this post was submitted on 26 Sep 2023
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The drivers for change are multifaceted, as you point out. One of the main drivers for big corporations are there reputation because it directly affects their long-term profitability. Other drivers include things like shareholder perception which is also linked to their reputation. You see this a lot in mining, where companies like TECK are splitting or offloading coal investments because of public and shareholder perception. Perception also plays a role in regulatory approvals for mines as well, which ultimately can dictate their approval and how they operate. At some mines there are now electric mining trucks or electric assisted mining trucks that are more fuel efficient because of perception but also because of fuel costs. When multiple drivers come together, it creates change.