Climate Leadership Roundtable #3
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Last week, we hosted our third Climate Leadership Roundtable.
We were joined by our science partners, Professor of Climate Economics Åsa Löfgren (recently appointed University Fellow at Resources for the Future in Washington D.C.) and Sverker C. Jagers, Professor in Environmental Politics, as well as sustainability leaders Damien Isambert, Senior Sustainability Manager Nordics & Baltics at Danone, Nexhi Deti, Industry CTO & Sustainability Strategist at Microsoft and Eva Svedling, former CEO of think tank Global Utmaning and State Secretary for Climate at the Ministry of the Environment. Wow, what a group of people to have gathered in the same room!
The session focused on identifying and prioritising the most important enablers and blockers of corporate transition Willingness, a fundament (alongside Readiness and Openness) of an organisation's Transition Capability.
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"We worked according to the triple helix model with representatives from private sector, public sector, and academy. The most interesting thing to me was that we all identified the same enablers and obstacles when reflecting on our biggest challenges. It became clear that we all see increased knowledge and financial incentives as key for enabling the green transition", says Åsa Löfgren.
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Read more about the session on our blog, and if you're interested in joining future roundtables and events, reach out to Lisa.
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The myth of business as usual – Florida's hidden 'climate tax'
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When talking about the costs of fighting climate change, it's often portrayed in relation to status quo and an assumption that we have the choice to opt out; that change will not be forced upon us. The truth, however, is that transition costs will come in one form or another – be it due to regulation, competition, direct climate change impact – or something else. We can pay the price associated with transitioning: staying competitive, mitigating climate change, and adapting our business models at the same time – or pay the price associated with conducting business as usual, a cost that will likely be higher than the alternative.
An example of how this is already happening comes as the US hurricane season kicks off, as reported by Bloomberg. Florida; the fastest-growing state in the US, is also the most vulnerable to storm-related damage. Last year, Hurricane Ian battered the state, killing almost 150 people and costing insurers roughly $63 billion.
Damages equaled almost 4% of the state’s annual gross domestic product since 2017 and resulted in a more than 10% hit to the economy when totalling up all of the property destruction, infrastructure spending and power outages.
As insurance rates rapidly increase, climate change is leading to financial burdens for individuals in a variety of ways. Floridians pay nearly triple the national average in property insurance. Separate flood insurance comes on top of that, and car insurance premiums are also higher than the national average due to the amount of weather-related accidents.
Inevitably, the costs of addressing climate change are already being felt, and they will continue to rise.
Read the full article here.
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Reducing Carbon Footprints: The '59 Days Challenge' in Östersund
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Last but not least, a podcast recommendation from our CEO Staffan (in Swedish): Konsumtionens klimatskuld – vår livsstil kräver jordklot som vi inte har.
In Östersund, 150 people across 7 different organisations have decided to band together and reduce their carbon footprints by abstaining from from eating beef and reducing their car usage, food waste, shopping, and shower time for 59 days. The challenge ends on June 1st.
What does research say about the power of doing things collectively, and how can groups and corporations learn from this in order to start changing behaviours?
Listen here (or wherever you prefer to get your podcasts)!
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Stay safe and stay curious!
/ Karin & Team Another Tomorrow
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