BlueSky Thinking Summary

According to Meghan Busse, a strategy professor at Kellogg, the climate crisis facing the world today needs leaders from all industries to act now.

With rising temperatures, companies will have to create a "climate-capable leadership mindset" if they are to meet such challenges head-on.

That starts with recognition of the severity and urgency of the climate impacts, which typically requires leaders to shift far beyond simple awareness and into firm action.

Sustainability cannot be reduced to some officers;

it requires empowerment and integration of all functions—from finance to R&D—to innovate effectively and mitigate risks.

Equally, policy change should be made in order that short-term profit can align with long-term sustainability.

Busse argues for framing climate investments as high-risk, high-reward opportunities, like pharmaceuticals or venture capital, where innovation and long-term growth can be gained.

Ultimately, companies have to accept changes that are at least as deep in transformational terms as the Industrial Revolution and hence use such challenges as an opportunity for sustainable development.

Are you ready to guide your organization through the climate crisis? Meghan Busse shares a critical framework for not just riding out the storm of climate change but charting new paths for business growth.