There’s an ongoing transformation in the very way companies define their Corporate Social Responsibility (CSR) programs. The messages are different, the goals are different, and, to be sure, the strategies are different.
The world’s largest investors have issued a document detailing their expectations of how companies should approach responding to climate change. The document provides a unified global investor voice on the issue for the first time, in response to concerns about the impact of climate change on their investments.
At a time when mega crises in economic activities, social life, and natural environment are becoming “the new normal” for mankind, it is only wise to search for a way out of this new normal by taking an integrated approach, revealing the essential value of sustainable development in combining economic, social, and natural considerations.
The costs and consequences of climate change on our world will define the 21st century. Even if nations across our planet were to take immediate steps to rein in carbon emissions—an unlikely prospect—a warmer climate is inevitable. As the U.N. Intergovernmental Panel on Climate Change, or IPCC, noted in 2007, human-created “warming of the climate system is unequivocal, as is now evident from observations of increases in global average air and ocean temperatures, widespread melting of snow and ice and rising global average sea level.”
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