Bold climate action benefits more than just the environment – it’s also great for business

Thu, 26 Sep 2024 11:50:08 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://theconversation.com/bold-climate-action-benefits-more-than-just-the-environment-its-also-great-for-business-237771>

"As the world grapples with the intensifying challenges of climate change,
businesses are under increasing pressure to take action.

To avert catastrophe, this will have to go beyond merely complying with new
regulations and minimum standards. Business must lead the charge in good faith.

Yet still too often, taking bold action on climate is painted as a kind of
tradeoff – that because it costs money to act, doing right by the environment
comes at the cost of doing good business.

Our recent research calls this myth into question. We found improving carbon
performance can go beyond addressing environmental concerns and provide
tangible financial benefits.

Our study, spanning almost two decades of data from firms across the
Asia-Pacific region, found that superior carbon management is linked to
significantly lower financial risk.

That offers evidence taking action is no longer just an environmental
imperative – it’s also an essential financial strategy."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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