Over the past year or so, as the Trump administration continued to roll back or weaken as many climate regulations in the United States as it could get its hands on, the corporate world seemed to be doing the opposite. A steady stream of companies — from tech giants like Apple to oil majors like BP to retail behemoths like Amazon — announced major commitments to decarbonize their businesses. Pledging to go net-zero became the new gold standard for corporate sustainability.
While many companies haven’t yet matched their net-zero promises with specific action plans, that could change under the administration of President-elect Joe Biden. With the executive branch and the private sector pulling in the same direction on climate, experts expect progress on corporate pledges to continue.
“Companies and investors really struggle with uncertainty,” said Tom Murray, who advises companies on reducing emissions for the Environmental Defense Fund. “They often use it as an excuse for inaction. So by making climate change a top priority, president-elect Biden is putting an end to that uncertainty and calling for real action.”
Murray and other experts on corporate sustaina... Read more