Climate Change and Business Sustainability: Reducing Carbon Footprint

This report discusses the impact of climate change on businesses and how it affects the environment, society, and the business itself. It also elaborates on the carbon footprint and how businesses can reduce it by implementing sustainable practices. The report highlights the importance of using renewable energy, recycled resources, and choosing sustainable suppliers to build business sustainability and enhance corporate financial performance.

Individual report

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Climate change is problematic for the business and reduce the carbon footprint:......................3
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................1

INTRODUCTION
Sustainable organization is important for the every organization for enhance the business
development as well as boost the bottom line of the business which helps in make the business
more sustainable in the competitive environment. The building business sustainability is
beneficial in the developed the more innovative strategies, reduce the business costs, gain more
customers and improve the reputation as well as goodwill of the company. This report will
discuss the climate change which can be problematic for the business. The climate change occurs
by the greenhouse gases, CO2 emissions, etc. the climate change is referred as the long term
switches in the whether patterns and temperatures. This will also elaborate the carbon footprint
which can implement by business to reduce the climate changes (Pepin, 2022). The carbon
footprint is that which are generated by the business to use greenhouse gases with the carbon
dioxide and methane that are not good for the environment and ecological.
MAIN BODY
Climate change is problematic for the business and reduce the carbon footprint:
The business and individuals are influencing the climates and temperature of the earth
which are occurred by the burning of fossil fuels, forests cutting down, and farming livestock.
The greenhouse gases are occurred by the individual and business increasing the carbon dioxide,
methane and CO2 gases that are largely contributed to the global warming (Bocken and Boons,
2019). Climate change is not only environmental problems but it also impacts on the society as
well as business that are effect the climate changes. The climate change affect the business
include the following:
 Increase risk: The extreme climate change which include the floods, heat waves,
droughts are heavily damaged the business operations as well as causes the physical and
financial damage. The extreme climate change causes and increase the high risk for the
business, if the risk of the business is increase by the climate changes can increase the
insurance costs for the companies and organization (Epstein and Elkington, 2018).
 Changing demand: Because of the climate change, the demand of the consumer are also
change. If climate change, generate the heat then the demand of the heating oil will be

decrease, and they will demand for the winters goods or products. The consumer demand
will shift towards the environmentally friendly goods.
 Public perceptions are change: the public perceptions are also become change towards
the business because business is cause the greenhouse gases which are not safe for the
environments. Because the consumers are conscious about their healths and safe
environments. So the perception of the public are also changed regarding the business.
Example: plastic industry produce the plastic which are good for the biological
environment so the reputation of the business regarding the environment responsibility is
changed. If the public perceptions are change than it is not good for the business
reputations.
 Price of goods and services: The price of goods and services are also changed because
the climate are change that are directly affect the energy regulations and It will change in
resources availability and cost (Rudebusch, 2021). Example: The heavy rains affect the
crops and drought causes the shortage of the crops so the price of products are increase
as well as the transportation and electricity expense are also increase. The regulatory
restrictions on the products and goods also at the time of climate changes then the cost of
goods are also increased at that time (Marubini, 2018).
The business can reduce the carbon footprint which causes the climate change. There are
various factors that can reduce by the company and take step by the business to reduce the
carbon footprints that include the recycle, use the recycle resources, grow pant and trees, switch
to green energy, use renewable energy, etc. (Penz and Polsa, 2018). the business can also apply
the corporate social responsibilities to increase the reputation and sustain in the organization
area.
 Analysis the green house emissions: The company need to measure and analysis the
greenhouse gas emissions. The company need to certified there company with the carbon
footprint that will helps in measure the CO2 emissions that helps in reduce the impacts on
the planets and environments as well as helps in reduce the climate changes.
 Use the recycled resources: The company need to use recycled materials with the
recycling that helps in business to conserve the earth resources and reduce the carbon
footprint which causes the climate changes (Clark, 2019). Example: The business can

reuse the papers that helps in reduce the deforestations as well as preserve the natural
resources. The UK butterfly population are decreased due to the deforestations and
cutting the trees. So, the business can reuse the papers that helps in reduce the carbon
footprints.
 Use renewable energies: The company can use the renewable energy which helps in
reduce the carbon footprints. Using the renewable energy for the company is interesting
solutions for the business (Zhai and Helman, 2019). For example: the company can avoid
the use of fossils fuels that helps in reduce the climate changes and also not affects the
business environment.
 Choose sustainable suppliers: the company should be responsible for the environment
friendly so, the company can effort to choose the sustainable suppliers who show the
better environments. The suppliers operations helps in establish the company with the
ecological footprints which are good for the company reputations. It is also the profitable
for the organizations as well as sustain the organization in the competitive market place
(Sarkar, 2019). It can also help in achieve the new customers demands and retain the old
customers as well as attract the customers.
CONCLUSION
As the conclusion, the climate change is causes by the individuals and business which
facets the business environments and lead in the company damage. It is not profitable for the
organization. The companies need to implement the process to reduce the carbon footprints
which affects the planets and environment. The company will use the biological products and
focus on the environment then it helps in build the sustainability in the organization as well as it
is enhanced the customers of the company (Hoque, 2018). In the conclusion, the business are
effect the climate changes in various ways which include the damage resources, cost decrease,
demand also reduce, climate change increase the risk of extreme climate changes that affects the
business. In the further illustration, this report discussed the company implements the steps to
reduce the carbon footprints for the company which are use renewable energy, use the recycled
resource, choose the sustainable suppliers, etc.

REFERENCES
Books and journals
Alshehhi, A., Nobanee, H. and Khare, N., 2018. The impact of sustainability practices on
corporate financial performance: Literature trends and future research
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Bocken, N., Boons, F. and Baldassarre, B., 2019. Sustainable business model experimentation
by understanding ecologies of business models. Journal of Cleaner Production, 208,
pp.1498-1512.
Clark, D., 2019. What Colour is your Building?: Measuring and reducing the energy and carbon
footprint of buildings. Routledge.
Epstein, M.J., Elkington, J. and Herman, B., 2018. Making sustainability work: Best practices in
managing and measuring corporate social, environmental and economic impacts.
Routledge.
Hoque, N., and et.al., 2018. Is corporate social responsibility pursuing pristine business goals for
sustainable development?. Corporate Social Responsibility and Environmental
Management. 25(6). pp.1130-1142.
Marubini, F., 2018. The effect of climate change on the farming business in Nwanedi Irrigation
Scheme in Musina Local Municipality, Limpopo Province (Doctoral dissertation).
Penz, E. and Polsa, P., 2018. How do companies reduce their carbon footprint and how do they
communicate these measures to stakeholders?. Journal of Cleaner Production. 195.
pp.1125-1138.
Pepin, N.C., and et.al., 2022. Climate changes and their elevational patterns in the mountains of
the world. Reviews of geophysics.60(1). p.e2020RG000730.
Rudebusch, G.D., 2021. Climate change is a source of financial risk. FRBSF Economic
Letter. 2021(03).pp.01-06.
Sarkar, B., and et.al., 2019. How does an industry manage the optimum cash flow within a smart
production system with the carbon footprint and carbon emission under logistics
framework?. International Journal of Production Economics. 213. pp.243-257.
Zhai, Z.J. and Helman, J.M., 2019. Implications of climate changes to building energy and
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