Impact of Climate Change on Business and Ways to Reduce Carbon Footprints

BUILDING A SUSTAINABLE ORGANIZATION 1

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................1

INTRODUCTION
Climate change can be defining as increase in temperature and weather patterns as well as it
threatens people with food and scarcity, increase in flooding and economic loss. Due to drastic
change in climate people are migrating and it is creating conflicts (Nordhaus, 2019). Although it
major problem in long term world and it need to be control so that its negative impact can be
reduce. The primary reason for climate change is greenhouse effects and human activities
through industrialization. Business has become of climate change as for satisfying the needs and
wants of customer it tends to realise the carbon emission while producing goods and services.
The present report will discuss about climate change and its impact on business as well as ways
through which organization can reduce their carbon foot prints.
MAIN BODY
Climate change is a threat to international security and policymaker and the public need to
understand that changes in climate has been creating threats as well as direct effects of change
are melting glaciers, rising level of sea, thawing perm afro and hotter heat waves. This effect is
also dangerous for human beings like fishery collapses, crop failure, water insecurity that has
lead in mass migration. Although climate is not just environmental issues but it is also impact on
business around the world and it will continue to have that impact (Rolnick and et.al., 2022).
Some of the ways in which climate can impact organization such as increased risk due to
extreme weather and it include storms, flood, drought and heat waves as well as it leads in
extreme financial and physical damage. Thus, due to increased risk the insurance cost of many
companies will rise as well. Moreover, the extreme weather events disrupt supply chain that lead
in getting the material and resources for business more challenging. In addition to this, due to
change in weather pattern it may cause a shortage of crops used for food and other products.
Furthermore, rising electricity and transportation expenses also increase the cost of moving
goods as well as regulatory restriction on goods linked to climate change and also increase cost.
Thus, scarcity on resources could will drive companies to make use alternative material and
recycle more waste (Malhi and et.al., 2020). Moreover, due to change in climate there has been
shift in demand such as demand for heating oil will decline as well as demand for other winter
goods. After pandemic most of the customers are prioritizing sustainability in the products they
buy and demand has been shifting towards environmentally goods. The change in climate has