Businesses around the world should halt arguing over climate change and instead capitalise on environment-friendly opportunities arising out of it, according to Anand Mahindra.
“I don't intend to get into whether climate change is a real debate and who is guilty,” Mahindra, head of the automobiles-to-software Mahindra Group, said at the 2019 Bloomberg Global Business Forum in New York.
His conglomerate's major's bets in the last five years on sustainability segments, such as solar power and organic waste-to-energy solutions, have been among the fastest-growing verticals, according to him.
Mahindra Susten Pvt. Ltd., a subsidiary of the group's renewable energy arm, offers solar solutions, while Mahindra Waste To Energy Solutions Ltd. focuses on converting organic municipal and agricultural wastes to biogas and organic fertilisers.
This (climate change) is the biggest profit opportunity for business people in the next few decades. Why are we even wasting time arguing who is right or wrong—whether it's a 16-year-old or the U.S. president?Anand Mahindra, Chairman, Mahindra Group
Climate change took the centre stage at United Nations earlier this week after Greta Thunberg, a 16-year-old environmental activist, accused world leaders of robbing her generation of a future by focusing on money and not on fighting global warming. Last week, students and youth led protests worldwide demanding action on global warming.
Watch the full panel discussion with Anand Mahindra, Blackstone Group Chief Stephen Schwarzman and Bank of America CEO Brian Moynihan here.
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