How businesses are prioritizing innovation to catalyze climate solutions

illuminem summarizes for you the essential news of the day. Read the full piece on Time News or enjoy below:

🗞️ Driving the news: At the inaugural TIME100 Climate Leadership Forum, sustainability strategists from leading companies discussed how innovation is key to building climate solutions
• Executives from L’Oréal, Cisco, Dow, GSK, and American Family Insurance shared insights on decarbonization, corporate responsibility, and public-private partnerships

🔭 The context: The private sector is expected to contribute 80% of the $3-5 trillion needed for climate action
• Companies are focusing on integrating sustainability into corporate culture and leveraging innovation to meet ambitious climate goals

🌍 Why it matters for the planet: Businesses play a critical role in addressing the climate crisis by prioritizing sustainable technologies, collaborating across sectors, and influencing policy frameworks to create a more resilient future

⏭️ What's next: Leaders stressed the need for stronger public-private cooperation and transparent sharing of sustainability successes and challenges, especially in the context of upcoming elections and evolving regulatory frameworks

💬 One quote: “We should just rapidly be sharing what’s working and what’s not,” said Mary de Wysocki, Cisco’s Chief Sustainability Officer

📈 One stat: 80% of the $3-5 trillion required for climate action must come from the private sector

Click for more news covering the latest on corporate sustainability