Have you and your company come up with a strategy to reduce your carbon footprint?
I’d say if you’re a business leader in 2023 – without a doubt, the answer is yes. Over the last few years as global warming has been a hot topic in all aspects of life – I’m positive business leaders have spent a lot of time strategising how to reduce the carbon emission intensity of business operations. That’s all well and good as the more that people are changing their actions, the more we can slow down these negative changes happening to the world right now. But, have you spent any time considering how your business will fit in and continue its success within a low carbon world? In April 2022, the UK became the first G20 country to make it mandatory for Britain’s largest businesses to disclose their climate-related risks and opportunities, in line with recommendations from the Taskforce on Climate-related Financial Disclosures (TCFD). As life shifts towards a low carbon environment, businesses will face more and more challenges as new expectations and regulations are put into place by governments, regulators, investors and the public.
A company’s climate agenda cannot stop at the actions you are taking to reduce your footprint but some focus also needs to be made on the risks and opportunities for your business. How will you continue to successfully offer the services and products you do within this shifting environment?
Luckily we have a fairly good idea of how global warming is going to affect the world over the coming years but this doesn’t mean that we aren’t going to be in for some surprises along the way and those companies who are aware of their risks will be in the best position to pivot themselves towards long-term success. So if you haven’t already done so, now is the time for you and your team to lead the way to not only surviving but also thriving in our ever-changing world.