Climate Change, Sustainability, and Business: A Comprehensive Report

This report delves into the multifaceted impact of climate change on businesses worldwide, highlighting the risks associated with extreme weather events, shifts in consumer demand, and evolving regulatory landscapes. It emphasizes the need for businesses to adapt and implement sustainable practices to mitigate these challenges. The report evaluates how climate change affects businesses, including rising insurance costs, supply chain disruptions, and the need to invest in infrastructure upgrades. Furthermore, it outlines actionable steps businesses can take to reduce their carbon footprints, such as recycling, utilizing recycled resources, partnering with sustainable suppliers, and investing in green office equipment. The conclusion underscores the importance of proactive measures to ensure business sustainability in the face of climate change, emphasizing the interconnectedness of environmental responsibility and long-term economic viability.

BUILDING A
SUSTAINABLE
ORGANISATION

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
Evaluation of the ways in which climate change could be problematic for businesses all across
the world......................................................................................................................................1
Certain steps that has been taken by businesses in order to reduce their carbon footprints........2
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................4

INTRODUCTION
Sustainable organization refers to an organized group of people with an aim to advance
sustainability as well as promote actions of organizing something sustainably. In order to
become highly sustainable, a company requires developing the capability to consistently identify
diversified factors which affects its holistic expansion into long term along with creating and
building skills set over the ways in which they are able to counter negative factors along with
roll out the changes within themselves into independent manner (Monroe and et.al., 2019).
This activity is highly significant as it enables the firm to earn considerable amount of
money as well as boosts up the bottom line with the help of making businesses extremely
sustainable. This report is based upon the aspects of climate changes that create disastrous
consequences and problems for businesses all across the world. Apart from this, the study will
also highlight certain steps that businesses can implement in order to reduce and minimize their
carbon footprints.
MAIN BODY
Evaluation of the ways in which climate change could be problematic for businesses all across
the world
Climate change does not only refer to environmental issue or challenge. The climate is
indissolubly connected to everything that has been related to business as well as with the whole
society (Barber, 2021). Although the climate changes already providing impacts over the
business all across the world and still continues to have a larger impact while companies try to
move forward. There are some most projecting and effective ways in which climate change will
affects the businesses which involves the following such as:
 Enhanced level of risks due to extreme weather: From past various years a high
amount of weather changes has been evaluated by scientists has been identified occur
which various events including natural calamities within the economy. Moreover, in the
upcoming years as well, events might have occurred which disturbs the overall
operations of the business and cause them extreme level of negative effects as well as
physical damage. Extreme weather is the foremost reason that climate changes increases
risk for businesses and because of increased risks; the insurance costs for varied
companies will rise as well. For instance, a warming planet creates a broad range of
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risks for businesses from disrupted supply chains to rising insurance costs towards
labour challenges (Naidoo and Fisher, 2020).
 Changing demand: Climate change have the power to shift the demand. As the
temperature arises the demand changes and vice versa with the decrease in temperature.
Apart from this, the consumers are highly requiring sustainability into the products they
purchase and thus the demand also shifts towards more environmental friendly goods.
 Changing regulations: Rules and regulation have been set because of making the
business operations highly efficient and also impact the overall business actions.
Companies who produces large amount of carbon wastes will have to invest into the
substantial funding in order to upgrade facilities to reduce or even eliminate carbon
footprints. There are certain companies who are already involved into this while still
there is some remaining to provide appropriate attention.
 Increased public pressure: Customers always look for the products that are highly
sustainably produced products or at least have smaller environmental impacts other than
comparable products (Córdova, Zorio-Grima and Merello, 2018). Companies are
expected to be highly responsible in social manner, along with take operations in order
to make their operations more atmospheres friendly or even do something for the
betterment of the community or environment such as giving donations to environmental
charities. This is the major reason due to which some of the large companies such as
Apple, Nestle, etc. have committed towards providing 100 percent of renewable energy.
Certain steps that has been taken by businesses in order to reduce their carbon footprints
Businesses are trying their best to adopt such kind of practices which reduces the impacts
of the environmental changes within the business operations. With the help of utilising various
simple ways in order to reduce carbon emissions, there are varied ways through which
businesses of all kind and sizes can take to reduce their carbon emissions. This includes:
 Recycle: This is the easiest way to reduce the carbon footprints that have been created by
any company operations. With the help of recycling process, the companies are able to
reduce the number of raw materials that required to be sourced in order to create
products from waste material (Ganda, 2019). It includes examples such as recycling
single tin can save enough amount of energy which can highly able to provide power to
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computer for one complete hour. Implementing this system can lead towards nurture a
greener work culture.
 Use recycled resources: Utilization of recycled resources can assist the businesses to
aid the conservations of the resources that are available on the earth. For instance, it
includes the practices that are related to reduce deforestation and preserving of natural
habitats.
 Using sustainable suppliers: Usage of suppliers that are highly sustainable in nature is
greatly significant for any business as through this, the companies are able to minimise
their environmental impacts and do for the betterment of the society as well as the whole
environment (Nathaniel and Adeleye, 2021).
 Investment into green office equipments: Investing into green office equipments is the
great way to reduce the business carbon footprints. Most of the energy providers will
offer a green tariff or the companies are able to invest into their own renewable energy
resources.
CONCLUSION
From the above report, it has been concluded that business actions and activities are highly
affected by more frequent and extreme weather conditions along with more gradual climatic
processes. Moreover, the above study also illustrated about the significance of utilising practices
that highly able to promote a practice which helps to reduce the carbon footprints helps the
businesses and their operations to become sustainable in nature. The climatic changes as well as
sustainable businesses highly able to influence the consumers along with the level of customers
spending highly able to affect the prices, investment decisions along with the number of workers
that businesses employ.
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REFERENCES
Books and Journals
Barber, A., 2021. Consumed: The need for collective change; colonialism, climate change &
consumerism. Hachette UK.
Córdova, C., Zorio-Grima, A. and Merello, P., 2018. Carbon emissions by South American
companies: Driving factors for reporting decisions and emissions
reduction. Sustainability, 10(7), p.2411.
Ganda, F., 2019. The impact of innovation and technology investments on carbon emissions in
selected organisation for economic Co-operation and development countries. Journal of
cleaner production, 217, pp.469-483.
Monroe, M.C. and et.al., 2019. Identifying effective climate change education strategies: A
systematic review of the research. Environmental Education Research, 25(6), pp.791-
812.
Naidoo, R. and Fisher, B., 2020. Reset sustainable development goals for a pandemic world.
Nathaniel, S.P. and Adeleye, N., 2021. Environmental preservation amidst carbon emissions,
energy consumption, and urbanization in selected African countries: implication for
sustainability. Journal of Cleaner Production, 285, p.125409.
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