Climate Change Education Preparing Future and Current Business Leaders: A Workshop Summary (2014) / Chapter Skim
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2 Dealing with Climate Change: The Business Perspective
2 Dealing with Climate Change: The Business Perspective
Pages 9-14
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CLIMATE CHANGE AND ENERGY: PROBLEMS AND OPPORTUNITIES Dave Nagel noted that energy infuses the entire economy. A somewhat small amount of money is invested in alternative energy, and major 9
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Climate change is a long-term issue, with global interdependen cies, and local variations and priorities, Nagel asserted. It requires leaders who can "look beyond the numbers" and employ inte grated systems thinking.
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Parr explained that addressing climate change and energy consumption on the operations side was ultimately also good for shareholders. Parr explained how climate change provides DuPont with operational
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Her company has a strong position on climate science globally, but the lack of social consensus on the science of climate change in the United States means Bayer treads lightly in the United States in order not to lose business partners. Patrick pointed to business opportunities in markets where climate change mitigation (i.e., avoiding greenhouse gas emissions)
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Business school graduates, in her opinion, require the foundational knowledge needed to "wear the climate change goggles." This knowledge includes environmental literacy, management acumen, and the ability to understand business processes and culture or the policy environment. The business structure then needs to be set up to make it easy to employ skilled people in appropriate functions, something that supports strategic execution: That is, the willingness to take action today and engage the resources for tomorrow's benefits and to monitor progress in order to ensure that strategic goals are being met.
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Parr responded that students need to be taught in the core curriculum to think about markets more broadly and to include externalities to see where markets may be going. He referenced assets that cannot be moved and might require expensive adaptation if market forces change, be it for climate change or other reasons.
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