How Business can help turn climate damage around?

greenhouse effect

What is the Greenhouse Effect?

2030 predicts a peculiar way of living. This includes how we run our organizations. It will be the ‘Anthropy’ phase, the generation of ‘the new sustainable businesses’. ‘The age of the humans’. We will need to adhere to the new sustainable economy whilst adopting the five universal goals. 
 Fossil fuel must be made obsolete globally. WWF point out the need for the creation of circular economics. We need to protect the environment from the people, this should be our purpose. Companies globally are already making changes, causing them to consider policies including the wholesalers, suppliers and haulage used.

2019 was the year of the climate activism going mainstream. 6 million people in 180 countries demanded more immediate action be taken to decrease greenhouse emissions. The governments of the world had to take notice. It has been a long drawn-out process, but finally we are getting the world to take note. 

30 years ago in 1988 the IPCC was established. They arrived at the original global treaty during an earth summit in Rio during 1992. The 2015 Paris agreement was to reduce the C02 emissions and diminish impact of further climate change. This resulted in an extensive variety of professional bodies around the globe. Evaluating and taking action over the deterioration of our ecosystem through the escalation of the warming up of our planet.

Central banks and alternative governments realise the importance of climate change and the effect to the economic stability of the planet. The (TCFD) Task Force on Climate related Financial Disclosures and (NGFS)NETworking for Greening the Financial System are both concerned with global businesses’. There is a need to highlight information, risk management, and be more transparent.

Ihttps://www2.deloitte.com/ (2020) write how investors, too, are making the climate more central to their activities. As of 2018, they held more than $30 trillion in funds in sustainable or green investments in the five major markets tracked by the Global Sustainable Investment Alliance, a rise of 34 percent in just two years.4 Almost 400 investors representing more than US$35 trillion in assets under management (AUM) have signed the Climate Action 100+ initiative, which is committed to pressurising the largest corporate greenhouse gas emitters to “curb emissions, improve governance and strengthen climate-related financial disclosures.”5 At the recent UN climate summit, a group of the world’s largest investors, with more than US$2 trillion in AUM, started the Net-Zero Asset Owner Alliance, committing themselves to reaching carbon-neutral portfolios by 2050.6

Heads of states and capitals are likewise increasing their focus on climate change. To support the success of the Paris Agreement, the EU in 2017 launched its Action Plan for Financing Sustainable Growth, aimed at—- channelling more money towards climate-friendly business enterprises. Over 60 countries and 100 cities around the world have adopted net-zero carbon emission targets—with the UK and France recently joining Sweden and Norway among the group of countries that have enshrined the targets into national law.7https://www2.deloitte.com/(2020)

Overall, it seems fair to suggest that most businesses are not dealing with the already certain physical effects of climate change, nor are they undertaking substantial efforts to adapt. Companies may conclude that climate change will have fewer effects in Europe than elsewhere, but, in that event, they will doubtless underrate the risks to exposure through their global supply chains and market. https://www2.deloitte.com/(2020)

Businesses around the world will be responsible for the subsequent future of our planet. Business owners both large and small can have an effective influence on how humanity can reverse the climate crisis. It is not just the farmers’ and landowners’ influence through methane and fertilizer. The digital world, fashion and beauty industry has a responsibility too. There is not an organization or single individual on this planet that cannot play their part.

Industry’s all over the world should call for their current distributors, wholesalers, and commercial providers to become environment friendly. For example, the fishing industry is entirely out of control as the Chinese are illegally trawling the poor village harbours in the tropical localities. UN is trying to reach out to Chinese government officials. The Chinese responded with, “they are doing all they can”. Thousand’s of dead species of marine life are thrown back into the ocean. Whilst the tradable fish are wiped out. They are looting the livelihood and food supply of the local community’s. Communities must migrate to new areas through lack of food and business.

Many fish lawfully caught and sold now have a sticker of evidence. In some restaurants their menu has QR so your phone can scan for breed of fish, where it was caught, how it was caught, etc. This in part provides the consumer knowledge about the meal they purchase. Was it trawled, caught legally, or fish farmed reared in Scotland? Is the fish rare, should I be eating this fish? It helps prevent unlawful trading in the market.

Maybe if your business was a shop selling men’s suits, you could purchase your suits off a wholesaler that uses recycled plastic thread. This has become widely popular with the celebrities thanks to Will I am, from Black-Eyed Peas. These three-piece suits are stunning and sold by all the top designers, Gucci. Woven with thread made from recycled plastic water and other drinks bottles. No need for dry cleaning or chemicals it is machine washable.

The WWF have brought out a short film out on Netflix focusing on the new sustainable economy and how future businesses will broach the way they carry out their business practice. They will need to work from 5 values. These values will work with the planet’s biodiversity and for the planet rather than against it. And this will include clearing of the oceans, natural replenishment of the fish with off limit fishing. Fishing will continue but with respect for the marine life and the entire planet and resources that we share. So harsher implementation of laws for illegal fishing and some areas will be no fishing period. To give the marine life a chance to recover, especially the coral reefs.

Corporate Social Responsibility CSR is a private business model that helps companies support environments and the people in them. CSR truly took hold in the U.S. in the 1970s, when the concept of the “social contract” between business and society was declared by the Committee for Economic Development in 1971. They base the social contract on the idea that business functions because of public “consent,” therefore business have an obligation to serve the needs of society. We often refer to this to today as “license to operate”—that is, to contribute more to society than solely their products for sale.

Companies like Star Bucks are proud of their CSR Corporate Social Responsibility tag, which represents recognition as a self-regulating model that helps build a company that is socially accountable. This involves enhancing society and the environment. Example being Star Bucks set up a doctor surgery that travelled around India’s remotest areas treating the locals. They have taken on over 10,000 refugees for employment and are intending to deal with their non recyclable cups that are not environmentally biodegradable. Other companies are Lego, Google, Sony.

The CFO survey of 1.200 financial executives across Europe asked if companies felt pressure to take action. The study showed considerable pressure from outside sources. ie clients and other stakeholders. Company values are important to the public consumer. Although a company’s values are only as good as the individuals running it. There is definitely a positive wave of optimism and encouragement from powerful influences across the globe. This demonstrates that risk-aware investors and customers affect the promotion of climate-related transformation in corporations.

There is potential to reverse the damage from deforestation if we leave the swamps, salt marshes, flat lands, wetlands and great forest’s alone. They have replanted trees on fire scorched baron land. This led to a faster reverse cycle and was extremely successful, so we know it can be accomplished. We have also tested this in tropical forests and fruit farms. 
So we can reverse the rain forests, we can reverse the ocean and river pollution. We can extract some of the carbon from the atmosphere. If we achieve these tasks, the climate will look after itself; the ice will freeze again, the mountain tops will make new ice caps. This will provide the communities with their water supply relied upon from the melting of the ice caps. No ice caps, no water flowing into the rivers for the hot drought summers of India and Asia.

Organisation have the responsibility to choose a supplier that is environmentally friendly. Therefore, businesses should establish suppliers who demonstrate they have positive environmental values. Encourage consumer’s, buyers, suppliers by use of media, your website to promote you are proud to be a CSR certified. Lead by example.  

In fact, companies wanting to get sustainability and CSR certifications such as GRI or B Corp often see their operations reviewed. Their ecological footprint might also be accountable. Therefore, these companies aspiring certification might even need to ask their suppliers to adopt more sustainable practices (such as giving proof of not employing children and paying fair wages or disposing waste properly), or even have to change to more sustainable suppliers if the old ones refuse to change.

Since the pandemic, telecommunicating is fast becoming the most popular way to have meetings. The practical affect it bears on the environment concerning driving. It is also convenient for businesses profit margins.

There are companies that travel long-haul flights for business meetings all over the world. Maintaining zoom meetings will have an enormous impact on the c02 emissions. It is essential companies carrying clout make these amendments in their organizations’ management policies. 

Companies don’t only need to measure their exposure to climate-related risks and subsequently manage them, but also incorporate climate change in their strategic plans. Failure to do so will undermine the sustainability of their business.https://www2.deloitte.com/(2020)

Thank you for reading my blog and please go to http://www.newmessage.org and find some more very helpful information on the climate and what is expected of our planet and the future.

 

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