Shaping the sustainable business of the future…
Laying the foundations for sustainable growth in a zero-carbon world
Climate change is probably the biggest known threat facing the world today, and is forecast to cause $600 trn in damages to the global economy by the end of this century. Sustainable and transition business leaders seek to mitigate this threat by investing in ventures that promote growth while drastically cutting their environmental impact.
Risks and costs of climate change
The potential future cost of climate change is huge. It endangers crops, water supplies, infrastructure, livelihoods, and health. It’s already damaging the global economy and costing millions in repairs in the wake of natural disasters such as forest fires, floods and storms.
By 2019 many high-profile leaders had committed to cutting carbon dioxide emissions. Even so, achieving the United Nation’s target of a 45% global reduction in CO2 by 2030 was going to be tough. Now, post Covid-19, public health and economic growth concerns are likely to take priority, making it even more difficult for the world to hit that target.
However, with increasing scrutiny from policymakers and the public, those executives cannot afford to take their eye off the ball when it comes to sustainability and climate change. The potential economic and societal damage is just too great, to say nothing of the potential damage to a company’s reputation. Choices made today will shape the future of nations and organizations.
Finding sustainable solutions that work
Delivering solutions that address climate change and public health while also laying the foundations for truly resilient and sustainable long-term growth will be complex. Countries like Japan, South Korea, Singapore and Costa Rica that have enacted preventative measures may point the way for the rest of the world. At the very least, both insurance and investments will be needed to support global health, protect vulnerable societies, and develop inclusive recovery programmes.
Pandemic-linked financial decisions made over the next 12 months will impact the global economy for decades. Meanwhile, support for decarbonization is at an all-time high among governments and consumers, with calls for less fossil fuel use and cleaner, more efficient infrastructure. The time is right for farsighted global executives to lead the way towards a truly sustainable future – starting with their own businesses.
The Sustainability Reinvention Engine
It’s time to take action on sustainability. Financial organizations of all sizes are seeking to develop adaptable mitigation and execution strategies that can increase environmental sustainability and long-term profitability. Through our Sustainability Reinvention Engine, Alchemy Crew can help you develop and foster from circular to transition business models supported by emerging technologies.