Climate Change and Business

global temperatures on the rise

There is a growing concern among businesses to determine what their role should be in the effort to combat climate change. As government efforts to reduce greenhouse gas emissions cause their costs to increase steeply, businesses need to take a good look at their own responsibilities. While there is no magic bullet to solve climate change, there are some simple steps every business can take that will make a real difference. Following these steps will not only help the environment, but also your bottom line.

Every business should be investing in its own sustainability as part of its climate change mitigation strategy. Many companies have made the commitment to reduce their emissions or have already reduced them, but some are making the biggest strides. In the U.S., there are several small businesses that are making a difference by investing in hybrid and electric vehicles, creating programs to reduce their emissions from their facilities and even investing in products that can reduce greenhouse gases. While these programs may not directly impact the greenhouse gas emissions being released into the atmosphere, they can go a long way towards helping to reduce emissions.

businesses need to take the initiative themselves

In addition to investing in green initiatives, businesses need to take the initiative themselves by improving their energy efficiency. Green buildings, efficient heating and cooling, and other advancements in energy efficiency have already had a significant impact on reducing greenhouse gas emissions. Today, most buildings are much more energy efficient than they were decades ago thanks to increased efficiency standards, but now that the cost of new construction is coming down, more businesses than ever before are going green to save money and protect the environment. Smaller businesses can make a significant impact on the reduction of greenhouse gases by choosing energy efficient offices and buildings, buying energy efficient appliances and other building supplies, and encouraging their customers to purchase energy efficient home and other items.

When climate change impacts small businesses directly, they have an even greater responsibility to help. Because of the cost of materials, businesses are often forced to pass the cost onto customers through higher operating costs. Many companies also import raw materials from countries that have more affordable labor and more Earth friendly environmental policies. By cutting back on the use of such commodities, and encouraging customers to substitute local supplies for expensive foreign ones, companies can reduce the cost of their overall operations and improve their bottom line. Encouraging consumers to drive down fuel prices even further will also help small businesses because the lower the cost of a product, the more it will be sold.

climate change comes from individual actions

As mentioned above, part of the solution to combating climate change comes from individual actions. By electing to use energy efficient appliances, purchasing more locally produced goods, and driving for better public transportation, individual citizens can each contribute to reducing greenhouse gas emissions. At the same time, companies can take various measures to implement carbon reductions internally, such as using low-emitting vehicles and refraining from shipping harmful products. Implementing internal carbon pricing is another effective way to cut down on emissions because companies can charge their employees higher rates if they find that their company releases a high amount of carbon dioxide or other greenhouse gas emissions.

For those in businesses, implementing a variety of climate action strategies is important not only to reduce emissions, but also to improve profits. Cutting down on unnecessary greenhouse gas emissions will help keep the Earth green, and will also increase company revenue. If we all work together, we can find effective ways to cut down on our carbon footprint and preserve the world for future generations.

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