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"In extreme cases, they can even vote out board members, as in Exxon Mobil in 2021 when a majority of shareholders elected three new board members proposed by an activist hedge fund. They can also divest, sell or deliberately decide not to own high carbon stocks. Another option is to align with companies which are currently high carbon but have a credible commitment to reducing their emissions," Benthem said.

“Most people are familiar with the COP events. COP21, known as the Paris Agreement, is the most significant and led to a new international climate agreement, applicable to all countries, aiming to curtail global warming at 1.5°C above pre-industrial levels,” Aidan Mullen, Sustainability Manager at Interface, says.

With the recent IPCC report highlighting the need for urgency in taking drastic climate action, Interface is re-examining their plan and ramping up their activities. We sit down with Aidan Mullan to talk about what’s in the pipeline, why it needs to happen now, and why carbon offsetting is not a silver bullet.

Stamping foils manufacturer and supplier Foilco has achieved carbon neutrality through its operational emissions.

Sustainability is becoming the defining paradigm for business. Is your leadership team ready?