CEOs and other senior leaders
around the world tell me
that their organizations
must play a role
in tackling climate change
and solving
major sustainability challenges.
And it's clear
that they want to take action,
moving beyond pledges
to making sustainability
core to their strategies
for competitive advantage.
But we are off track
and we are running out of time
to meet these goals.
Economic and geopolitical uncertainty
and the ongoing pandemic
have strained supply chains
and disrupted operations.
In this environment,
it is increasingly difficult for leaders
to juggle short-term pressures
with the most critical
imperative of them all
the future of our planet.
This is very personal for me.
I have three teenage children
and I want to see them grow and thrive
and have the same opportunities
that were available to me.
But becoming more sustainable
isn't a business tradeoff.
It's an opportunity.
Climate leaders earn higher valuations,
they operate in higher growth markets,
they can attract and retain
much better talent,
save costs, avoid regulatory risk,
access cheaper capital,
and achieve greater shareholder returns.
The increasing number of companies
making climate pledges
shows that businesses care
and that they have a vision.
What they need now
is a plan and a clear roadmap
for execution.
This second edition of BCG's Close the Gap series
helps leaders identify a path forward
to deliver on their climate commitments.
We at BCG want to work with you
to make change happen.