Twelve years ago, Hurricane Katrina ravaged New Orleans. Eleven years ago, Walmart launched its sustainability initiative, deeply affecting how business has been done since then. It wasn’t a coincidence.
Will Today’s Devastating Weather Change Business the Way Hurricane Katrina Did?
Walmart’s post-Katrina transformation saved the company billions.
September 13, 2017
Summary.
From major storms to rising temperatures and sea levels, climate change has already begun to irrevocably alter how businesses operate. In this piece, the author describes how Walmart transformed its sustainability initiatives in the wake of Hurricane Katrina. He then goes on to provide several key questions that business leaders should ask themselves to prepare for the not-so-distant future, including how their assets in low-altitude locations will fare in the coming years, whether their carbon emissions targets aggressive enough, whether they should be more politically, and more. To face this crisis, businesses will need to step up and take action — before it’s too late.