Corporate Sustainability Management | Essay

Running Head: MANAGEMENT 0
CORPORATE
SUSTAINABILITY
MANAGEMENT

MANAGEMENT 1
Table of Contents
Introduction................................................................................................................................2
Issues..........................................................................................................................................2
Business Interface......................................................................................................................3
Conclusion..................................................................................................................................5
References..................................................................................................................................6

MANAGEMENT 2
Introduction
The world and industries are facing various challenges in different dimensions of
sustainable development and there is a growing focus on the corporate role in contributing
and confronting sustainability problems, specifically in relation with Sustainable
Development Goals (SDGs). This essay aims to identify business impact and role in one of
the major sustainable issue i.e. climate change. Furthermore, the necessary information is
being drawn on how insurance industry is getting affected with this sustainable issue and the
way they respond to overcome the issue. Ultimately, necessary recommendations are also
being presented in relation to the future responses to the issue and potential implications for
business.
Issues
Alam (2017) describes climate change is the increasing occurrence and force of risky
weather events comprising floods, droughts, heat waves and typhoons and caused by the
world-wide upsurge in temperatures triggering numerous negative impact on the earth. Such
effects are interrelated with one another and upturn their fierceness, knocking various species
living on the earth including human. It is one of the most significant challenges to attaining
sustainable development and it put risks to push millions of people into unending poverty.
Climate change is not just a long terms concern or challenge, it is happening currently and it
comprises of various uncertainties for policymakers putting significant in developing the
future. In terms of facts, from 1880 to 2012, there is an increase in average global
temperature by 0.85o C. Global emission of carbon dioxide has raised by nearly 50 per cent
since 1990 and the amounts of ice and snow have diminished with rising of sea level
(unenvironment.org, 2020).
The impact of climate change is universal in scope and unparalleled in scale.
Deprived of extreme action these days, acclimatising to these impacts in the future will be
extra challenging and costly. From legal perspectives, various instruments had been used
such as Krypto protocol wherein 1995, nations introduced negotiations to strengthen the
worldwide response to climate change and with the policy, it binds developed nations to
emission reduction targets and its initial period started back in 2008 and ended in 2012
(un.org, 2020). Following to this, the second period was started in 2013 and same will finish