How Can Business Deal With Climate Change?

The video discusses the dual risks between businesses and the environment, emphasizing that companies face risks from environmental changes and regulations. It highlights benefits beyond financial gains, such as brand strength and efficiency, when companies exceed compliance. The video also explores business-to-business pressures, using Walmart as an example, and how leadership and goal setting can drive sustainability and innovation.

What is the dual nature of risks discussed in the first section?

• Risks posed by technology to the environment

• Risks posed by consumers to companies

• Risks posed by companies to the environment and vice versa

• Risks posed by the government to companies

What is one of the clear benefits for companies that go beyond compliance with environmental regulations?

• Decreased brand value

• Higher employee turnover

• Reduced energy and waste costs

• Increased tax rates

How does Walmart create competitive pressure among its suppliers?

• By offering higher prices for products

• By demanding superior environmental performance

• By reducing the number of suppliers

• By increasing delivery times

What is a key strategy for leaders to address environmental challenges?

• Ignore regulatory changes

• Focus solely on short-term profits

• Set ambitious goals to spur innovation

• Avoid setting goals

Why is goal setting important for companies according to the third section?

• It helps in avoiding competition

• It limits company growth

• It reduces employee engagement

• It spurs innovation and creativity