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https://www.techrepublic.com/article/climate-change-efforts-have-stalled-during-the-pandemic/

Climate change efforts have stalled during the pandemic

2021-03-26 15:08:17, Esther Shein, TechRepublic

Content Categorization
/People & Society/Social Issues & Advocacy/Green Living & Environmental Issues
/Business & Industrial
/Science/Ecology & Environment

Word Count:
803

Words/Sentence:
28

Reading Time:
8.03 min

Reading Quality:
Advanced

Readability:
16th or higher

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Image: Deloitte

While business leaders recognize the threat of climate change, a new report finds the pandemic has stalled action.

Despite their concern, almost two-thirds (65%) of organizations need to cut back on their environmental sustainability efforts in response to the pandemic and economic downturn, according to the report from Deloitte.

Nearly 30% of executives said their organizations already feel the operational impacts of climate-related disasters, and more than a quarter are facing a scarcity of resources due to climate change, per the report.

These companies plan to accelerate their environmental sustainability efforts over the next year, including broadening strategies beyond public policy to accountability measures that impact the bottom line and executive compensation, the report said.

"Almost half of companies have seen improved financial metrics thanks to these initiatives-a key consideration as leaders work to justify and measure the return on investment from climate efforts," the report said.

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