The CEOs from BorgWarner, Arrow Electronics, and Lutron explain why leading with purpose means protecting the environment.
The public has high expectations for business leaders and their companies to do good things that improve the world. Protecting the environment is one of those expectations. And an ever-growing number of CEOs are taking on the task and making it part of their core corporate strategy.
Borg Warner’s James Verrier tells Fortune’s Susie Gharib that when he became CEO in 2013 he gave serious thought to what’s commonly called “leading with purpose” and he decided to redefine the vision of the auto parts company. The mission was changed from being a “global products technology leader” to making a “clean energy efficient world.” Verrier says his company changed its focus to design parts that could be used in electric and hybrid vehicles. There was a push to using solar panels and other energy-saving technologies in Borg Warner factories. He says the changes have had a profound impact at Borg Warner: “I can assure you that as we’ve done that and made that transition, people inside the company think differently.”
Read More: Here’s How Business Leaders Can Improve the Environment, by Fortune.