Climate Change: How businesses are part of the challenge and the solution!

In addition to everyone’s individual role, the professional world also has a major impact on climate change, both positive and negative. But how can organisations position themselves in this context and play a positive role?

Impact on businesses

As we all know, the concentration of greenhouse gases has increased significantly over the last decade. These gases create a layer in our atmosphere that allows sun rays to pass through but that also blocks the Earth’s heat and are the key reason of global warming.

Companies already feel the impact of climate change on every aspect of their day-to-day operations: regulations, certification, communication, facilities, fleet, recruitment, strategy and positioning, (international) supply chain management, …, etc. The biggest challenge companies are facing is reducing their carbon emissions by implementing a sustainable approach.

If we look at the distribution of CO2 emissions around the world, only 100 companies have been responsible for 70% of emissions since 1970.” Decolonial Atlas by Jordan Engel

The economics of climate change

Society is becoming increasingly concerned about climate change. The greatest concerns are related to:

  • Business profitability
  • International competitiveness
  • Employment opportunities

At first sight, economy and climate don’t seem an ideal combination. However, businesses are starting to realise that preventive measures will protect the economy in the long run. There is also a major shift in economic thinking. The environment is becoming more important and companies are starting to consider the climate challenge as an opportunity.

Where do you stand on climate change?

Some companies position themselves as sustainable companies and effectively translate this into concrete actions. But other companies abuse the prestige of “sustainable business” for a better image. They position themselves as more socially responsible than they really are. This so called “greenwashing”, doesn’t always happen intentionally. Some companies do take some eco-friendly actions, but their core business is still anything but sustainable.

It is clear that companies have both a positive and a negative impact on our climate. But there is still a long way to go. Want to find out how your business can become more sustainable? Then keep an eye on our LinkedIn page and our website for our next article, filled with tips and tricks!

With over 4,000 employees, Koramic2Engage, is always looking for new ways to reduce their carbon footprint. As a market leader in the customer contact sector in Belgium, Koramic2Engage, is the first to go far in terms of sustainability and corporate social responsibility. The company is taking major steps forward, but also realises that there is still a lot of work to be done.
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