Submitted by SiMPACT Strategy Group
In advance of the 50th Davos conference this past January, Forum founder and executive chairman, Klaus Schwab and the heads of Bank of America and Royal DSM sent a commitment - to do everything in their power to achieve net zero carbon emissions by 2050 or earlier.
This call-to-action come on the heels of other newsworthy steps taken by the corporate community, including a letter signed by Apple CEO Tim Cook and other CEOs in December 2019 urging the Trump administration to keep the United States a member of the Paris Agreement.
All efforts to address climate change are welcome and necessary. The situation is urgent. But the reality is we won't meet our goals if we think about climate change in exclusion of inequality. After all, anyone earning a wage that allows for choice has a myriad of opportunities to adapt their behaviour toward the goal of overcoming the climate crisis. But what about everyone else?
The SiMPACT Strategy Group is a specialist agency in social impact management, measurement and valuation. We seek to build capacity and to transfer knowledge in every aspect of our work. One of SiMPACT's core activities is facilitating LBG (London Benchmarking Group) Canada - a network of companies striving to maximize the value of corporate investment for their community partners and for their own businesses. The SiMPACT Strategy Group is an expert in social return on investment (SROI). We work to build capacity in the use of the SROI methodology as a planning, program management and evaluation framework. SiMPACT's work in SROI enables investors, organizational leadership and program management to structure planning and program investment such that achieving maximum value is the result.
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