Greenbacks and the green economy: Ecology is good business

Categories: Latest News

May 20, 2015

Former Mexican President Felipe Calderon, chairman of the Global Commission on Economy and Climate, center, and Cardinal Peter Turkson, president of the Pontifical Council for Justice and Peace, attend a conference on climate change at the Pontifical University of the Holy Cross in Rome May 20. (CNS photo/Paul Haring) See VATICAN LETTER May 20, 2015.

Former Mexican President Felipe Calderon, chairman of the Global Commission on Economy and Climate, center, and Cardinal Peter Turkson, president of the Pontifical Council for Justice and Peace, attend a conference on climate change at the Pontifical University of the Holy Cross in Rome May 20. (CNS photo/Paul Haring)

VATICAN CITY (CNS) — Consumers want products that are environmentally friendly, and businesses that are not on board are already starting to feel the pinch, said the CEO of the multinational Unilever.

Paul Polman, CEO of the company that owns brands like Lipton, Ben & Jerry’s and Suave, told a Vatican-sponsored conference that “the cost of inaction (on climate change) is starting to exceed the cost of action.”

As a small example, he said, people in communities facing regular power outages cannot keep his products in their freezers, and severe water shortages mean they don’t take showers as often, so shampoo sales decline.

Read more in The Visitor…