Climate Change and Its Impact on Businesses: Steps to Reduce Carbon Footprint

Building A Sustainable
Organisation

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Evaluate on how climate change cause problems on businesses across the world with suitable
examples and suggesting steps for businesses to implement in reducing uses of carbon footprint.1
CONCLUSION................................................................................................................................3
REFERENCES ...............................................................................................................................4

INTRODUCTION
Climate change is a threat to environment as it poses a fundamental warning to places,
species and other livelihood. In recent times there is massive effects due to climate changes to
global warming such carbon pollution, rising level of seas and oceans danger to crops, wildlife
and freshwater supplies. Humans and wildlife animals are facing new challenges for their
survival due to changes in climate, from frequent drought, storms, heat, waves, rising of sea
levels, glaciers melting and ocean warming directly affecting animals and destroying the places
they live.(Change, 2019) In this report there is a discussion about how climate change is
affecting businesses and what problems organisations are facing due to it, with a example of a
firm that faced the problems from climate changes. In addition to this in last there is a
suggestion for business to implement in reducing the use of carbon footprint in their operation.
MAIN BODY
Evaluate on how climate change cause problems on businesses across the
world with suitable examples and suggesting steps for businesses to
implement in reducing uses of carbon footprint.
The impacts of climate change are causing problems on businesses and policies of
companies. A warming planet cause wide range of risks for organisations disrupting supply
chain, increase in costs and labour challenges.(Hornsey and Fielding, 2020) Climate changes
cause extreme weather events like hurricanes, floods and fires have direct impact on around
70% of economic sector in worldwide. There are ways in which climate change is threatening on
businesses across the globe such as, operational impact- organisation are noticing minor changes
in their operations due to climate related disasters such as, workforce interruption and facilities
damage, costs of resources- due to environmental and human causes resources like food, water
and energy are at risks which cause great impact on organisation and reputation damage-
environmental causes effects on organisation culture and brand identity which leads to issue for
company. In addition to this there are more risk that can affect the businesses such as, physical
risks, transitional risks and liability risks. (Hofmann, 2019)The physical risks of change in
climate are threats from physical environment like flooding, hurricanes and wildfires that cause
physical damage to people, property, and transport links. The transitional risks costs on
1