Every business person needs to understand how global warming is changing the way we do business. This is true regardless of your political alliances or scientific understanding. Whether or not you or your clients acknowledge the veracity of climate science, almost everyone can see the value of cost savings associated with sustainability and the opportunities associated with the green economy.
On August 27, Climate Reality held a webinar called “The Business of Climate Solutions” to investigate what business leaders are doing in the workplace and how it fits into larger efforts to stop climate change. This webinar includes the views of five panelists, including three leaders in the green business movement, Jaime Nack, Bryan McGannon, and Deb Nelson, as well as Climate Reality Leaders and business owners Simone Rothman and Jason Utgaard.
In essence, green businesses adopt principles, policies, and practices that improve the quality of life for their customers, employees, communities, and the environment. They’re focused three things: people, the planet, and profit.
More and more businesses in the US and abroad are embracing sustainable practices as they begin to feel the impacts of climate change where it matters most: in their bottom lines. As Bryan McGannon, policy and engagement director at the American Sustainable Business Council (ASBC), explained, more than half (53 percent) of business leaders polled by ASBC believe climate change will adversely affect their business. Of those, 19 percent say they’ve already seen their business operations impacted from extreme weather events associated with climate change.
Bryan sees firsthand how climate change affects profitability when working with other council members. Things like extreme weather events harm day-to-day business operations with effects such as supply chain and transportation disruptions, increased healthcare costs, and increased stress on power grids. All of these factors add costs and create operational disruptions that directly affect profitability.
ASBC is helping address issues like these by advocating for a shift to clean energy and working toward policy changes in the government. Acts like supporting the EPA’s Clean Power Plan, eliminating fossil fuel tax loopholes, initiating a carbon tax campaign, and supporting incentives for clean energy are just some of ways the organization is driving change.
Deb Nelson, executive director of the Social Venture Network, sees how businesses are playing a key role in combating climate change through investment models that shift away from fossil fuels. This model, called “divest-invest,” mobilizes billions of dollars in investment capital from the top 200 fossil fuel companies and intoclimate solutions and clean energy funds.
The idea is to accelerate the transition away from carbon-intensive fossil fuels and into cleaner, sustainable forms of energy. With billions of dollars at stake, this strategy has caught investors’ attention and is now the fastest-growing divestment movement in history. After all, as the saying goes, “money talks” – and investors are listening.
Jaime Nack, president of Three Squares Inc, outlined some of the important federal policy changes that often go under the radar, but have huge impacts on sustainable businesses. A notable one was a White House executive order, released this past March, that aims for sustainability in the Federal Government over the next decade.
The order focused on areas like increased energy efficiency in federal buildings and vehicles and reduced water consumption, among others. Overall, the changes would reduce the Federal Government’s greenhouse gas emissions by 40 percent below 2008 levels and save taxpayers $18 billion in avoided energy costs.
Most people throw things like used coffee grinds and old skateboards into the dumpster. Climate Reality Leader Jason Utgaard turns them into clothes and furniture. Jason is the founder of an online store called The Spotted Door that creates products from recycled and reclaimed materials and, during the webinar, he explained how businesses like his can help prevent pollution, save energy, and create more jobs in the recycling and renewable sectors.
Taking another approach is Simone Rothman, the CEO of FutureAir. FutureAir designs indoor air products to improve energy efficiency and air quality, helping people reduce their carbon footprints while also breathing a little easier. Simone described how she takes the sustainability mindset a step further at the company by using only local industrial products rather than importing goods, using creatively sourced and recycled materials to build products, and implementing a green workplace culture.