PROTECT THE ENVIRONMENT
Since 1988 over 71% of all emissions have come from business.
Businesses truly hold the key for reducing global emissions.
Extracts from the latest Harvard Business Review show that by protecting the environment companies protect themselves in the long term.
“The effects of climate change on companies’ operations are now so tangible and certain that the issue is best addressed with the tools of the strategist, not the philanthropist.”
“Every firm needs to evaluate its vulnerability to climate-related effects such as regional shifts in the availability of energy and water, the reliability of infrastructures and supply chains, and the prevalence of infectious diseases.”
“Climate change will affect (the) business environment in two broad ways: through shifting temperature and weather patterns, and through regulations that increase the cost of emissions. Either can affect the availability of business inputs; the size, growth, and nature of demand; access to related and supporting industries; and the rules and incentives surrounding industry rivalry. Business leaders should evaluate how climate change may affect each part of this context for competition.”
“In the coming decades, we can expect to see sea levels rise and more extreme droughts, storms, and flooding. These events become security concerns for businesses when people are forced to flee, infrastructure is destroyed, ecosystems fail, agriculture is disrupted, economic volatility increases, and some regions become uninhabitable.”
The Australian Bushfires in December-January 2019-2020 gave us a glimpse into the consequences of climate change predicted by the world’s leading scientists. If we fail to reduce our emissions, we will contribute more to the greenhouse effect. This will increase global average temperature and make extreme events like this one more likely, and therefore more frequent.
These fires destroyed businesses, farmland and large areas of the Australian bush. This led to hundreds of millions of animals being killed, pushing back conservation efforts in Australia by a decade. There was also the economic loss and, most tragic of all, loss of human life as a result of the fires.
Adaptation adds costs, but lack of adaptation will cost far more.
Climate change can even impact the health industry through changing the availability of clean water and food. On top of this warmer weather increases the range of diseases like malaria and dengue. The World Health Organisation predicts that climate change will cause roughly 250,000 additional deaths per year between 2030 and 2050.
We must act to prevent this.