What can a top CEO tell us after being ousted by his company for his commitment to climate change…?
Emmanuel Faber finally speaks frankly to Time Magazine following his ousting from Danone, one of the world’s largest food companies, earlier this year.
This article reminds us that a change in mindset surrounding how we do business is critical to our future and we need everyone on board.
Can we satisfy shareholders while remaining committed to reducing carbon emissions? This article is well worth a read in its entirety, but here are a few of his points:
- Governments must turn to companies to deliver decarbonisation and other planet saving activities, because governments are not doing it themselves.
- Recruiting and retaining highly educated talent is a significant concern as many do not want to work for these large companies. More and more employers are asking the new generation of potential leaders what they want: Meaning, they want impact.
- Shareholders were not so interested in all these discussions about climate action and ESG three years ago, but now they are very interested, and so everyone is nervous. But in themselves,[CEOs] know that there is a problem, and many now see that there is an opportunity.
- If you’re not able to lead climate strategy 10 years from now, you should not be a CEO. It’s as simple as that. Your company will not find capital. I’m pretty clear on that.
You can read the full interview here:
Emmanuel Faber Was Ousted From Danone. Now He’s Speaking Out | Time
As business owners, we appreciate that shareholders will always want more bang for their buck and see less cost the bottom line. Employees want to work for companies that are committed to climate change. Customers want to buy from suppliers who are meeting their carbon emissions commitments.
We believe that Green Haas Ltd. can help CEOs and senior leaderships teams on their journey to satisfying them all.