Why the Climate Crisis Demands a Shift in Our Systems: Insights from Caroline Ashley – Brighton Journal

Caroline Ashley is a leading voice in sustainable development. With over 30 years of experience, she focuses on integrating business with climate action and social equity. Caroline has worked with various organizations, including DFID and Shell, to promote sustainability in their core strategies.

In her recent chat with Brighton Journal, she shared valuable insights on how businesses can truly transform systems, highlighting the critical role of food and finance in climate efforts.

How do you view sustainability in a time of escalating climate risks?

Caroline emphasizes that businesses need to rethink sustainability as a strategic must rather than a risk. She points out the growing threats from climate change, such as heat stress in India, stressing that societal disruptions are on the horizon. If large populations can’t sustain their livelihoods or if land becomes unproductive, the entire business landscape will drastically change.

She notes that many businesses assume their insurance will cover losses from these disruptions. However, as climate events increase, many risks may not be insurable. This realization should push companies to act proactively rather than reactively.

What’s the biggest change a business should consider?

Caroline believes understanding one’s responsibility in driving change is crucial. The focus shouldn’t just be on doing better than last year or outpacing competitors. Businesses should aim to be part of a larger movement toward systemic change. She argues that if leaders fail to commit to this vision, superficial sustainability measures won’t suffice.

Why are food and finance critical in this discussion?

Caroline regards food as central to social and environmental issues. Billions worldwide rely on agriculture. Yet, agriculture often receives minimal support, leading to low incomes and neglect of environmental impacts. It’s crucial for food systems to transition to sustainable practices, especially as they significantly contribute to greenhouse gas emissions.

On the finance front, Caroline notes a shift in how finance is approaching climate change. Impact investing, once a niche practice, has gained traction. Financial institutions are starting to recognize their role in shaping business decisions and driving sustainable practices.

How can we ensure equitable climate transitions?

Caroline emphasizes that inclusive change is vital. Without equity, long-term change is unlikely. Historical protests against seemingly small policy changes demonstrate that any transition must work for all people. Addressing deep-seated inequalities alongside economic restructuring is essential for a just transition.

How does the current cost-of-living crisis affect sustainable consumption?

Caroline acknowledges that sustainable options are not affordable for everyone. Many people struggle to justify the price of sustainable products. However, she argues that existing subsidies favor unsustainable industries, and reallocating these subsidies could make sustainable products more accessible. Addressing systemic issues is key to ensuring everyone can afford sustainable choices.

In summary, for a genuine transition toward sustainability, businesses must embrace a holistic approach that fosters fairness, addresses climate change, and enhances social equity.

This conversation with Caroline Ashley highlights the significant intersections between sustainability, business strategy, and social responsibility.

For further reading on the role of finance in sustainability, check out this article.

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