Path to 2060 Series: Decarbonizing Key Industry Sectors

The Batten Institute at UVA’s Darden School of Business has published a series of reports that explore technology innovation and the drivers behind the market disruption needed to decarbonize the economy. The research focuses on the sectors that hold the most promise for innovation and significant reductions in carbon dioxide emissions, including: transportation, energy, industrial, and agriculture.

Read the reports

New findings: Estimated costs of climate risks & opportunities

A new study from CDP asked the world’s biggest companies to estimate their financial risks from climate change, as well as their opportunities. Among other findings:

  • 215 biggest global companies report almost $1 trillion at risk from climate impacts

  • Companies calculated the business opportunities at $2.1 trillion, nearly all of which are highly likely or virtually certain

> Read the report

Vanguard, BlackRock, HSBC call for climate risk disclosure

  • BlackRock, the world’s largest asset manager, called for investors to factor climate change risk into investment decisions in a much publicized move in 2016.  Read more >
  • Vanguard Group announced in Aug. that that it is urging companies to disclose how climate change could affect their business and asset valuations.  Read more >
  • In Nov., HSBC announced it will provide $100 billion in financing by 2025 for clean energy and lower-carbon technologies and that it will adopt the recommendations of the Task Force on Climate-related Financial Disclosures.  Read more >

CNBC: Why Walmart is doubling down on its commitment to climate change

"Data shows that if U.S. businesses make investments now towards a diversified clean energy economy, they and consumers will save an average of $366 billion per year on fossil fuel costs by 2050. There will be many more U.S. jobs overall—particularly in sectors like utilities, construction, and manufacturing."  Rob Walton, a member of Walmart's board of directors, shared his views on the company's bold commitment to work with its supply chain partners to reduce supply chain emissions by 1 gigaton by 2030 (Walmart's "Project Gigaton") in an article on CNBC in Dec. 2016. 

> Read the article

 

Is business school failing my generation?

"What I want to talk about is how climate change, or more specifically, action to address climate change, will affect business and why I believe that this is something that every business school student should be aware of."  At a London Business School TEDx event last year, MBA student Tiiram Sunderland said paying attention to climate change measures is critical because nearly every business will feel the impacts of climate change mitigation and adaptation initiatives in the future.

Watch his talk (15:03 minutes long).  Tiiram is now a consultant with Bain & Company in London.

PDF: "Climate Change in 2017: Implications for Business"

Harvard Business School faculty and researchers recently released this updated Background Note: "Climate Change in 2017: Implications for Business" (PDF) .  Useful as background reading for students or a teaching resource for business school faculty.