urgency of climate action
It’s been another remarkable week of news about climate change and business responding. Headlines tell us about record-breaking fires in Australia and announce that the past decade has been the hottest on record, with a director from NASA saying; “If you think you’ve heard this story before, you haven’t seen anything yet.”
Meanwhile Blackrock, the world’s largest asset manager ($7 trillion), announces that it is changing its focus to climate change. Founder and CEO Laurence Fink believes we are "on the edge of a fundamental reshaping of finance" because of a warming planet. And, based on a survey of 750 key decision makers prior to the World Economic Forum, environmental issues are at the top of the list of concerns for those heading to Davos. The need for an interest in SET management is growing weekly.
Sources: Borenstein, S. (2020 Jan 16). Past decade the hottest on record. Winnipeg Free Press; Pylas, P. (2020 Jan 16). Environmental issues top list of worries for those heading to Davos. Winnipeg Free Press. Associated Press (2020 Jan 14). BlackRock, world’s largest asset management, changing its focus to climate change. https://www.cbc.ca/news/business/blackrock-investment-climate-change-1.5426465?cmp=rss
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Bruno is an organizational theorist at the University of Manitoba. He loves being a management professor, scholar and teacher.