Points of View
More Sustainability Research
Executives must focus on sustainability, or prepare for a new wave of lawsuits
Evolving scientific evidence of climate change coupled with changing legal interpretations means that a new wave of lawsuits is washing over enterprises—whether they’re the source of environmental damage or just an indirect partner. The historical culture of outsourcing with closed eyes is disappearing as businesses find that their partners’ indiscretions are increasingly coming back to haunt them; manufacturing via modern slavery, for example, or Facebook’s Cambridge Analytica crisis. The cost of first-hand indiscretions is also skyrocketing, as companies are ceremoniously torn apart by the public and media—United Airlines, look away now.
Enterprises must now thoroughly assess and be accountable to their environmental, social, and financial footprints—no matter how far down the line. You can’t outsource responsibility anymore.
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