Two in five firms have cut ties with suppliers due to emissions ๐
Supplier relationships are on the chopping block as firms prioritize sustainability performance over business-as-usual. Read more: https://t.co/WiJ8TrcZkA
#ESG#SupplyChain#CarbonFootprint#SustainableBusiness
๐ฑ Develop a base knowledge of nature and biodiversity.ย
๐ฑ Understand regulatory exposure.ย
๐ฑ Direct investment towards nature-related opportunities.ย
Get more insights on the Climate Innovation Network: https://t.co/CvRbCPWODG
Since regulators are getting serious about nature and biodiversity, if businesses want to maximize future opportunities, they will need to understand how their operations rely on and impact nature. Organizations should take the following the steps:
To go beyond this, firms can offer external training to further educate employees on sustainability topics, as weโve seen from organizations like HSBC and Starbucks.
Find out more on the Climate Innovation Network: https://t.co/CvRbCPXmte
Subsequently, sustainability teams should then build relationships with these stakeholders as soon as possible, while using terminology that is familiar to employees in other departments.
Other nations are likely to follow suit, so it is worth companies bearing in mind that this expectation isn't going away!
Get more climate news: https://t.co/Rombi4vWZK
For example, the UK's Biodiversity Net Gain (BNG) regulation kicked in early this year, forcing developers to evidence at least 10% biodiversity net gain on all new developments.
Q: What poses the biggest risk to my firmโs #decarbonization efforts?
A: Weakening government policies. Here's why ๐
2024 will see 64 elections in the European Parliament, which altogether account for 44% of global #emissions.
Without these interventions, corporate climate action can become prohibitively expensive: decarbonization entails substantial capital expenditure and investment in emerging technologies that are often less cost-effective.