Impact Investing | February 1, 2022

Corporate leaders to the U.S. government: It’s time to act on climate

Isaac Silk
ImpactAlpha Editor

Isaac Silk

ImpactAlpha, Feb. 1 – A group of businesses including Salesforce, Lyft, and Danone North America have taken out a full page ad in the New York Times calling on Congress and the White House to take immediate climate action.

“We have the solutions to the climate crisis. Federal investment and policy will help bring them to scale,” states the ad, which was paid for by Project Drawdown, a San Francisco-based non-profit that promotes climate mitigation strategies. 

Build back… something?

As President Joe Biden’s Build Back Better (BBB) agenda continues to languish in the Senate, some Democrats in Washington, DC are proposing splitting the social and climate spending bill into multiple smaller packages. Senator Joe Manchin (D – W.VA), who so far has opposed the full bill, has indicated that he is open to striking a deal on some of the climate proposals in BBB.

Climate action.

The ad is meant to provide support for the most ambitious climate provisions that can be achieved within the current legislative environment, according to Drawdown’s Julian Kraus-Polk.

While the business signatories do not share perfect alignment on specific policy fixes, Jamie Alexander, the director of Drawdown Labs, says they all “want to see bold climate policy and investment now – because achieving their climate targets – and the future of the business itself – depends on it.”