Victoria Mills, a managing director of corporate partnerships at Environmental Defense Fund wrote a blog post about the ad and told Environmental Leader that there’s a simple reason why businesses are advocating for climate policy at COP21.
“The reason hundreds of companies are calling for a strong climate deal in Paris is simple: they want to avoid the risks, costs and instability of a warming world,” Mills says. “These companies see their businesses thriving in a low-carbon future, and they want to get there as quickly as possible.”
Unilever: Eco-Efficiency Saves $438 Million
Unilever spokesman William Davies told Environmental Leader that the cost of inaction is greater than the cost of action. Last week Unilever announced it will become “carbon positive” in its operations by 2030.
“In the last decade, the world spent $2.7 trillion more on natural disasters than usual; the same disasters are costing Unilever around €300 million ($328 million) a year,” Davies says.
Meanwhile, Unilever and other firms are saving money and increasing profits by investing in environmentally sustainable measures, Davies says. “Eco-efficiency measures in our factories have saved us over €400 million ($438 million) since 2008,” he explains.“ Consumers are demanding it too — last year our most sustainable brands grew twice as fast as the rest of the business. Sustainable solutions make business sense. More than half of the Fortune 100 companies are saving in aggregate around $1.1 billion per year from emission reduction initiatives.”
VF Corp: $25 Million Savings On Low-Carbon Initiatives
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Read more at COP21: Strong Climate Policy Leads to Lower Business Costs, CEOs Say
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