Many of us understand the steps we need to take to mitigate the long-term effects of the climate crisis.

Yes, we've tried to implement more sustainable practices into our personal lives, but is that truly impactful?

Experts suggest that we need to combine individual action with systemic change to make the most impact.

That means taking a hard look at our businesses

and organizations and seeing what kind of impact we can make there too. But even some of the

most well-intentioned businesses fail to transform their climate commitments into meaningful

outcomes. And that's because capitalism and environmentalism are often pitted against each other.

But does that always have to be the case?

How do we break through and actually make a difference?

I'm Madhupacanola.

This is Ted Business, a podcast from TED.

Our speaker today, sustainability investor Steve Howard, is here to deliver hard truths

about the relationship between capitalism and climate.

He wants to give us all a clear-eyed look at how to move beyond short-term answers

and learn to make long-term solutions.

Then after the talk, I'll hone in on one of his suggestions. But first,

a quick break. And now Steve Howard takes the TED stage. How can capitalism help solve climate change?

I'm Steve Howard and Vice Chair Sustainability, a global investment firm Tamasek.

I've been wrestling with this question for about three decades.

I was formerly, I was Chief Sustainability Officer at IKEA.

I've helped set up several climate change organizations,

WeMe Business Coalition, the Climate Group, and recently TILT Collective. And I've come to

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