Watch: A conversation on corporate America's climate impact
On Tuesday, February 2, Axios' Mike Allen, Ben Geman, and Aja Whitaker-Moore hosted a conversation on corporate America’s climate impact following the World Economic Forum’s Davos Agenda, featuring Microsoft's Chief Environmental Officer Lucas Joppa and The Rockefeller Foundation President Rajiv Shah.
Rajiv Shah discussed increasing global inequities as a result of the pandemic, and how these economic divides can be crossed with respect to energy and climate change policies.
- On the growing gap between the world's wealthy and poor: "COVID-19 is an accelerant of that [economic] divergence. We're now living through the greatest divergence we've seen since World War II and the living standards of people and inequality and inequity as a result of that."
- On how corporate America has stepped up their commitment to climate change initiatives: "It is going to take much more than a series of corporate commitments to get to net neutrality by 2050. And in fact, I'm optimistic because I've seen companies since [the beginning of 2020] do more."
Lucas Joppa unpacked climate change commitments within the private sector, and how companies have the potential to collectively create change.
- On the progress Microsoft has made around reducing carbon emissions: "A year ago we committed that by 2030, we'd reduce our emissions by half or more and remove the rest. Over the past calendar year...if we keep on track, we'll see us meeting or achieving our commitments."
- On setting an example as a large company and modeling scalable solutions: "It's incumbent upon [Microsoft] to do more, but it's also incumbent that we do more in a way that makes it easier for everybody to follow. We know with carbon reduction and carbon removal there's a lot of market maturation and a lot of other societal scale changes that need to happen [around it]."
Thank you Bank of America for sponsoring this event.