In the decade ahead, Australia and the world will face environmental, social and financial challenges of an unprecedented scale. These include tensions between economic growth and environmental degradation, a need to dramatically reduce greenhouse gas emissions in response to climate change, and pressure to improve social inclusion and equity in a world of significant poverty and inequity. Businesses are clearly key players when it comes to responding to these challenges, but can businesses look beyond their short-term bottom line and better balance their economic needs with social and environmental priorities?
In March this year, the Sydney Network on Climate Change and Society in association with the University of Sydney Business School organized a one-day symposium exploring how businesses as social actors have responded to the emerging climate crisis. The symposium featured a keynote address by Professor Andy Hoffman, the Holcim (US) Professor of Sustainable Enterprise at the University of Michigan, followed by contributions from other influential academic writers on climate change, and insights from a range of business practitioners at the leading edge of corporate environmental sustainability.
Last month we were lucky to have Professor Andy Hoffman from the University of Michigan visit the University of Sydney Business School and present a number of talks on climate change and business responses. Andy is one of the world’s leading experts on business and climate change and has published extensively on this topic.
Above is a short interview on ABC’s Business Today program hosted by Whitney Fitzsimmons, where Andy discusses some of the business implications of climate change and related regulatory and market changes.