Updated Nov 13, 2020 - Energy & Environment
Workers want their bosses to do better on climate
- Ben Geman, author of Axios Generate
Corporate climate performance plays a role in how workers think about their employers, not to mention talent recruitment and loss, per a survey from KPMG and the law firm Eversheds Sutherlands.
Why it matters: The outlook from directors and top executives from hundreds of companies provides some interesting data points on how the corporate world is and isn't addressing climate change.
By the numbers: The survey of executives from more 500 international companies in August 2020 also found...
- 35% said they understand climate-related risks their companies face "extremely" well, while another 52% said their understanding needs to be better.
- 25% reported their companies' directors have remuneration incentives for directors to achieve carbon-cutting targets.
- 45% answered that their companies report publicly on climate-related risks they face.
- 74% said decarbonizing will require "significant changes" to their business model.