IMD-OWP22-PostEvent-Report-V11[8]

→Sustainability

ACTION POINTS

1

Improve your company’s emission measures.

2 3

Make a concrete plan for emissions reductions and offsets.

Change incentive schemes within your organization.

RECOMMENDED READING

THE REALITY OF CLIMATE FINANCIAL RISK By Karl Schmedders and Rick Van Der Ploeg (Project Syndicate, September 13, 2021)

WHAT IS YOUR SOLUTION? Executives and organizations should plan for more and higher carbon emissions costs. First, it is important to update and improve your estimates for your scope 1, 2, 3 emissions. Then, companies should develop an idea to reduce these emissions, while also recognizing any technical boundaries and evaluating offsetting options. Finally, leaders should change the incentive systems within their organizations to motivate employees to become more proactive across all of these issues.

CARBON TAXES NEED TO EXPLODE TO DEAL WITH THE ‘MOTHER OF ALL EXTERNALITIES’ By Karl Schmedders (I by IMD, March 28, 2022) HOW TO AVOID A CLIMATE DISASTER: THE SOLUTIONS WE HAVE AND THE BREAKTHROUGHS WE NEED By Bill Gates (Random House, August 23, 2022)

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