Business and financial sector

Corporate law needs to be changed so that all corporations and limited companies must demonstrate how they will become carbon neutral by 2045 and all investors should be given information about a company's current carbon/environmental footprint as part of the share purchasing process.  Additionally, companies should be established not with profit as the primary driver, but social responsibility (eg what problem facing society are they seeking to address). This change in law will require strong lobbying with the UK government

Why the contribution is important

Currently, our econonic system encourages profit above all else, including the long term harm caused by carbon emissions and environmental degredation.  Companies should not be allowed to operate if they continue to cause this destruction and instead should be established to serve society (which does not preclude the making of profit).  In this way, we will be creating a society which discourages blind self interest and encourages prosocial behaviour.

by mgtmclean on October 25, 2020 at 06:07PM

Current Rating

Average rating: 2.6
Based on: 3 votes

Comments

  • Posted by Eviaries October 25, 2020 at 23:01

    Although there is much that makes sense in this idea, it is deeply flawed in that there are already all sorts of promises about how corporations (or even our own government) can become carbon neutral by 2045, but promises and demonstrations mean very little, as typically nothing is actually done when it can be put off until later. Furthermore, we need to reduce carbon emissions far faster than by 2045 if we want to have a chance of keeping below 1.5C (average global pre-industrial temp.) Aiming for 2025 would be best, knowing that it would possibly not be fully achieved until 2030. See Climate Action Tracker, December 2019. https://climateactiontracker.org/global/temperatures/
    Currently we are at 1.1C, and we have out of control wildfires spewing carbon and other greenhouse gases into the atmosphere (There was one this last summer, behind my house in Dumfries and Galloway! It took three days to put it out.) Not to mention droughts, heatwaves, flooding, and icemelt at the poles, Greenland, and the permafrost. We are dangerously close to tipping points, if we have not transgressed them already.
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