Employees and investors are forcing companies to act on climate change
From CNN Business:
Nearly 1,000 Amazon (AMZN) employees will walk out in protest Friday at what they say is their company’s inaction on climate change, despite CEO Jeff Bezos’ new plan to make Amazon carbon neutral by 2040. The “Amazon Employees for Climate Justice” collective said in a statement Thursday that while the company’s “Climate Pledge” is a win — it’s not enough.
“The Paris Agreement, by itself, won’t get us to a livable world,” the employee group said. “Today, we celebrate. Tomorrow, we’ll be in the streets to continue the fight for a livable future.” The goal: The group wants Amazon to “commit to zero emissions by 2030 and pilot electric vehicles first in communities most impacted by pollution.” …
Companies backing the strikes include Patagonia, Burton, Etsy, Imgur, Kickstarter and The North Face.
It’s not just employees that are worried about climate change. Investors are, too. Investors managing assets worth $35 trillion this week urged companies and governments to act with the “utmost urgency” to combat climate change.
“Much more needs to be done by governments to accelerate the low carbon transition and to improve the resilience of our economy, society and the financial system to climate risks,” they said in a statement. Signatories to the statement include some of the world’s biggest pensions funds and asset managers, including the California Public Employees’ Retirement System, UBS Asset Management, Allianz Global Investors and Nomura Asset Management.