The Bar for Corporate Leadership on Climate Has Been Raised
As the legal briefings pile up over the Clean Power Plan (CPP), I’m inspired by the growing number of companies and business organizations standing up for the most significant step in U.S. history toward reducing climate pollution.
The bar continues to rise for companies that want to lead on sustainability, and it’s great to see companies aligning their corporate sustainability strategy and policy advocacy. Today’s corporate-led amicus briefs in support of the Clean Power Plan and smart climate policy are the latest example.
IKEA, Mars, Blue Cross Blue Shield MA and Adobe (collectively called Amici Companies) praised the EPA’s Clean Power Plan as a viable solution that will create market certainty and directly benefit their organizations. “It is important to the Amici Companies that they reduce their carbon footprints by procuring their electricity from zero- and low-emitting greenhouse gas (GHG) sources, not only to be good stewards of the environment, but to also because it preserves their economic interests.”
Tech industry leaders Google, Apple, Amazon and Microsoft (collectively called Tech Amici) also threw their weight behind the plan, saying, “delaying action on climate change will be costly in economic and human terms, while accelerating the transition to a low-carbon economy will produce multiple benefits with regard to sustainable economic growth, public health, resilience to natural disasters, and the health of the global environment.”
These leading companies represent half a trillion dollars in revenue, demonstrating robust business sector support for the Clean Power Plan. Their filings continue the important momentum started in July 2015 by 365 companies and investors that sent letters to governors across the U.S. stating their support as being “firmly grounded in economic reality.”
Dynamic power sector voices are supporting the rule as well. Three advanced energy associations, representing a $200 billion industry, have stepped up to intervene in defending the Clean Power Plan. Numerous major power companies are also defending the rule in court: Just today, Dominion Resources filed a brief endorsing the Plan’s “flexible, accommodating” approach.
In fact, leading companies argue that inaction on climate will “subject companies to unacceptable risks” — risks that force businesses to bear economic and social disruptions to their operations due to the uncertainty of future energy resources. Companies who support the Clean Power Plan are major energy consumers and purchasers; planning for future energy resourcing is critical to their long-term business strategy.
Sixty percent of the largest U.S. businesses have established public sustainability and clean energy goals. That’s fantastic, but literally billions of kilowatt hours are still needed to meet renewable energy goals. Companies no longer want to rely on unstable fossil fuels. They are looking to the Clean Power Plan to spur investment and increase reliability, energy efficiency and low-cost clean energy options. Kudos to the industry leaders that are standing up to outdated views and the false choice between business and the environment. Real corporate sustainability leadership takes courage and a willingness to support the smart policy changes required to preserve the natural systems that people and the planet rely on.
I’m looking forward to seeing more businesses follow their lead.
This story has been republished with permission by the Environmental Defense Fund.
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