Impact of Climate Change on Business Sustainability Report

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Added on  2023/06/10

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This report examines the critical issue of climate change and its profound impact on business operations. It begins by highlighting the challenges posed by climate change, such as rising sea levels, extreme weather events, and their effects on business performance and product quality. The core of the report focuses on strategies to mitigate these impacts, including reducing carbon footprints through recycling, waste reduction, and adopting renewable energy sources like solar panels. Examples of companies like Tesco and Tesla are used to illustrate successful implementation of sustainable practices. The report concludes by emphasizing the importance of proactive measures and the potential for sustainable practices to enhance brand integrity, generate sales, and achieve a competitive advantage in the market. Finally, the report discusses challenges that businesses might face while implementing new processes.
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Building A Sustainable
Organization
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Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Evaluating climate change and their impact on the business. Discussing various solutions to
minimize the impact....................................................................................................................3
CONCLUSION................................................................................................................................5
REFERENCES:...............................................................................................................................6
Books and Journals.....................................................................................................................6
Online..........................................................................................................................................6
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INTRODUCTION
There are various organisation which has managed to achieve sustainable performance in
the market. With the changing market trends the corporation needs to follow certain ethics in
order to work for the betterment of the society (Singh, 2018). The main focus of the company is
to gain a competitive advantage in the market by utilising the resources effectively. There are
various opportunities in the industry on which they can capitalise in an effective manner. The
report aims to analyse about understanding the climate change as the threat to international
security. On the other hand, in this report there will be brief discussion about evaluating the
climate change could be problematic for business. Along with that, there are various steps which
could be implemented in the business to reduce the carbon footprint. For further instance the
organisation could take several measures in an effective manner.
MAIN BODY
Evaluating climate change and their impact on the business. Discussing various solutions to
minimize the impact
Climate change is one of the most crucial factor with the increasing pollution it creates a
negative impact on various factors in the world. It is also affecting the population and there are
various places which is not viable to live. There are various places which are facing different
challenges (qbal, and Ahmad, 2021). For example drought, storms, heatwaves, rising sea levels
etc. On the other hand, climate change has also create various tough situations and affect the
business operations. The most prominent effect on the business operations and the quality of the
products and services which the organisation is providing in the market.
In order to achieve a sustainable performance in the market. The organisation could take
various measures to minimize the impact of the climate change. They can reduce the overall
carbon footprint all across the world. For most of the organisation which are working in the
market (Gupta, 2022). They need to recycle the waste in order to reduce the carbon footprint.
When the company recycle their products they reduce the use of raw materials. It can prevent the
environment and make it more pollution free for various human beings. This will also help the
company to maintain a positive brand integrity in the market. For example, an organisation like
Tesco is using the different ways to prevent the climate. They had banned the use of plastic while
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packaging the products. The main vision of the company is to achieve the a sustainable
performance by the market in the year 2025.
The situation which had arise could arise various problems for the business. It can affect
the sales of the organisation and their profitability in the market. With the help of switching and
changing the vision of the business operations. The organisation can prevent the nature and deal
with all the climatic problems effectively (Bombiak, and Marciniuk-Kluska, 2019). There are
various organisation which are taking the challenge in order to work for the betterment of the
society and the environment. Changing weather patterns also affect the price of good and
services in the market. For example, companies like Sainsburry's is giving products on the high
prices. Various consumers are facing the inflation of the prices in the market. This is one of the
most crucial challenge which the company is facing with the new changing trends. The
organisation is importing the raw materials from various other regions to minimize the impact of
the climate change in the world.
On the other hand, there are various implementation which the organisation can
implement in the business to reduce the waste and create a healthy environment for various
individuals. The organisation could invest in the green energy and green office equipment. This
is possibly one of the best ways to reduce the carbon footprint. For example, Tesla is using the
electrical technology in their cars. This is one of the major reason the organisation has seen and
experiential growth in the automotive industry. They are also investing in the solar panels and
upgrading the structure of the companies to prevent the environment. Due to this they had
managed to achieve a sustainable performance in the market (Al Ahbabi, and Nobanee, 2019).
The main Vision of the organisation is to make a healthy environment and enrich the lives of the
consumers with the products and services. Essentially most of the companies is optimizing their
way of using the resources. Enabling the renewable energy sources has also helped the
organisation to reduce the carbon change in the environment. Over a coming period of time there
are different firms which are significantly improving the working operations. There are various
techniques which could be used by the management in order to achieve a sustainable
performance in the desired industry.
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CONCLUSION
From the above report, it has concluded that the organisation needs to take serious
measures in order to achieve a sustainable performance in the desired industry. On the other
hand, there will be brief discussion about various measures which the business could take to
minimize the impact of carbon footprint. Along with that, there will be evaluation of various
challenges which the company could face while implementing the new process in the business.
For further instance, there will be discussion about various various factors which are affecting
the climate in a serious way. There are various challenges which the world will face over a
period of time. In this report it has also analysed due to reduction of the carbon footprint the
organisation can offer better products and services to the customers. They can generate more
sales and gain a competitive advantage in a significant way.
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REFERENCES:
Books and Journals
Al Ahbabi, A.R. and Nobanee, H., 2019. Conceptual building of sustainable financial
management & sustainable financial growth. Available at SSRN 3472313.
Bombiak, E. and Marciniuk-Kluska, A., 2019. Socially responsible human resource management
as a concept of fostering sustainable organization-building: Experiences of young polish
companies. Sustainability, 11(4), p.1044.
Gupta, C., 2022. The Future of Capability Building in Sustainable Development. In Innovative
Economic, Social, and Environmental Practices for Progressing Future Sustainability
(pp. 242-251). IGI Global.
Iqbal, Q. and Ahmad, N.H., 2021. Sustainable development: The colors of sustainable leadership
in learning organization. Sustainable Development, 29(1), pp.108-119.
Singh, S.K., 2018. Sustainable people, process and organization management in emerging
markets. Benchmarking: An International Journal.
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