After a decade-long dry spell, Corporate America’s call for climate action is back.
Despite the Trump Administration’s continued denial, leading companies are finally giving climate change the attention it deserves and urging Congress to do the same.
Years from now, we’ll look back at May 2019 as a breakthrough moment, when business engagement in climate policy gathered strength and became an unstoppable movement. This month alone, companies across sectors including oil and gas, electric power, consumer goods and food have joined the CEO Climate Dialogue, invested in the Americans for Carbon Dividends initiative, and advocated on the Hill to put a price on carbon.
As Axios’ Amy Harder notes, “Several years-long trends are driving corporations to ask for government policy — but it’s not really about saving the planet. It’s about investor and legal pressure, falling prices for renewable energy, new bounties of cleaner-burning natural gas and growing public concern about a warming planet’s impacts.”
Whatever the reasons companies are stepping up to the plate on climate policy advocacy, pressure from investors is one trend that is here to stay.
If you were asked five years ago “What types of companies are thinking about – and acting on –sustainability?” you would likely answer with the usual suspects: Patagonia, REI, etc. Less likely on your radar, I’d venture to guess, were players like TPG Capital, Novartis or Caterpillar. Today, companies across all sectors are re-envisioning what it means to be sustainable, and EDF Climate Corps is helping them do so.
Last week I attended my 7th EDF Climate Corps training – the annual kick-off to the summer fellowship. I left the reception with the feeling that this year would be different than previous; partly due to my new role as manager of the program, but more so from the conversations I had with this year’s cohort of 115 EDF Climate Corps fellows. There was a shared feeling that the mindset around corporate sustainability has changed from a nice-to-have to a must-have. And it was inspiring to hear how this group of determined, talented individuals plans on helping some of our country’s largest businesses meet and strengthen their climate goals.
It’s inspiring people like these – coupled with the broader trends at play – which give me so much confidence in the EDF Climate Corps model to help more companies tackle larger, more impactful and more innovative energy-related projects. Here’s why: