Environment

Businesses need more climate change protection

Photo: Florian Gaertner/Getty Images.

While governments and corporations are starting to protect themselves from the impacts of climate change, Morgan Stanley says private businesses need to do more.

Why now: The investment bank's strategists are recommending companies strongly consider preparing for a world with more frequent and intense weather events, rising sea levels, changes to agriculture and the spread of infectious disease.

Poll: Millennials would sacrifice pay for environmental responsibility

Image of recycling logo.
Photo: Ramin Talaie/Corbis via Getty Images

Three-quarters of millennials would take a job with a lower salary if it meant they could work for a company that was environmentally responsible, while 40% of millennials have chosen a job because of a company’s strong sustainability practices, according to a survey reported by Fast Company.

Why it matters: Millennials will make up about 75% of the workforce in the next 6 years, so focusing on sustainability may give businesses a competitive edge in hiring. Nearly 10% of all respondents — regardless of age — said they would take a $5,000-$10,000 pay cut to work for environmentally responsible firms.

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