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Used at top MBA programs including
Stanford Graduate School of Business
University of Chicago Booth School of Business
Wharton School of the University of Pennsylvania
Kellogg School of Management at Northwestern University
Summary
  • In the past 3 months, Jeff Bezos, Microsoft, Goldman Sachs, BlackRock, KKR and Delta have each made sizable commitments in addressing climate change.
  • Estimates for temperature increases are narrowing and converging to an approximate 3°C increase by 2100 – well beyond the Paris Agreement’s 1.5°C threshold for avoiding substantial impact.
  • The specificity of the initiatives and dollar size of the commitments suggest they believe it makes economic sense to invest in preparations for the most likely future scenario.
  • Now that the window to achieve 1.5°C based on carbon reduction alone has passed, carbon removal and widespread adaptation will have to be part of the answer.
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