Business that adapt to climate change are more likely to be successful in the coming years, and business that basically cut their carbon footprint to zero will thrive. This is the thinking behind a growing field that helps companies reduce their consumption and waste while increasing their profits. With the likelihood of global warming reaching two degrees above normal companies will have to change their practices regardless of their industry. It’s good to see that some business are planning beyond the next quarter.
“Sustainable strategy is just that — it’s a strategy. It’s not a function, it’s not an industry, it’s not just recycling. That’s a very, very small piece of a much bigger movement for business,” Loinaz says. “We’re a launching pad for future industry leaders to solve the world’s problems, particularly the most pressing social and environmental ones.”
The health of a company’s labor force is inextricably linked to its environmental practices. Oftentimes the people who extract the resources companies use are underrepresented, marginalized, or disenfranchised. Nearly all smartphones, for instance, are made from mining rare metals and rare earth elements. As investigations show, it’s incredibly dangerous work that often requires miners — many of them children — to hand-dig tunnels hundreds of feet underground, with few safety precautions in place. Local communities are often exposed to poisonous levels of toxic metals and waste as a result.