COVID-19 has dominated virtually every waking moment for much of the past year. But with vaccination programmes now accelerating across the world, attention is shifting back to other societal challenges facing us globally. And of these, there is arguably none bigger than climate change. In 2015, climate change spurred investors and the financial industry to form the Task Force on Climate-Related Financial Disclosures (TCFD), which developed and released their recommendations for climate-related financial disclosure in 2017.
The intersection of business and values has been the site of several collisions lately—some accidental, some accidents waiting to happen.
While the subjects in question have varied from CEO activism and governance to issues of ethics and data privacy, the end point is the same: In business 2018, values matter, more than ever. No company looking to its future viability can afford to avoid making choices—and statements—about what it stands for while avoiding pitfalls and misguided actions.