Changing the way we do business is essential to addressing the challenges of environmental degradation. The market is the most powerful institution on earth, and business is the most powerful entity within it. Business transcends national boundaries, and it possesses resources that exceed those of many nation-states.Business sustainability
has come a long way. Today, more than 90 percent of CEOs state that sustainability is important to their company’s success, and companies develop sustainability strategies, market sustainable products and services, create positions such as chief sustainability officer, and publish sustainability reports for consumers, investors, activists, and the public at large.
has emerged as an umbrella term encompassing the investment asset class, technology, and business sectors which include clean energy, environmental, and sustainable or green, products and services. Clean technologies are known to improve the lives of people in both developing and developed countries, and therefore investments can render a nation competitive, offering added value to its citizens.
Clean technology includes a broad range of technology related to recyling, renewable energy, information technology, green transportation, electric motors, green chemistry Grey water, ZLD, and many more.
Emergence of Sustainable Supply Chain
management provides the opportunity to review processes, materials, and operational concepts from a different perspective. It incorporates the role of the environment in supply chain value creation.
Proactively incorporating sustainability concepts into your supply chain will decrease cost and add the value to operations. Moreover, promoting greater understanding of sustainability within the company’s supply chain will mitigate environmental, social, and market risks.
The Earth's climate has changed throughout history. Just in the last 650,000 years there have been seven cycles of glacial advance and retreat, with the abrupt end of the last ice age about 7,000 years ago marking the beginning of the modern climate era — and of human civilization. Most of these climate changes are attributed to very small variations in Earth’s orbit that change the amount of solar energy our planet receives.
Just as business operations are important, it is imperative to consider the impact of climate change on business operations, and potential impacts on sustainability. Acknowledging climate change as an inevitable factor, and recognising the need to adapt, involve bold decisions by business.