{"id":6123,"date":"2019-04-19T08:02:01","date_gmt":"2019-04-19T12:02:01","guid":{"rendered":"https:\/\/saperemarketing.com\/clearpath\/?p=6123"},"modified":"2023-11-29T15:27:19","modified_gmt":"2023-11-29T15:27:19","slug":"climate-footsteps-of-global-ceos","status":"publish","type":"post","link":"https:\/\/saperemarketing.com\/clearpath\/our-take\/climate-footsteps-of-global-ceos\/","title":{"rendered":"Following in the Climate Footsteps of Global CEOs"},"content":{"rendered":"\n<p>Leaders of the world\u2019s largest corporations, who have access to the best information, have voted climate change as the world\u2019s top risk.<\/p>\n\n\n\n<p>And as a nation, we are moving past the debate on whether man-made climate change is happening. You know things are different when the American Petroleum Institute is on the <a href=\"https:\/\/www.api.org\/~\/media\/Files\/Policy\/SOAE-2019\/2019-API-SOAE-Speech.pdf\">record<\/a> accepting this reality:<\/p>\n\n\n\n<p><em>The risks of climate change are real. Industrial activity around the globe impacts the climate.<\/em><\/p>\n\n\n\n<aside class=\"float-right\" style=\"text-align: center; padding-left: 20px;\">\n<p style=\"font-size: 24px;\"><span class=\"md-bold\" style=\"color: #9d1c20;\">Executive Pay is Being Linked to <\/span><\/p>\n<p style=\"font-size: 24px;\"><span class=\"md-bold\" style=\"color: #9d1c20;\">Emissions Reductions<\/span><\/p><img decoding=\"async\" class=\"clearpath-lightbox-img alignnone wp-image-5112 size-full lazyload\" data-src=\"https:\/\/saperemarketing.com\/clearpath\/wp-content\/uploads\/sites\/67\/2019\/04\/executive-pay-emissions-01.jpg\" alt=\"\" width=\"400px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 800px; --smush-placeholder-aspect-ratio: 800\/641;\">\n<\/aside>\n\n\n\n<p>Top energy companies such as Shell, BP and Southern Company are <a href=\"https:\/\/www.bbc.com\/news\/business-46424830\">linking<\/a> executive pay to greenhouse gas emissions reductions. Blackrock, the world\u2019s largest asset manager, recently published a <a href=\"https:\/\/www.blackrock.com\/ca\/institutional\/en\/insights\/markets\/the-price-of-climate-change\">report<\/a> called \u201cGlobal Warming\u2019s Impact on Portfolios.\u201d It isn\u2019t pretty. The U.S. Chamber of Commerce recently released a <a href=\"https:\/\/www.uschamber.com\/addressing-climate-change\">statement<\/a> calling on &#8220;policymakers to seize on an approach that rises to the challenge of climate change.\u201d Even the Federal Reserve is putting out notices on the economic risks of climate change.<\/p>\n\n\n\n<p>Business leaders have accepted climate change as a problem that needs solving. What about the rest of us and those we elect? How should climate change rank in order of priority? Rational analysis doesn\u2019t always go hand in hand with retail politics, but it\u2019s not a bad place to start. One rational data point is the <a href=\"https:\/\/www.weforum.org\/reports\/the-global-risks-report-2019\">2019 Global Risk Report<\/a> released by the World Economic Forum (WEF), which every year hosts a conference attended by top global business and political leaders and economists in Davos, Switzerland. Here\u2019s how they describe themselves:<\/p>\n\n\n\n<p><em>The World Economic Forum (WEF) provides a platform for the world\u2019s 1,000 leading companies to shape a better future.<\/em><\/p>\n\n\n\n<p>Example companies include energy giants such as Exxon, Chevron and Shell; the world\u2019s biggest insurers (they know about risk): AXA, Swiss Re, Zurich Insurance, Lloyd\u2019s of London; our biggest banks: CitiGroup, Bank of America, JP Morgan Chase; and other well known brands like Coca Cola and Procter and Gamble.<\/p>\n\n\n\n<p>I think it makes sense to pay special attention here because this group has incredible access to information, and they see how global trends are affecting their worldwide operations.<\/p>\n\n\n\n<p><strong>Here\u2019s the 2019 WEF risk assessment\u2019s top line:<\/strong><\/p>\n\n\n\n<p>The report presents the results of our latest Global Risks Perception Survey, in which nearly 1,000 decision-makers from the public sector, private sector, academia and civil society assess the risks facing the world. Nine out of 10 respondents expect worsening economic and political confrontations between major powers this year. <strong>Over a ten-year horizon, extreme weather and climate-change policy failures are seen as the gravest threats.<\/strong><\/p>\n\n\n\n<div class=\"center\" style=\"text-align: center; padding-right: 20px;\">\n<p style=\"font-size: 24px;\"><span class=\"md-bold\" style=\"color: #9d1c20;\">The Global Risks Landscape 2019<\/span><\/p>\n<figure><img decoding=\"async\" class=\"clearpath-lightbox-img alignnone wp-image-5112 size-full lazyload\" data-src=\"https:\/\/saperemarketing.com\/clearpath\/wp-content\/uploads\/sites\/67\/2019\/04\/global-risks.jpg\" alt=\"\" width=\"1000\" height=\"1265\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1000px; --smush-placeholder-aspect-ratio: 1000\/1265;\"><\/figure><p><\/p>\n<\/div>\n\n\n\n<p>As you can see climate change dominates the graph. It has huge impact and is happening now.<\/p>\n\n\n\n<div class=\"center\" style=\"text-align: center; padding-right: 20px;\">\n<p style=\"font-size: 28px;\"><span class=\"md-bold\" style=\"color: #9d1c20;\">The Evolving Risks Landscape 2014 &#8211; 2018<\/span><\/p>img class=&#8221;clearpath-lightbox-img alignnone wp-image-5112 size-full&#8221; src=&#8221;https:\/\/saperemarketing.com\/clearpath\/wp-content\/uploads\/sites\/67\/2019\/04\/risks-evolution-table-vert-01-2.jpg&#8221; alt=&#8221;&#8221; width=&#8221;800&#8243; height=&#8221;1611&#8243;>\n<\/div>\n\n\n\n<p>How can climate change be this impactful when ranked against all the risks the world faces? The below graphic outlines how the interconnected nature of climate change greatly increases it\u2019s threat level:<\/p>\n\n\n\n<div class=\"center\" style=\"text-align: center; padding-right: 20px;\">\n<p style=\"font-size: 24px;\"><span class=\"md-bold\" style=\"color: #9d1c20;\">The Interconnections of Global Risks<\/span><\/p><img decoding=\"async\" class=\"clearpath-lightbox-img alignnone wp-image-5112 size-full lazyload\" data-src=\"https:\/\/saperemarketing.com\/clearpath\/wp-content\/uploads\/sites\/67\/2019\/04\/the-interconnections-of-global-risks.jpg\" alt=\"\" width=\"1000\" height=\"1060\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1000px; --smush-placeholder-aspect-ratio: 1000\/1060;\">\n<\/div>\n\n\n\n<p>Extreme weather events lead to food crisis in developing countries that leads to political instability. Extreme rainfall caused by a warmer atmosphere leads to more pooling of water and breeding grounds for disease carrying mosquitoes. And so on.<\/p>\n\n\n\n<p>It is one thing to be the prevailing logic for decision makers at the top of the global industrial ladder. It is an altogether different and somewhat emotional thing that prioritizes politics and policy. When will these forces collide? My guess is sooner than later.<\/p>\n\n\n\n<p style=\"font-size:20px; padding-top:25px;\"><strong>View more of&nbsp;<a href=\"\/our-take\">Our Take<\/a>&nbsp;and let us&nbsp;know what you think at <a href=\"mailto:jaylistens@saperemarketing.com\">jaylistens@saperemarketing.com<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leaders of some of the world\u2019s largest corporations have used best-in-class data to determine that climate change is a dire global risk deserving of serious solutions.<\/p>\n","protected":false},"author":296,"featured_media":6118,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ngg_post_thumbnail":0,"wds_primary_category":19,"footnotes":""},"categories":[19],"tags":[15,17,28,18],"class_list":["post-6123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-our-take","tag-carbon-capture","tag-innovation","tag-natural-gas","tag-nuclear"],"acf":[],"_links":{"self":[{"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/posts\/6123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/users\/296"}],"replies":[{"embeddable":true,"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/comments?post=6123"}],"version-history":[{"count":0,"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/posts\/6123\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/media\/6118"}],"wp:attachment":[{"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/media?parent=6123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/categories?post=6123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/tags?post=6123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}