The deal is done. The Paris Agreement reached last weekend sees its signatory countries signing on to address climate change. But what does that mean for businesses? Sarah Cliffe of the Harvard Business Review recently spoke with Harvard Business School professor Forest Reinhardt about the business world’s perception of sustainability. Here are some notable excerpts from their conversation.
• Historic understandings of climate change: “There are always people who see environmental issues as sources of additional short-run costs and who focus on minimizing those costs,” explains Reinhardt. And then there are those who view it as economically sound to use natural resources as efficiently as possible. He says both groups exist in all periods, industries and geographies.
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