The best environmental challenge of the time is certainly climate change. Over the coming decades and years that this is going to have a stark influence on our lives. Not just throughout the physical changes in the weather, but also through changes in our energy intake, travel routines, and lots of different facets of our life. Companies won’t be unaffected by these changes. Markets will change, as will customer requirements and there’ll be a steep growth in legislation concerning climate change and greenhouse gas emissions. Creating a comprehensive corporate climate change strategy is therefore a vital part of good business management. This report provides a concise outline of those components that such a strategy should comprise.
The managing of climate change must embrace two different approaches: mitigation and adaptation. Mitigation addresses the decrease in greenhouse gases into the planet’s atmosphere. Carbon foot-printing and carbon accounting kind typical measures which are utilized within the frame of the strategy. Adaptation revolves around steps that tackle the modifications and vulnerabilities of this organization which will be present as a consequence of the inevitable physical shift in our lifestyle. A fantastic corporate climate change approach addresses both mitigation and adaptation.
1. Recognizing greenhouse gas emissions of this organization
A comprehension of the organization’s greenhouse gas emissions is essential in each respectable corporate climate change plan. To accomplish this a comprehensive greenhouse gas inventory needs to be made. The stock is the first measure to control and reduce emissions, which can also be crucial elements of a strategy. The stock together with the management and decrease forms the heart of a greenhouse gas accounting program. At this time there are just two globally recognized systems for greenhouse gas accounting accessible. All these will be the ISO 14064 standard as well as the Greenhouse Gas Protocol.
2. Understanding climate change vulnerability
Most large businesses have begun to earn a greenhouse gas inventory and have adopted measures to reduce their carbon footprint. As I explained in the introduction, adaptation also creates a significant part of a comprehensive corporate climate change plan. To create an understanding of an organization’s exposure to changes in the climate a summary of these operations, services, and products, transportation needs must be made in addition to a comprehension of the physical modifications to the climate where the organization functions. There are no definite guidelines about the best way best to develop a comprehension of the exposure to changes in the climate, though the United Nations Panel on Climate Change has released a selection of reports documenting the predicted changes to the climate at each of the worldwide areas over the course of the present century. Along with these worldwide books, many authorities have financed research forecasting the possible shift in the climate at a nationwide level.
3. Dedicate to decrease in greenhouse gas emissions
As a portion of a credible plan, a commitment to reduce greenhouse gas emissions needs to be drawn up at the senior level in the business enterprise.
4. Develop internal company capacity
Development of inner capability is a vital component to push through improvements to the greenhouse gas emissions as well as the climate change vulnerability. It’s the people inside the organization who are best positioned to determine practical solutions which will encourage any improvement program. Ensuring an adequate amount of knowledge and understanding within the members of personnel concerning this climate change problem that is confronting the organization is, therefore, an integral component in the strategy.
5. Utilize supply chain and participate with stakeholders
A substantial contribution to the carbon footprint of a commodity an organization creates is made throughout the processing by providers. Moreover, an organization ought to be conscious of the climate change vulnerability of its supply chain. The plan should therefore deal with the part of the distribution chain in managing climate change problems.
6. Adopt and implement development actions plan
The initial five components offer a comprehensive comprehension of the problems facing an organization as a consequence of changes to our climate. According to this understanding that an improvement program ought to be drawn up. Much like almost any commendable action plan the activities must include SMART goals, be fully financed, and apply to the organization’s climate change risks and chances.
7. Publish a Yearly report
The last part is the publication of a yearly report that shows progress against the action plan, which re-affirms the dedication to progress and balances for its carbon emissions.