Impact of Climate Change on Businesses

Individual Report

TABLE OF CONTENTS
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6
INTRODUCTION
Climate change is the threat to the people with solid food and water scarceness, increased
flooding, intense heat, increased amount of disease and economic losses. It is also considered to

be the factor that affects the business both directly and indirectly. Climate is inextricably linked
to the society and this is the reason it affects all the business in the world.
MAIN BODY
Climate change has been recognized as the factor that has allowed the organization in
order to be able to continue with the larger effect that is going forward. In the most outstanding
ways in which the climate change works it has been able to consider the following,
Increased risk due to the extreme weather :
Due to the increased level of risk the weather is also considered to be the factor that
allows the business to gain the weather events that also includes the disruption, floods, droughts
and heat waves (Nambiar, 2019). In the coming years it has been found from the research that
the disruption of the operations of the business can also cause the extreme financial and physical
damage that can cause the weather to be extreme financial and physical damage. It can be said
that the weather is also the result of the direct reason that it creates climate change that increases
the risk, insurance costs for the many organizations also tends to increase.
Changes in Resource Availability and Cost :
It can be said that the extreme weather condition events have the possible of disrupting
the supply chain making acquiring the resources and substantial businesses face more challenges.
Due to the climate changes the business faces major issues related to the dangerous drought and
weather that is the pattern which changes and can also be the reason for causing shortage of cross
that are sued for the food products. Increase in the demand of electricity will also take place due
to the transportation expenses and it would also high the cost for going goods, regulatory
restrictions that are linked to the climate changes that can also grows the costs resources
insufficiency and also would drive companies to utilize the secondary material and recycle more
waste (de Abreu and et.al., 2021). This is the reason why climate change impacts the business in
the 21st century.
Changing Demand :
Due to the changes in the climate there is a significant change in the global temperature
that increases for example, demand for energy, oil and other fuel will also decline and also will
decrease the demand for winter goods. It is also considered to be the factor. This is also
considered to be the changes in the demand which is also helpful for the businesses to be able
prioritizes their operations towards the sustainability in the product. The shift in the demand