-
Essay / Benefits of Climate Change and Business - 1938
Climate Change and Business: Are Businesses Profiting?Climate change is a problem that has become increasingly pervasive in all areas of life in recent decades . As the population increases, pollution increases alongside it, exacerbating climate change, which not only affects the environment but also impacts human life and businesses. Climate change is generally considered a negative force due to its effects on the environment and its projected impacts. However, climate change has had positive consequences for businesses. Climate change provides an opportunity for businesses to promote themselves by appealing to the public's environmental concerns. It also provides opportunities for businesses to take advantage of climate change through entrepreneurship and innovation in addressing environmental issues. Additionally, by adopting environmentally friendly practices designed as responses to climate change, businesses can reduce their production and operating costs. Due to climate change, companies are incentivized to adopt sustainable business practices, "taking the goal of sustainability and translating that into changes required by an individual organization – changes that maintain the organization's ability to produce human benefits, including necessary profitability. to survive, while optimizing the environmental impact of its operations. » Through this quest for sustainable businesses, businesses can benefit from the climate change that is ravaging the planet, by promoting a “green” image, “green” innovation and environmentally friendly practices. Although climate change has some positive effects on business, these optimistic results do not outweigh the extreme concern of middle of paper...... capitalize on public concern. They are able to use their efforts to mitigate climate change as a way to market their business and appear trustworthy to their consumers. Businesses benefit from climate change when they fight against it. They promote a trustworthy, socially responsible and sustainable image; innovate in technologies to meet public demand for environmentally friendly products; and modify their operations according to environmentally friendly procedures. Climate change itself does not have enough direct benefits for businesses to offset the costs of climate change on the planet. But it is rather how companies respond to climate change that provides the majority of beneficial effects. Thus, climate change itself has much higher costs than benefits for businesses, even if the business response to climate change generates some subsidiary gains..