6th May 2022
Chris Bowden, MD, Squeaky
13 minute read
9 Essential Actions to Reduce the Impact of Climate Change
Feeling overwhelmed by the pressure to reduce the impact of climate change?
You are not alone.
This article does not list every action for businesses looking to tackle the climate crisis.
Instead, it lists a number of key actions that will make a real difference.
And deliver genuine impact.
Be a leader and put yourself ahead of the competition
In our vitally endangered world there is no version of the future in which business can continue as it has always done.
The reality is, every organisation in every industry will be transformed by the climate crisis.
And how your organisation fairs will depend on whether it opts to harness the opportunity that exists in reducing the impact of climate change.
Or, whether you stick with the status quo and do business as it has always been done.
In other words:
Your growth will hinge on your decision to lead, or be led.
Study after study has proven that those companies who step up as leaders on the hunt for sustainability and solutions to climate change, gain a financial competitive advantage.
In fact, in his 2022 letter to CEOs, Larry Fink is quoted saying:
“The next 1,000 unicorns won’t be search engines or social media companies, they’ll be sustainable, scalable innovators – startups that help the world decarbonize and make the energy transition affordable for all consumers.”
In the same letter, Fink goes on to question companies on the actions they are taking to disrupt their business.
And, asks how they are preparing for - and participating in - the net zero transition.
These are questions you should ask of your own organisation.
Because if your answer is that you are doing nothing, then - to use the analogy provided by Fink - you risk going one way…
The same way as the dodo.
Educate the C-Suite and set realistic expectations
At the end of 2021, we questioned sustainability and energy managers to find out whether they have the expertise, strategy, and support within their organisation, to reach net zero and, in turn, reduce the impact of climate change.
We only surveyed those from the UK’s FTSE 250 - or equivalent size - and who spend £1 million or more on energy.
This is because we wanted to gain an understanding of the challenges that Britain’s biggest businesses are facing on matters of climate change.
Interestingly, the research uncovered a large gap between the expectation amongst C-Suite Executives and the reality of the task at hand.
Here’s what we found:
86% agreed that the current C-Suite Executive team is pushing the environmental agenda forward.
Which is encouraging to see.
However, 80% of respondents also said they feel their C-Suite has unrealistic expectations regarding sustainability targets.