“Increasingly, companies are changing their business models to embed sustainability in their corporate strategy,” says Chief Supply Chain and Business Operations Officer, Reginaldo Ecclissato. Money spent on equipment, emergency logistics, damaged products and lost sales is clearly visible on corporate balance sheets.īut the business case for investing in sustainability should not just focus on risk but also opportunity. ![]() Mitigating risks like these is one of the most cited financial reasons for investing in climate action. Natural disasters like these, exacerbated by climate change, cost the world $210 billion in 2020, a financial outlay that not only impacts communities but also the economies, businesses and infrastructure that serve them. This year, Pakistan experienced flash floods that saw lives lost and millions of homes ruined while Europe faced its worst drought in 500 years. This week saw leaders from business, government and the climate community, in conjunction with the United Nations General Assembly and the City of New York, come together to drive climate action.
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