Wealthiest 10% are responsible for half of global carbon emissions

With the UN Conference of the Parties (COP26) in Glasgow focusing on countries and companies taking action to mitigate climate change, individuals might feel there is little they can do. However, the world’s wealthiest can have the biggest impact. With the UN Conference of the Parties (COP26) in Glasgow focusing on countries and companies taking action to mitigate climate change, individuals might feel there is little they can do. However, the world’s wealthiest can have the biggest impact.

Net Zero Emissions is Not Enough. The Real Goal is Absolute Zero

Net Zero emissions is getting plenty of attention as the world seeks to mitigate climate change. Realistically, though it’s not enough. As Fortescue Metals Group CEO Andrew Forrest put it, “Net Zero isn’t a real solution. It’s carte blanche to continue using fossil fuels (and) offset emissions by capturing carbon, burying it, or planting enough trees.” What we really need is Absolute Zero, which means eliminating emissions. And it actually is possible.

Your Clothes and Fashion Choices can Cause Climate Change, so Choose Carefully

Wearing clothes might seem like it doesn’t hurt the environment nearly as much as driving and flying or a multitude of other polluting activities. The reality, though, is different. Every time we get dressed, we literally put climate change on our backs. Indeed, the textile industry is one of the world's worst polluters. Changing what we wear can help reduce climate change and protect the environment.

Measure Corporate Environmental Impact to align your Investments with your Values

Investors’ interest in companies with environmentally friendly practices is growing, and research shows that returns from these firms are higher. Measuring a company’s environmental practices is, though, still quite difficult. While development of better metrics is underway, investors can still figure out whether a company is doing well now by developing their own criteria and using the reporting that already exists.

Get off Autopilot and Reduce Insurance Costs During the Pandemic

Amidst the pandemic, many of us still operate on autopilot when it comes to insurance. We may renew our standard car insurance even when we’re driving less or renew an annual travel insurance policy even though we’re not traveling. We may also skip home or cyber insurance despite buying things to work at home and facing cyber-attack risks. Reviewing and changing policies can reduce costs or give you the new protection you need.

Ethical Businesses Perform Better

Amidst increasing turmoil across Asia, businesses have had to make more decisions with ethical implications. Corporate leaders need to decide how to respond to situations such as a civil disobedience movement in Myanmar, a law in India that grants citizenship based in part on religion, demonstrations against a National Security Law in Hong Kong, new voting laws in the United States and a multitude of other ethically fraught situations. Some firms simply carry on as usual with few considerations of ethics. What may surprise them is that behaving ethically improves business performance. Companies have more reasons to follow ethical business practices.
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