LEADING A NEW ERA OF CLIMATE ACTION
by Andrew Winston
Climate change is a global emergency. It’s threatening crops, water supplies, infrastructure, and livelihoods. It’s damaging the broader economy and company bottom lines today, not in some distant future. In recent years, AT&T has spent $874 million on repairs after natural disasters that the company ties to climate change. The reinsurance leader Swiss Re has seen large increases in payouts for damage caused by extreme weather events—$2.5 billion more in 2017 than it had predicted—a trend that CEO Christian Mumenthaler attributes to rising global temperatures.1 If we don’t move quickly toward action on climate, says Mark Carney, the Bank of England governor, we’ll see company bankruptcies ...