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Tag: billionaires fighting climate change

  • Top 6 Billionaires Tackling Climate Change

    The world has evolved and is still in the process of evolving. We are surrounded by technology and have our hands on things that are making our life easier. However, the more we have evolved, the more we started ignoring nature. This has resulted in drastic climatic change, so much is that we are losing 149 billion metric tons of ice in Antarctica. This has led to the rise of the global sea level in a big way, and researches shows that by the year 2050 big populated cities will get under the water.

    Now, the richest and wealthiest people have also contributed to climatic change. The richer they are, the more their carbon footprint increase. Reports claimed that half of the global emission is caused by the 10% wealthiest people in the world. Nw, with great power, comes great responsibility. This rare planet now needs to be saved. We do not have a planet B. Fortunately, some of these wealthy people are aware of what their actions are doing to the world. So all of them are doing their part to save the planet. In this article, we will talk about some billionaires and what they are doing to tackle climate change. So without any further ado, let’s get started.

    Jeff Bezos
    Elon Musk
    Bill Gates
    Bernard Arnault
    Mark Zuckerberg
    Larry Ellison

    Jeff Bezos

    The second richest person in the world and the founder of E-commerce giant Amazon, Jeff Bezos is clearly aware of what carbon emission is doing to the world. To counter the situation, Jeff Bezos along with Amazon has started an initiative known as The Amazon Climate Pledge, it is signed by other 104 corporations and its main target is to achieve net-zero carbon emission by the year 2040. Apart from that Bezos also has set up a fund called Bezos Earth Fund. Amazon also has a climate fund of $2 billion and this will be invested in new unique technologies that are needed to make a zero-carbon economy. In his Bezos Earth Fund, it is $10 billion and already 16 groups that working on climate change are given $790 million.

    Elon Musk

    There is hardly anyone who isn’t aware of this person, Elon Musk is currently the richest person in the world with his company like Tesla and SpaceX. He is now the owner of the popular social media site, Twitter as well. From the very first, this person is aware of what Carbon emission is doing to our world.  His company Tesla is an electric carmaking company which is an alternative to fossil fuels. His company is known for energy-saving and also for avoiding waste.  In 2021, Musk donated $100 million to an NGO called XPrize. XPrize has hosted a competition of four years through which they pledge to find a solution to achieve the removal of 10 gigaton carbon removal target per year by 2050.

    Bill Gates

    Bill Gates is not only known for his wealth but also for his philanthropy, the founder of the popular multinational tech company Microsoft. Gates is very much aware of the climate change issue the planet faces and has always spoken about its drastic consequences. Being that upfront about climate change, his company Microsoft took many steps to save the planet. In 2019, Microsoft pledged and set a target to source 100% renewable electricity by the year 2030. It has also decided to cut greenhouse gas emissions by 2030 as well. Bill Gates has already authored a best-seller known as ‘How To Avoid A Climate Disaster’. Apart from Microsoft has taken a big challenge of being carbon negative by the year 2030. Microsoft is also part of Amazon’s Climate Pledge and has signed it.

    Bernard Arnault

    The French business Tycoon Bernard Arnault is the chairman and CEO of the biggest luxury goods company LVMH. Some of the biggest luxury brands like Louie Vuitton, Dior and Sephora are under this. Under the directive of Arnault, LVMH has its own program called  LVMH Initiatives For the Environment (LIFE) program, it has decided a target to achieve the use of 100% renewable energy and eradication of fossil-based plastic use in packaging by 2026. Apart from that, LVMH claimed to achieve their goal of  25% reduction of carbon emissions by 2020, in fact, they reportedly surpassed 37% of carbon emissions 12% more than their target.

    Mark Zuckerberg

    The man behind the biggest social media platform, Facebook and the company Meta is Mark Zuckerberg. Meta in 2021 said that it has reached its target of net-zero of carbon emissions and energy that it has purchased. In 2019, it was one of the largest buyers of renewable energy and is also on the path to investing funds in the projects of carbon removal and nature-based compounds. Zuckerberg along with Meta is focusing on sustainability and is working to tackle the impact of climate change in the world.

    Larry Ellison

    Larry Ellison is the co-founder and the former CEO of Oracle Corporations. The Oracle Corporation has always believed in sustainable business and has several sustainable goals. Larry Ellison started the SailGP catamarans race in the year 2018, it is to be the first climate positive sport. Its main slogan is ‘Powered by nature’ and has set a target to be 100% charged by renewable energy sources by the year 2025. Apart from that, Ellison has also bought a Hawaiian island and has pledged to turn the island into a place of clean energy. He brought the island in 2012 for $300 million.

    Conclusion

    With the threat of global warming rising every day, the planet is in danger. There are companies that are playing a big role in the increase of global warming as they are producing carbon emissions. The Billionaires are now taking responsibility and are coming forward by initiating new projects and taking part in sustainable development programmes to save the planet.

    FAQs

    Who is the richest person in the world?

    Elon Musk is the richest person in the world.

    Who is Jeff Bezos?

    Jeff Bezos is an American entrepreneur and the founder of the biggest E-commerce platform Amazon.

    How much CO2 does the world produce?

    Approximately, the world produces over 43 billion tons of carbon emissions every year.

  • Sustainability in Business –Importance, Benefits, and Challenges

    For any business holder, managing environmental factors like trade practice, policies, channel partners, competition and regulations becomes very tacky as well as lengthy. As being the conventional business environmental factors, these are necessary to manage and look for.

    From CEO to small business owners, these factors took great hours for processing and resolving any upcoming issue. Addressing these factors helps to run the business more smoothly.

    When we look up to a bigger figure of the macro-environment, other facets also combine and affect the business. These factors could be our society, universe, and even the economic conditions of our country. These macro-environmental factors join a straight and precise connection with the business.

    Any business requires various resources in order to manufacture its specialized products and satisfy the demands of its audience. In order to do so, it needs to work functionally with these factors around. But the actual question that arises here is, how does the business manage to safeguard its two major survival dependence categories? And here comes Sustainability in Business! In this article, we have briefly discussed the importance, challenges, and benefits of Sustainability in Business. Let’s get on with it!

    What is Sustainability in Business?
    Importance of Sustainability in Business
    Benefits of Sustainability in Business
    Challenges that occur in the Sustainability of businesses
    FAQ

    What is Sustainability in Business?

    Sustainability in Business basically refers to the effects various companies hold over the environment or society. It optimizes strategies to impact these affecting areas and helps to deal with some of the major concerning issues around the world, positively.

    We have listed down some of these major concerning issues that sustainable business strategies help to deal with. These are:

    • Income inequality
    • Human right issues
    • Pollution
    • Fair working conditions
    • Climate change
    • Depletion of natural resources
    • Racial injustice

    A business can only keep up with its sustainable business strategies if it functions very well financially. These would do good only if your business is doing great from all aspects. That’s to build up a strong business strategy.

    Importance of Sustainability in Business

    In most simple words, Sustainability is essential to safeguard the diversity of life on earth and the ecosystems intact for us as well as for our future generations.

    When we address the major environmental issues, we preserve the quality of life and ecosystem. As we reduce the dependence on fossil fuels and address the abrupt climate changes, we safeguard and prosper the lives of humans along with animals and plants species.

    It’s essential to attend to these changes so that we don’t destroy the basic root of the environment. This could only be done by comprehending and aspiring for sustainability. It is essential in our houses, ecosystem, communities, and the whole world.

    According to studies and former records, human-caused extinction rates of plant and animal species are much higher than that of natural rates.

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    Benefits of Sustainability in Business

    Heighten brands image

    A company or brand only functions according to its customers. They intend to provide what the customers are looking for, in order to live in the market. That’s why we often come across advertising campaigns by prominent companies and brands where they work on various environmental components such as water conservation, selling tea in a biodegradable bag, reduction of carbon emissions, and usage of recycled paper in packaging. They basically address these to portray a positive image among the customers.

    Few of these factors are propelled as USPs, implying a strategic attempt for making a favorable impression on customers by respective companies.

    Gather more investors

    For any business (big or small), raising funds and investments is very crucial as it leads to the expansion of the company. Along with the usual findings from banks and financial institutions, many companies approach investors to expand their networking. And companies that have a good sustainability strategy gather more investors usually.

    Investors often seem for companies that not only focus on their revenue sources but also, on the development of society and the environment. Investing in such companies portrays a good impression of the investor in the marketplace.

    Companies with sustainable strategies function remarkably with their products and services. Customers prefer such products over others more vibrantly. Thus, businesses grow and gather more investments.

    Cost and production

    Sustainability brings major advantages to your costs and production. As you’d be using energy-efficient lighting or for a furnace, you will probably prefer bio-fuel. Through this, you will be saving a lot in operating costs for your company.

    On a large platform, savings like this turns out to be substantial. Besides, covering factory effluents before their release could save you from legislative liabilities.

    When it comes to helping and managing the micro-environment, your productivity grows very well.

    Better Retention of employees

    According to surveys, collaborating the sustainability agendas with organizations and firms is a major game-changer for companies. In fact, companies often practice dozens of such programs in order to gain better retention of employees.

    Challenges that occur in the Sustainability of businesses

    Sustainable program management

    Sustainability is considered among the corporate issues that need to be monitored at the highest management level or level of the company’s owner. This is because incorporating changes in the operational system of the company could turn out in a challenging form for businesses. So, managing sustainability is essential.

    Management of sustainability becomes quite tacky for companies as managing the overall performances through instruments and measuring parameters is a difficult challenge for them.

    Cost investment

    Managing sustainability becomes pretty expensive sometimes and adds some major costs involved in its programs and campaigns. Because of this, companies often find it very challenging to gather their initial funds in order to meet the expectations of sustainability.

    Creating Reports

    For any business, monitoring it from all aspects is very necessary. And this is entirely done by creating reports. Companies often design their specialized reporting methods to keep up with the regular monitoring of sustainable initiatives. But, companies commonly involve sustainability issues in their financial reporting which causes great diversion on the company’s focuses.

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    Conclusion

    Today, organizations and firms are working towards addressing the concerning environmental issues through their campaigns and programs. Because of this, sustainability becomes a gradual figure for many companies’ modification and turns out as a mandatory business strategy that is essential for companies to move forward with.

    Although sustainability comes with many challenges, but it’s final outcome is always productive and positive. Besides its challenges, Sustainability has great benefits for society as well as for companies.

    FAQ

    What does sustainability mean for a business?

    Sustainability in a business means a business that has minimal negative impact on environment.

    What is an example of sustainability in business?

    Reducing waste, preventing pollution and conserving water are some of the examples of sustainability in business.

    Why is sustainability important to business?

    Sustainability has a lot of benefits in business such as it heightens brand image, attract investors, and creates new opportunities.

  • What will be the Net Worth of Bill Gates after his divorce

    On 3 May 2021, Bill Gates and Melinda French Gates had announced that they were ending their 27 years of marriage. Bill Gates is the co-founder and the former CEO of Microsoft whereas his wife Melinda French Gates is one of the most powerful women in the world. Let’s look at what would be the net worth of Bill Gates after the divorce as he is one of the richest men in the world.

    About the Divorce
    Net Worth of Bill Gates
    Cascade Investment
    Other holdings of Bill Gates
    Dividing the Wealth
    FAQ

    About the Divorce

    The couple had announced on 3 May 2021 that they have planned to end their 27 years of marriage life. Bill Gates and Melinda French Gates conveyed through Twitter that they had come to the decision to end their marriage after a great deal of thoughts and a lot of work on their relationship.

    Bill Gates Tweet
    Bill Gates Tweet

    They added that they have raised 3 incredible children and also worked together to build a foundation that works across the globe which will enable all people to lead productive and healthy lives.

    Net Worth of Bill Gates

    Bill Gates is one of the richest men around the globe making him one of the world’s richest billionaires. A global high net worth data and intelligence company called Wealth-X has estimated the net worth of Bill Gates to be around USD 134.1 billion.

    The success of Bill Gates had begun with Microsoft. But as of now, He has just 19.6 % of his wealth through the shares of Microsoft. According to Wealth-X, the amount added to Bill Gates’ net worth through Microsoft is estimated to be around USD 26.1 billion.

    The majority of the money of Bill Gates is now tied up with Bill and Melinda Gates Foundation but the exact value is not yet revealed. Bill Gates has also joined with Warren Buffet where they together founded the Giving pledge which asks the billionaires to give away more than half of their wealth to philanthropy.

    All these have been a hurdle in the division of wealth between Bill Gates and Melinda Gates making it much more complicated. They have separation agreements but it is seen that the terms have not yet been made public according to the court documents.

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    Cascade Investment

    The Cascade Investment is considered to be one of the biggest assets of Bill Gates. He funded the company with the amount he received after the sales of Microsoft’s stock. According to Wealth-X, his investment in Cascade has a valuation of around USD 30 billion. This accounts for around 22 % of his net worth.

    Through Cascade Investments Bill Gates has shareholdings worth of billions of dollars in different companies such as Deere and Company of around USD 11 billion, Canadian National Railways of around USD 11 billion and Diageo of around USD 1.6 billion.

    Through Cascade investment Bill and Melinda Gates Foundation trust reportedly own stocks.

    Other holdings of Bill Gates

    The real estate portfolio of Bill Gates is considered to be worth multi billion dollars. According to Wealth-X, his portfolio is worth more than USD 160 million. Some of his valuable real estate investments include a lakeside home in Washington of around 66,000 square feet, 30-acre estate in Florida, two additional properties in California and so on. He also has a private island called Grand Bogue Caye in Belize.

    Bill Gates House
    Bill Gates House

    The car collection of Bill Gates is estimated by Wealth-X to be around USD 650,000 and an extensive art collection estimated around USD 130 million which includes some works of Leonardo da Vinci. His car collection includes brands such as Porsche, Jaguar and Ferrari.

    Other than these over the years, Bill Gates has provided billions of dollars to their foundation that is Bill and Melinda Gates Foundation.

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    Dividing the Wealth

    Monica Mazzei who is a divorce attorney reacting towards Bill and Melinda’s foundation and family offices has said that the decision will depend on what extent both of them are planning to work together.

    She said that even in the friendliest divorces she has seen the preference has always been to split the foundation into two so that there are fewer chances to mingle with each other and more freedom for each other. She said that the same was applicable to the family offices as well.

    There are certain predictions that the assets may be divided into halves. The law of Washington states that any asset which is acquired during a marriage is equally owned by both the partners. But it does not mean exactly half, the court can allocate it according to what is just and right. According to Forbes, if the Bill gates and Melinda split their fortune equally, Melinda would be worth approximately $65.25 billion.

    FAQ

    What is Bill Gates wife worth?

    According to Forbes, if the Bill gates and Melinda split their fortune equally, Melinda would be worth $65.25 billion.

    What is the Net worth of Bill Gates?

    The net worth of Bill Gates is 13,050 crores USD.

    What is Bill Gates IQ?

    The IQ of the Bill Gates is 160.

    Conclusion

    Since Bill Gates and Melinda Gates have clarified that they would be working together in the foundation and asked to provide some space and freedom, we will have to look forward to how the wealth will be divided among them.