IKEA CEO on the ‘massive economic advantages' of climate action [Fortune]
e.l.f. Beauty, Inc. (ELF)
Last e.l.f. beauty, inc. earnings: 2/5 04:05 pm
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Source: Fortune
who would like to back out: “Our transformation has begun and is irreversible,” he told me on the phone from Azerbaijan. “There's no way we would reconsider because of politics.” As for the U.S. and other global governments, he and other “climate CEOs” said in a letter released before the meeting , it's “time for to double down on climate action”, rather than to turn away from it. Yet sadly for Brodin, it's a message that seems to be falling on deaf ears, both in Baku and Washington. In Baku, negotiators of developing countries called the climate finance offered by the EU and other leading economies a “ joke ”, considering them far too low for the transition required. In the U.S., meanwhile, the new Trump administration is almost certain to leave the Paris Agreement on climate change. Why is Brodin staying the course, then, when so many others are falling by the wayside? Perhaps the answer is that the logic of companies such as IKEA, which are “speeding up” their climate act
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