{"id":12923,"date":"2024-10-10T08:20:47","date_gmt":"2024-10-10T08:20:47","guid":{"rendered":"https:\/\/topat10.com\/?p=12923"},"modified":"2024-10-10T08:20:47","modified_gmt":"2024-10-10T08:20:47","slug":"business-puts-climate-action-ahead-of-politics","status":"publish","type":"post","link":"https:\/\/topat10.com\/?p=12923","title":{"rendered":"Business puts climate action ahead of politics\u00a0"},"content":{"rendered":"\n
\n

We wrapped up our gathering of the Fortune Impact Initiative<\/a> yesterday, while Floridians were streaming into Georgia to escape the impact of Hurricane Milton. Atlanta wasn\u2019t at risk, but mayor Andre Dickens told attendees<\/a> that he\u2019d encouraged city residents to work remotely to keep the roads clear. Such is the ripple effect of a storm that\u2019s likely to batter its way across an area with more than $1 trillion<\/a> in commercial properties.\u00a0<\/p>\n

As veteran meteorologist John Morales explained<\/a> days before his emotional weather update<\/a> on Milton\u2019s progression, there\u2019s no question that warming oceans are fueling stronger tropical cyclones. Insurers understand the devastating probable outcomes of climate change, as do investors like Tom Steyer<\/a> and leaders of businesses big<\/a> or small<\/a>. It\u2019s a scientific reality and shared challenge for humanity, resulting in natural disasters that should bring us together instead of being weaponized and distorted<\/a> to tear people apart.<\/p>\n

During a panel discussion about the U.S. election yesterday, I asked the three speakers to rank climate change as a priority issue, from 1 (\u2018it\u2019s not important\u2019) to 10 (\u2018it\u2019s the most important issue\u2019). Georgia State Senator Sonia Halpern, a Democrat, gave a score of 7-8 while Trump senior campaign surrogate Bruce LeVell gave a score of 2. It was Dennis Lockhart, former CEO of the Atlanta Fed, who ranked it highest at 9-10, saying \u201cI think climate is the defining challenge of our age.\u201d<\/a>\u00a0<\/p>\n

That does not mean ignoring other pressing issues or promising opportunities. In Atlanta, corporate leaders discussed how to achieve diversity goals<\/a> amid a public backlash, with Microsoft<\/a> chief diversity officer Lindsay Ray-McIntyre taking inspiration<\/a> from smaller companies. My colleague Kristin Stoller talked about stopping gun violence<\/a> with the families of rap artist Quavo and his late nephew Takeoff. We debated the new KPIs for success with leaders from Goldman Sachs<\/a>, Akoya, EY<\/a>, Colgate-Palmolive<\/a>, L\u2019Or\u00e9al, Gap<\/a>, Dell<\/a>, IBM<\/a>, and others.\u00a0\u00a0<\/p>\n

What\u2019s inspiring is the positive social impact we\u2019re seeing from startups<\/a>, innovation<\/a> and new education models, which is what drives the initiative\u2019s founding partner EVERFI by Blackbaud. Slutty Vegan founder and CEO Pinky Cole came with her husband Derrick Hayes, who founded Big Dave\u2019s Cheesesteaks, both of whom are giving back while building into new markets.\u00a0<\/p>\n

Said author, activist and former Georgia state representative Stacey Abrams in our closing conversation<\/a>: \u201cWe should be talking about protecting each other. How do our stories unite us? What\u2019s the American dream?\u201d More news below.\u00a0<\/p>\n

More news below.<\/p>\n

Diane Brady
diane.brady@fortune.com
Follow on LinkedIn<\/a><\/p>\n

TOP NEWS<\/h3>\n

Zoom CEO emphasizes pivot to AI tools<\/strong><\/p>\n

In an exclusive new interview with Fortune<\/em><\/a>, Zoom CEO Eric Yuan stressed that the video conferencing platform’s future is in developing AI tools for the workplace. Yuan, who claims he works six days a week, says Zoom is uniquely positioned to go up against competitors like Microsoft and Google because of its focus on the workplace.<\/p>\n

Dimon backs Fed’s rate cuts<\/strong><\/p>\n

JP Morgan CEO Jamie Dimon praised Fed chair Jerome Powell this week for the 50 basis point rate cuts that took place last month. He remained skeptical, however, that the Fed will achieve its goal of bringing inflation down to 2% or lower. Fortune<\/em><\/a><\/p>\n

DOJ goes after Google<\/strong><\/p>\n

The U.S. Department of Justice recommended that Google allow web publishers to opt out of appearing in the search engine’s “AI overview” feature but remain accessible by Google search following an antitrust ruling in August. The government agency is also considering stripping Google of its ability to partner with other companies, like it did with Reddit earlier this year, and exclusively exhibit their content on Google. Fortune<\/em><\/a><\/p>\n

AROUND THE WATERCOOLER<\/h3>\n<\/div>\n
This is the web version of CEO Daily, a newsletter of must-read global insights from CEOs and industry leaders. Sign up<\/a> to get it delivered free to your inbox.<\/div>\n\n","protected":false},"excerpt":{"rendered":"

We wrapped up our gathering of the Fortune Impact Initiative yesterday, while Floridians were streaming into Georgia to escape the impact of Hurricane Milton. Atlanta wasn\u2019t at risk, but mayor Andre Dickens told attendees that he\u2019d encouraged city residents to work remotely to keep the roads clear. Such is the ripple effect of a storm […]<\/p>\n","protected":false},"author":626,"featured_media":12924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[123],"tags":[2880,2879,2876,1020,2878,2877],"class_list":["post-12923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-commercial-real-estate-crash","tag-commercial-real-estate-crisis","tag-office-occupancy","tag-remote-work","tag-return-to-office","tag-work-from-home"],"yoast_head":"\nBusiness puts climate action ahead of politics\u00a0 | Unlock Informed Choices with Us<\/title>\n<meta name=\"description\" content=\"Hurricane Milton is a reminder that climate change is the defining issue of our age.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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