March 29 2021
by Hank Boerner – Chair & Chief Strategist – G&A Institute
At certain times, an unknown unknown may strike, rapidly triggering a serious crisis situation. Think of a tsunami or earthquake.
Many other times the crisis situation occurs and there are at least a dozen, maybe even dozens of precursor events or activities that over time / if neglected by leadership set up the going over the cliff situation.
The G&A Institute team members have collectively helped to manage literally hundreds of critical events or crisis situations over the years for corporate, fiduciary, social sector and other clients.
Alas, we have seen many critical issues and/or events spin into dramatic crisis situations over time — but none with the scale of the dangers posed to humanity and planet by climate change. Ignoring this is not an option for humankind.
The crisis situations that can be pretty accurately projected or forecast are often years in the buildup.
Leaders may ignore unpleasant situations until things do spin out of control. There is the powerful human capacity for denial – this can’t be happening / this won’t happen / there are slim chances that “this” will go wrong, and we will lose control of things.
Until things do go terribly wrong.
Think of the September 11th 2001 terrorist attacks – 20 years ago this year.
What could have been to prevent these? Read the many pages of the report on the attacks published by the US government — you will see page-after-page of factors that illustrate the points made here.
Or, the damages of Hurricane Katrina. Things were going well in New Orleans – until they were not.
There is the unbelievable, tragic opioid epidemic in the USA. Was anyone tuned in to the unbelievable flow of opiods in the State of West Virginia and other locales? Many many doses per resident – who was consuming them and why?
Right now – there is the still-out-of-control, worldwide Covid pandemic. There will be abundant case histories published on this in the years to come.
Think about the Exxon Valdez oil tanker spill crisis in vulnerable Alaskan waters 30 plus years back — and what could have been addressed in preventative measures. (We did numerous corporate management workshops on this event, walking through two dozen clearly-visible precursor events. One factor impacted another than another. And another.
Think about what could have been addressed up front to address these situations and other classic crisis situations well ahead of time to prevent or limit the human and physical costs. The good news?
We have time today to address the unbelievable potential harm to human and widespread physical damages that we will see in the worst cases in global climate changes.
It takes recognition of these serious risks and dangers, the political will to act, widening public support of the leaders’ actions, and considerable financial investment. So – ask yourself – are we on target with limiting of damages, mitigation for the worse of possible outcomes, and most important, in taking prevention strategies and actions?
Each of us must answer the question and then take action. The encouraging news is that collective action is now clearly building in volume and momentum – that’s the focus of some of the Top Stories we selected for you in the current newsletter. There are valuable perspectives shared in these stories.
The world stands at critical point, said UN Deputy Secretary-General Amina Mohammed to European Parliament Vice President Heidi Hautalan, referencing the 2030 Agenda for Sustainable Development.
The United Nations is working to strengthen its partnership with the EU to deliver on the 17 Sustainable Development Goals (SDGs – with 169 targets for action). “The work is more urgent than ever” was the message. This is the decade for multilateral engagement and action – we are but nine years away from a tipping point on climate disasters.
Many companies in North America, Europe, Asia-Pacific and other regions have publicly declared their support of the SDGs – but now how are they doing on the follow up “action steps” – especially concrete strategies and actions to implement their statements (walking-the-talk on SDGs)?
The Visual Capitalist provides answers with a neat infographic from MSCI; the powerhouse ESG ratings & rankings organization sets out the SDG alignment of 8550 companies worldwide.
Are they “strongly aligned” or “aligned” or “misaligned” or “strongly misaligned”? Looking at this important research effort by MSCI, we learn that 598 companies are “strongly misaligned” on Responsible Consumption and Production” (Goal 12) – the highest of all goals.
Could we as individual consumers and/or investors and/or employees of these firms help to change things in time? (Back to the proposition — Think about what could have been addressed up front to address these situations and other classic crisis situations well ahead of time to prevent or limit the human and physical costs.)
Are we willing to make tough decisions about these enterprises – about the climate crisis overall?
And this from the world’s largest asset manager, BlackRock: The firm will push companies to step up their efforts to protect the environment from deforestation, biodiversity loss and pollution of the oceans and freshwater resources. T
his from guidelines recently published by the firm, including the readiness to vote against directors if companies have not effectively managed or disclosed risks related to the depletion of natural capital – the globe’s natural resources.
President Joe Biden, in office now for just over two months, has a full plate of crisis, pre-crisis and post-crisis situations to deal with.
Intervention is key, of course, President Biden and VP Kamala Harris have set out the “Climate Crisis Agenda” for our consideration. One of the big challenges? Our oceans – and the incoming head of the National Oceanic and Atmospheric Administration (NOAA) will be on point for this part of the agenda.
NPR Radio had interesting perspectives to share on the warming of the oceans and what can be done to prevent further damage.
We bring you the details of all the above in our selections of Top Stories for this week’s newsletter. Of course, there is action being taken. Is it enough to prevent global disasters as the climate changes?
Your answers and actions (as well as “ours”) can help to determine the answers!
TOP STORIES for you…
- World stands at critical moment to deliver on 2030 Agenda (Source: Modern Diplomacy)
- BlackRock steps up drive to protect natural environment (Source: Financial Times)
- UN Sustainable Development Goals: How Companies Stack Up (Source: Visual Capitalist)
- One of Biden’s Biggest Climate Change Challenges? The Oceans (Source: NPR)