Impact of Climate Change on Business Assignment 2022

I M P A C T O F C L I M A T E C H A N G E O N B U S I N E S S E S
I N T E R N A T I O N A L B U S I N E S S
S T R A T E G I E S A N D C L I M A T E C H A N G E
In the middle of rising global temperatures and pollution
levels, governments and industries are focusing on sustainable
sourcing and more responsible utilization of the available
resources. The business strategies are now being made to pay
more attention towards the changing needs of the various
communities. There has been the increasing growth of CSR
activities among the largest of the world’s corporate
enterprises. Hence, this has contributed towards a shift in the
outlooks of companies. International business are now
focusing more towards shared value creation. This means
having agreements that can allow the sustainable utilization of
natural resources by industries as well as the local
communities. The changes that are taking place are both
necessary and obvious as per the stricter rules that are being
implemented to stop the rapid decline of the world resource.
The decline itself has been greatly attributed to the excessive
usage of resources and the subsequent generation of
effluents.
I N T R O D U C T I O N
Climate change has greatly affected most of the important areas of the
world. The corporate enterprises are now more aware of the
environmental issues that have been caused due to the rapid climate
change taking place due to ecological misbalance. In fact much of the
ecological depletion has been caused by the activities of large firms that
have taken aggressive resource procurement measures. It is important to
note that as climate change keeps on drastically affecting the planet, the
responsibilities of businesses grow more towards improving the global
climatic conditions.
2015 CO2 2016 CO2 2017 CO2 2018 CO2
40 gigatonnes
30 gigatonnes
20 gigatonnes
10 gigatonnes
0 gigatonnes
Carbon dioxide (industrial)
65%
Methane
16%
Carbon dioxide (land use/forestry)
11%
Nitrous Oxide
6%
F-gases
2%
C O N C L U S I O N
Business are now focused towards improving their eco-logical
footprint. Hence the focus of global businesses are now the creation
of carbon footprint reduction and similar growth statistics. In the end
the world needs to be more ready for changes and embrace eco-
friendly trade with open arms. Hence, it has become much important
that the global organizations work effectively with the government
and environment protection agencies.