By Punit Renjen<\/a><\/p>\n\n\n\n February 7, 2022<\/p>\n\n\n\n The nearly 200 nations attending November\u2019s UN global climate summit<\/a> addressed carbon-trading rules, made new pledges on methane gas pollution, deforestation and coal financing, and agreed to accelerate the collective fight against climate change. Much was accomplished \u2014 yet many left Glasgow asking if the progress made was sufficient.<\/p>\n\n\n\n We are far enough along on the climate journey to know that real change will only come with bold, collective action. And only if we act with urgency. So, now that COP26 is in our rear-view mirror, where does business go from here?<\/p>\n\n\n\n Between September and October, Deloitte polled more than 2,000 C-suite executives across 21 countries to examine business leaders\u2019 concerns and strategies when it comes to addressing climate change and advancing environmental sustainability. We wanted to know how leaders were transforming their businesses to meet the expectations demanded of them.<\/p>\n\n\n\n We learned that C-level business leaders\u2019 apprehensions about the planet\u2019s climate have increased since a similar Deloitte Global survey taken eight months earlier \u2014 but so has their optimism. Nearly 90 percent of respondents agreed that with immediate action, we still can limit the worst impacts of climate change. That figure was just 63 percent in the previous survey.<\/p>\n\n\n\n Yet Deloitte\u2019s \u201c<\/em>2022 CxO Sustainability Report: The Disconnect Between Ambition and Impact<\/a>\u201calso reveals that, despite a flurry of climate-related activity, CxOs (C-suite executives) are struggling to embed climate considerations into their culture and strategy, and obtain the broad senior leader buy-in to effect meaningful transformation.<\/p>\n\n\n\n Climate change weighs heavily on the minds of the world\u2019s executives because they have seen the havoc it can wreak. Ninety-seven percent of those surveyed said their companies have already felt negative impacts from a changing climate, and 63 percent say their organizations are either concerned or very concerned about the harm it could continue to inflict. Eight in 10 even said they\u2019ve been personally affected by climate change events over the past year.<\/p>\n\n\n\n They\u2019re also feeling pressure from stakeholders, especially regulators and governments. And more than seven in 10 said pressure (to a moderate or large extent) from investors and shareholders was compelling them to focus on climate issues. On the other hand, a quarter of CxOs said demands from that same group to focus on near-term business issues was an obstacle to advancing sustainability efforts.<\/p>\n\n\n\n Most leaders understand the future of their organizations \u2014 indeed, of humanity itself \u2014 depends on business taking drastic measures to cut carbon emissions and ingrain more sustainable practices. They are approaching the challenge with the gravity and urgency it deserves. Two-thirds of CxOs said their organizations are using more sustainable materials and increasing the efficiency of energy use. More than half have adopted energy-efficient or climate-friendly machinery, technologies and equipment. And a majority are intentionally reducing air travel.<\/p>\n\n\n\n The commitment to decelerate climate change is palpable, and businesses\u2019 actions are gaining momentum. CxOs are so positive about their organizations\u2019 activities that 63 percent see their companies as either leading the effort across all industries or, at least, among their peers.<\/p>\n\n\n\n If that number gives you pause, you\u2019re not alone. The idea that almost two-thirds of companies can be pacesetters in any aspect of business is difficult to grasp. It\u2019s especially questionable with a battle as complex and relatively nascent as the one against climate change.<\/p>\n\n\n\n A deep dive into the survey results offers a different view. It reveals a particular group of CxOs are more concerned about climate change; more realistic that the climate will affect their business strategies in coming years; more optimistic their organizations will achieve net-zero emissions by 2030; less likely to see cost as an obstacle for sustainability efforts; and more likely to understand the benefits of sustainability to their bottom lines, stakeholder satisfaction and broader performance.There clearly is a gap between many business leaders\u2019 opinions and motivations, the actions their organizations are taking and the impact they\u2019re having.<\/p>\n\n\n\n What does this group of companies, consisting of 19 percent of respondents, have in common? These organizations have implemented at least four of five \u201cneedle-moving\u201d sustainability actions at far higher levels than other companies. They are much more likely to be:<\/p>\n\n\n\n More than a third of those surveyed have yet to implement more than one of these actions, and 14 percent have attempted none.<\/p>\n\n\n\n There clearly is a gap between many business leaders\u2019 opinions and motivations, the actions their organizations are taking and the impact they\u2019re having. So why do so many business leaders see their organizations as climate leaders when the data suggests otherwise? And why aren\u2019t more pursuing the \u201cneedle-moving\u201d actions that can create substantive change?<\/p>\n\n\n\n Part of the reason may be the barriers to progress they perceive. In addition to pressure to focus on short-term business performance, many CxOs in the survey pointed to difficulty in measuring environmental impact, an insufficient supply of sustainable or low-emission inputs, cost and the sheer magnitude of the effort required.<\/p>\n\n\n\n Some may be avoiding bolder climate action because they struggle with the short-term costs of transitioning to a low-carbon future. When asked which of 13 potential benefits they expect from their companies\u2019 current environmental sustainability efforts, the five that ranked lowest were revenue from both longstanding and new businesses, asset values, cost of investment and operating margins.<\/p>\n\n\n\n Finally, despite their personal concerns about our changing climate, some CxOs may be complacent because company leadership hasn\u2019t made climate a priority. A quarter of those surveyed said they\u2019ve received little or no pressure from their board members or management to change the status quo.<\/p>\n\n\n\n While concern for the environment and optimism for change both remain strong, organizations will increasingly need to consider taking more decisive action to limit the worst impacts of climate change.<\/p>\n\n\n\n I agree with those in this survey who believe that, with immediate action, we still can limit the worst. But we can\u2019t confuse action with impact or commitment with progress.<\/p>\n\n\n\n The battle against climate change isn\u2019t a choice, it\u2019s billions of choices. No action is insignificant. However, certain activities and decisions have greater influence than others, and those bolder actions from business leaders are needed now \u2014 while we can still make a positive impact. It\u2019s time to prove we\u2019re up to the challenge.<\/p>\n\n\n\n This story first appeared on: World Economic Forum<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" February 12, 20221h7tj Source >>> By Punit Renjen February 7, 2022 The nearly 200 nations attending … ![\"\"](\"https:\/\/dipantarajogja.org\/wp-content\/uploads\/2022\/02\/image-16-1024x492.png\")
<\/figure>\n\n\n\nAlarm is driving action<\/h3>\n\n\n\n
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Defining real leadership<\/h3>\n\n\n\n
The disconnect between ambition and impact<\/h3>\n\n\n\n
No choice is insignificant<\/h3>\n\n\n\n