How companies can balance the competing pressures of delivering on profit targets or preserve assets valuations at the same time as delivering credible net-zero emissions strategies is one of the most difficult and critical issues facing leadership today. The outcome of this struggle could determine the pace of change in tackling global warming, as companies face up to the potential costs of implementing new strategies and technology to transition to a net-zero emissions future. But the cost of not taking the necessary steps is inevitably going to be far greater, and the opportunities and rewards can be underestimated.
At the launch of the Climate Capital Council, Emiliya Mychasuk, FT climate editor, will be joined by Barbara Humpton, chief executive and president of Siemens US, who will discuss the dilemma as she guides the company’s strategy in serving the company’s largest market where it employs 40,000 people and generated $17 bn in revenue in 2020.
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ABOUT CLIMATE CAPITAL COUNCIL
The FT’s New Agenda is driving the company’s overall mission to produce informative, actionable content related to climate change, and the mission of the FT Climate Capital Hub extends to the aim of bringing organisations together to share experiences and ideas.
The FT Climate Capital Council is a new FT Forum where relevant FT readers, business leaders, academics, NGOs and policymakers can gather together through a series of regular events to discuss the responsibilities, challenges and aspirations businesses, governments, institutions and societies face in dealing with climate change. It also offers a space for businesses to share and collaborate over practical solutions.
After each event the Council will produce post event reports highlighting the key actionable take-outs for businesses to consider. As the Council develops it will look to developing new reports, resources and tools to help the community respond to the challenges of climate change.