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Supply Chain

Why business needs to collaborate and step up on climate in 2015

March 19, 2015

If one thing has become clear in the sustainability space, it's that no one company will solve climate change all by itself. Collaboration is the name of the game, and business should step up. At least that's what Peter Bakker suggested at GreenBiz Forum 2015 in Phoenix, Ariz.

Bakker, president of the World Business Council for Sustainable Development, outlined why businesses need to be thinking sustainability and collaboration.

"It's an undeniable fact that the climate is changing," he said. "The platforms are there, the urgency in the matters are there. Business has long been talking about its responsibility to be part of [the solution]. Now is the time to scale up."

Bakker also said that businesses still can collaborate on supply chain sustainability, even if their end-products compete.

"Many sustainability challenges play in areas of the world where competition has no role," he said. "We can work on these supply chains together, rather than as competitors."

Companies should be readying strategies for the 2015 United Nations Climate Change Conference (COP21) in Paris this autumn, Bakker suggested. It's not just about taking stock of a company's internal efforts, but showing the world that business at large is a partner in combating climate change.

"Business must understand its impacts, its solutions, and again show the policymakers that it's there as a solutions provider," he said.