It is no secret that climate change is a global crisis caused by human activities. Businesses are a significant contributor to the emission of greenhouse gases, through the supply chains, energy consumption, operations, etc.
In recent years climate change awareness and activism have reached new heights with the 2015 Paris Agreement setting climate targets for 2030, the need for actions to reduce the impacts and risks of climate change has become paramount.
Besides being important contributors to climate change, every business, in turn, will also be impacted by the effects, directly or indirectly. These effects include water scarcity, supply chain shortages, extreme weather events, detrimental changes to their markets, cost of operations, investor trust, and product quality & services.
Amidst the turmoil and confusion caused by climate change, it is possible to convert these challenges into new opportunities and make profits.
These opportunities include, but are not limited to:
From small businesses to big MNCs, everyone can make a difference. By sharing best practices and understanding the need to scale up sustainable solutions, we can hope to create a solid collective impact.