Political changes don't weaken the case for green business

LONDON – Since Donald Trump’s return to the White House, the United States has taken an everything-everywhere-all-at-once approach to disrupting the domestic and global status quo, and sustainability and climate commitments have been among its first targets. Trump immediately signed an executive order withdrawing the US from the Paris climate agreement, and his administration then canceled funding for clean-energy projects under the Inflation Reduction Act and the Bipartisan Infrastructure Law. Against this backdrop, some companies are quietly downplaying or abandoning their previously announced environmental and climate commitments. But no amount of shock-and-awe policy disruption in one country compares to the disruption caused by climate change. Already, the financial costs from disrupted global supply chains – owing to water stress, biodiversity loss, and land degradation – are projected to reach up to $25 trillion by 2060. Businesses that fail to manage these risks will face higher costs, increased regulatory scrutiny, and reputational damage. For example, automakers thatWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times