The hard-fought COP26 climate pact sent a clear message to global companies and executives: reassess business strategies and carbon footprints to reap monetary rewards, or lag and risk losses.
The deal announced late Saturday, ending two weeks of fraught negotiations between nearly 200 nations, pushes countries to do much more to curb climate-warming carbon emissions. That pressure will increasingly be imposed on investment and industry to bring emissions associated with their businesses in check.
The Glasgow pact also delivered a breakthrough on rules for governing carbon markets and took aim at fossil fuel subsidies.