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Google, Facebook, and other major companies are taking a page from Al Gore's book and putting their money where their mouth is in regard to climate change.
In a white paper released Tuesday, the companies outline a series of steps they plan to take to address water scarcity, climate change, and biodiversity, Business Insider reports.
"Water and nature must be elevated to the same level of importance as carbon," the paper states.
"The most significant economic opportunity of our generation is the transition to a lower-carbon, nature-positive, and regenerative-future andintegrating biodiversity targets based on a thorough understanding of our impacts on the natural," the paper states.
Google, Facebook, and other companies outline three steps they plan to take: "Integrate water, nature, and climate into their core business models," the paper states.
"They should also explore new business opportunities that arise from climate, water, and nature whether through market-entry strategies, new products and services, or mergers and acquisitions."
develop innovative funding and investment strategies.
"Green and blue bond investments and public-private partnerships are essential tounlocking the capital required for large-scale initiatives that address water, nature, and climate issues," the paper states.
"Perhaps most importantly, corporations must lead in
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