Just a few years ago, pledges to tackle climate change were a staple of corporate PR. Amazon trumpeted its climate pledge and stamped it on the name of Seattle’s biggest arena. Walmart promised to slash a gigaton of carbon emissions from its supply chain, and the world’s largest money manager, BlackRock, with its $11 trillion in investments, pressured companies to come up with a plan to zero out their emissions by 2050.
Now, many corporations are avoiding the subject altogether. During earnings calls, mentions of many well-known terms related to the climate are down 76 percent compared to three years ago, according to a recent analysis of S&P 500 companies by Bloomberg. The sharpest declines came from financial firms and consumer discretionary companies, the category for those offering optional purchases, like Starbucks and Airbnb.
The hesitancy to talk about climate change — sometimes called “greenhushing” — could decrease pressure on the big corporate polluters that have been slow to cut their emissions. The trend has been linked to a growing backlash ... Read more
