WEBVTT X-TIMESTAMP-MAP=LOCAL:00:00:00.000,MPEGTS:0 1 00:01.459 --> 00:03.670 Tackling the challenge of climate change 2 00:03.670 --> 00:05.130 requires all of us. 3 00:05.422 --> 00:08.133 But business leaders have a unique responsibility 4 00:08.133 --> 00:11.469 to help the world transition to a lower carbon future. 5 00:11.845 --> 00:13.304 Are they up to the challenge? 6 00:13.638 --> 00:15.765 Are their organizations doing enough? 7 00:16.057 --> 00:17.100 Quickly enough? 8 00:19.227 --> 00:22.480 What can we learn from the ones making a measurable impact? 9 00:23.648 --> 00:27.277 Deloitte questioned more than 2,000 CXOs to find out. 10 00:27.277 --> 00:29.612 We learned that most have been personally 11 00:29.612 --> 00:31.698 affected by extreme weather events … 12 00:31.990 --> 00:35.160 … and that our warming climate weighs heavily on their minds. 13 00:35.243 --> 00:37.537 Almost all said their companies have been 14 00:37.537 --> 00:39.414 impacted by climate change ... 15 00:39.622 --> 00:41.499 … and there is pressure from their stakeholders 16 00:41.499 --> 00:44.169 to think long term and protect the planet. 17 00:45.670 --> 00:48.381 Most are taking action to combat climate change. 18 00:48.715 --> 00:51.384 But there’s a disconnect between their ambitions 19 00:51.384 --> 00:53.803 and the actions they’re willing to take. 20 00:54.095 --> 00:57.057 The cost and magnitude of the challenge have deterred 21 00:57.057 --> 00:59.309 many leaders from embedding sustainability 22 00:59.309 --> 01:01.895 into their core strategies and cultures. 23 01:02.479 --> 01:06.983 And many can’t see the financial benefits of transforming their businesses. 24 01:12.197 --> 01:14.741 But some companies set themselves apart. 25 01:15.909 --> 01:20.371 About 20% of surveyed leaders said their companies have implemented 26 01:20.371 --> 01:24.292 4 of 5 “needle-moving” actions defined by the study. 27 01:24.626 --> 01:28.880 They are: Developing new, climate-friendly products or services; 28 01:29.214 --> 01:32.467 Requiring suppliers and business partners to meet 29 01:32.467 --> 01:34.594 specific sustainability criteria; 30 01:34.844 --> 01:37.222 Updating or relocating facilities 31 01:37.222 --> 01:39.974 to make them more resistant to climate impacts; 32 01:40.517 --> 01:43.603 Incorporating climate considerations into lobbying 33 01:43.603 --> 01:45.355 and political donations; 34 01:45.688 --> 01:50.110 and tying senior leader compensation to sustainability performance. 35 01:50.860 --> 01:52.070 Statistically, 36 01:52.070 --> 01:55.698 this group of leaders expressed greater concern about the planet. 37 01:57.075 --> 01:59.577 Their companies are more likely to have aggressive 38 01:59.577 --> 02:02.038 net-zero carbon emission targets … 39 02:02.205 --> 02:06.251 less likely to see expense and near-term priorities as obstacles … 40 02:06.501 --> 02:10.505 and more likely to understand the benefits of their efforts. 41 02:11.005 --> 02:13.424 Setting examples for all business leaders 42 02:13.424 --> 02:15.552 who embrace their responsibility... 43 02:15.552 --> 02:19.347 To help protect the world for future generations.