In a World Economic Forum report, Alzbeta Klein, Director and Global Head, Climate Business, International Finance Corporation (IFC), shares how businesses are using efficiency and innovation to bring in profits and reduce emissions.
Klein cites Bertrand Piccard, who created The Solar Impulse Foundation, an initiative to identify business ideas that can protect the environment in profitable ways. She also mentions other IFC investments, such as B2B startup, BlackBuck, and first commercial operator for low-orbit, small earth observation satellites, Planet.
She writes that board members and CEOs have to rethink their business models to embrace innovation, forge partnerships in the unlikeliest of places, and treat disruption as an advantage.
Klein even suggests that business leaders who overcome hurdles to offer these low-carbon technologies, goods and services – and the banks that fund them – will be the front-runners of our future.
She adds that with this sort of new thinking among businesses, and with smarter regulation, people can grasp the climate challenge and find inspiration to find a solution. Read the Entire Article
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The Social Economy Alliance, created by 23 social enterprises, co-operatives and charities, have conducted a poll that shows “clear preference exists for community-owned businesses that reinvest profits, with around half of consumers saying they would switch to one in housing, transport and banking.”