, director of global environmental sustainability at AT&T. “If all indications are that something is going to happen in the future, it’s our responsibility to be prepared for that.” Globally, leaders from government, business, and academia see the urgency.
The World Economic Forum Global Risks Report 2021 names extreme weather due to climate change and human-driven environmental damage among the most pressing risks of the next decade. When citing risks with the highest impact, those surveyed listed climate action failure and other environmental risks second only to infectious diseases…
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