Businesses continue to focus on short-term, Carbon Trust report finds
Source: Greenwise Business
Over three quarters of global businesses leaders recognise the bottom line risks from the direct impacts of climate change, according to a new report from the Carbon Trust.
However, the paper notes that many businesses are failing to have a clear vision of how they will adapt considering sustainability challenges.
The report aims to explain how large businesses are responding to climate change and resource scarcity, both of which can affect productivity and profit, as well as assessing long-term opportunities and risks.
The paper argues that businesses are “living in two realities”, recognising and accepting the risks and opportunities of an environmentally sustainable future but continuing to focus on the short-term. While the businesses involved in the research believe change will continue, most have no clear vision of how they will transition.