HOW SOCIAL CHANGE HAPPENS

INTERNATIONAL COOPERATION ON CLIMATE CHANGE

SHIFTING THE CORPORATE RESPONSIBILITY

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SHIFTING THE CORPORATE RESPONSIBILITY

The world’s 10 biggest food and beverage companies such as Coca-Cola and Nestle emit so much greenhouse gases through their supply chain logistics that if they were a single country, they would be the 25th most polluting in the world.

Given how large multinational corporations have gotten, some NGOs such as Oxfam have initiated innovative programs to pressure and keep them accountable in the fight against climate change.

Oxfam’s Behind the Brands initiative scrutinises and assesses agricultural sourcing policies of these top 10 food and beverage companies and rate them according to a scorecard that includes climate as one of its themes. This provides transparency on how these companies act in the best interest of all their suppliers and the environment.

Oxfam Behind the Brands

Oxfam Behind the Brands

On a similar note, there is also increasing incentives and momentum for corporations to shift to more sustainable practices.

Experts anticipate that corporations who do not adequately address climate change will face a number of obstacles in their chase for profits and long-term growth.

Look at the graphic below from GlobeScan which surveyed the opinions of business experts as well as experts in other sectors.

Ask yourself for large companies that are not adequately addressing climate change, which two of the following factors will have the largest negative impact on their revenue, profits and long-term growth?

Globescan negative impacts