According to a report by the Carbon Trust, over three-quarters of global business leaders recognise the bottom line risks from the direct impacts of climate change. However many businesses fail to have a clear vision. A vision on how to adapt considering sustainability changes.
Titans or Titanics? Understanding the business response to climate change and resource scarcity seeks to understand and explain how large businesses are responding to climate change and resource scarcity today, incorporating insights from qualitative interviews with industry experts, alongside independent market research into the views of global corporate leaders. It also details the Carbon Trust’s practical framework for assessing and quantifying the long term opportunity and risks related to climate change and resource scarcity.
The paper argues that businesses are “living in two realities”. Some recognizing and accepting the risks. Also and opportunities of an environmentally sustainable future. However more import work still continuing to focus on the short-term. While the businesses involved in the research believe change will continue. Yet most have no clear vision of how they will transition.
Main findings of the report include:
70 per cent of global business leaders confident that action taken by consumers, governments, and investors will force the change to an environmentally sustainable future.
76 per cent see bottom line risks from direct impacts of climate change. Also and 84 per cent see business opportunity in an environmentally sustainable future.
So even half believe they would have to fundamentally change products, services, or business models. Yes only if drivers for environmental sustainability become strong.
Of those that claim to be aware of how they compare with competitors on environmental sustainability. Yes 99 percent believe they are at least average for their sector. Then with half seeing themselves as leaders.
I have to laugh! Companies need a lot of work. They are so missing the mark it’s sad
The Green Living Guy, Seth Leitman is a green living expert, celebrity and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author, Radio Host, Reporter, Writer and a Environmental Consultant on green living. The Green Living Guy writes about green living, green lighting, the green guru guides and more. Seth's books range from:
# Build Your Own Electric Vehicle by Bob Brant and Seth Leitman (2nd and 3rd editions)
# Build Your Own Plug-in Hybrid Electric Vehicle by Seth Leitman
# Build Your Own Electric Motorcycle by Carl Vogel
# Green Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky
# Solar Power For Your Home by David Findley
# Renewable Energies For Your Home by Russel Gehrke
# Do-it-Yourself Home Energy Audits by David Findley
# Build Your Own Small Wind Power System by Brian Clark Howard and Kevin Shea
# and more green living books to follow.