# data[].attributes.attachment_link.description
Shell has set itself an ambition to become, by 2050 or sooner, a net-zero emissions energy business.

# data[].attributes.attachment_link.readable_text
The world is at a tipping point when it comes to climate change, and over 80% of executives are concerned, according to Deloitte Global's 2021 Climate Check report. Perhaps that's because most global organizations are already starting to feel its negative impacts.

"It's hard to ignore the increasing number of catastrophic, climate-related events affecting populations and geographies all over the world-from wildfires to increased hurricane activity to droughts to extreme winter storms," says Deloitte Global CEO Punit Renjen. "Leaders acknowledge the business imperative of climate change and increasingly understand it to be an existential threat that can have long-term impacts on their people and business operations."

A warming planet creates a wide range of risks for businesses,from disrupted supply chains to rising insurance costs to labor challenges. Climate change and extreme weather events such as hurricanes, floods and fires, for example, have a direct impact on 70% of all economic sectors worldwide.

Climate-related events are already affecting more than 1 in 4 organizations worldwide, according to Deloitte Global's report. Public sector, consumer and life sciences/healthcare industries are the most worried about the business impacts of climate change, with over 80% of executives in these sectors expressing apprehension about the planet's future.

According to the survey, here are the top five ways that climate change is already impacting (or threatening to impact) companies across the globe:

1. Operational impact: Nearly 3 in 10 organizations are noticing the operational impacts of climate-related disasters, such as facilities damage and workforce disruption.

2. Scarcity/cost of resources: Resources like food, water and energy are at risk due to both environmental and human causes, with the energy and consumer industries reporting the greatest impacts.

3. Regulatory/political uncertainty: Rounding out the top three concerns, over a quarter of executives say they are wary about shifting regulatory and political environments. The banking and life sciences/healthcare industries overwhelmingly cited this as the issue impacting their sustainability efforts the most.

4. Increased insurance costs or lack of insurance availability: Executives are very aware of how climate-related events have, in some cases, led to dramatic increases in insurance costs.

5. Reputational damage: Environmental sustainability efforts are becoming core tenets of organizations' culture and brand identity.

Turning Concern Into Action
Despite these threats, many companies are still hesitant to make significant operational changes to address climate change, even though 81% of executives agree that businesses should make even greater efforts to protect the environment. Their hesitancy is most likely due to short-term thinking.

A focus on near-term business issues or demands emerged as the top obstacle for implementing sustainability initiatives this year-up to 37% from 30% in 2020. In fact, the majority of executives (65%) said their organizations needed to cut back on environmental sustainability initiatives in some way due to the pandemic.

But companies can't afford to wait any longer before taking action, Renjen adds. He stresses that while it's understandable that there may be a short-term lapse in prioritizing climate change based on immediate business continuity efforts, executives haven't taken their eye off the ball completely, which is promising for the longer-term actions that will be required by business.

"If we don't act, we are at increased risk of an alarming intensification and uptick in these climate-related disasters, which will likely affect almost every part of life as we know it," he says. "That's why it's imperative that we take collective action now to avoid worst-case scenarios down the line."

Fortunately, it's not too late to make a change, with nearly two-thirds of executives surveyed in the Climate Check agreeing that immediate action can limit the worst impacts of climate change. Among the organizations that are most concerned about climate change, a third also plan to accelerate their sustainability efforts over the next year.

Executives cited education and the promotion of science-backed climate research as the environmental actions that are critical to spurring action and pointed to collaboration as an important way to advance progress and inform public policy solutions. However, to make significant environmental progress, Renjen believes business and government have a larger role to play beyond education and advocacy. Renjen says, "Businesses are well positioned to lead on the innovations and technology that will help curtail private sector impact on the environment, and government should lead on the massive societal transformations required to combat and curtail climate change."

In the long term, sustainability is good for business, adds Renjen, and companies have an increasingly important role to play in protecting the environment.

"Business can only succeed if society thrives. Now, it is vital that we all take the urgent and immediate action to reach the goals of the Paris Agreement," he says. "While everyone has a role to play, we believe the future of our people, planet and profession depends on the business community taking measurable, decisive action on climate change."

# data[].attributes.attachment_link.title
Deloitte BrandVoice: Organizations Are Feeling The Pain Of Climate Change: Here Are Five Ways It's Affecting Their Business

# data[].attributes.attachment_link.description
The world is at a tipping point when it comes to climate change, and over 80% of executives are concerned, according to Deloitte Global's 2021 Climate Check report. Perhaps that's because most global organizations are already starting to feel its negative impacts.

# data[].attributes.attachment_link.title
Is capitalism incompatible with effective climate change action?

# data[].attributes.attachment_link.description
Leaders must support more ambitious targets and policies to achieve net-zero carbon emissions by mid-century, in order to turn back the clock on our shifting climate.

# data[].attributes.attachment_link.provider_name
Renewable Energy Magazine, at the heart of clean energy journalism

# data[].attributes.attachment_link.readable_text
Increased Risk Due to Extreme Weather

Scientists have linked climate change ¹ to increasing frequency and intensity of extreme weather events including storms, floods, droughts and heat waves. In the coming years, we will likely see more events that disrupt the operations of businesses and cause them extreme financial and physical damage. Severe weather is a primary reason that climate change increases risk for businesses. Because of this increased risk, insurance costs for many companies will rise as well.

Changes in Resource Availability and Cost

These extreme weather events have the potential to disrupt supply chains making getting the resources and materials businesses need more challenging. Severe drought and weather pattern changes may cause a shortage of crops used for food, apparel and other products. Rising electricity and transportation expenses may also increase the cost of moving goods. Regulatory restrictions on goods linked to climate change could also increase costs. Resource scarcity could drive companies to use alternative materials and recycle more waste.

As the climate changes, demand will shift. As global temperatures rise, for instance, demand for heating oil will decline - as will demand for other winter goods. More consumers are also prioritizing sustainability in the products they buy, shifting demand toward more environmentally friendly goods.

Harsher Working Conditions

As temperatures rise and weather patterns change, working conditions in some sectors may become harsher. Jobs that require physical labor, especially outdoors, will become more challenging, and health and safety risk in these industries will rise. This will increases costs in these sectors.

Regulations aimed at mitigating and preventing pollution will also significantly impact businesses. Companies that produce high levels of emissions will have to invest substantial funding into upgrading their facilities to reduce, capture or eliminate them. Energy companies, of course, are already working to shift their power generation toward cleaner resources.

Potential cap and trade programs 2 could also have a substantial impact on the economy. Under these systems, companies are legally allowed a set level of emissions. Companies emitting more than their legal limit must purchase extra credits. Businesses that keep their emissions below their legal threshold can sell their excess credits to other companies. Depending on how a firm handles emissions, a cap and trade program could be either an expense or a source of extra revenue for them.

Increased Public Pressure

As the public grows more accepting of climate change as fact, it becomes less accepting of businesses that don't work to reduce their environmental impact. Increasingly, consumers look for products that are sustainably produced or at least have a smaller environmental impact than other comparable products. Companies are also increasingly expected to be socially responsible and take steps to make their operations more environmentally friendly or to donate to environmental charities. This push has been part of the reason that large companies like IKEA, Swiss RE, Apple and Nestle have committed to 100 percent renewable energy ³.

So, how can businesses prepare for the impacts climate change will have on them? Many companies have already started to adapt, and all those that hope to succeed in the future will have to do the same.

The first step a business needs to take is to conduct an analysis to define how it impacts the environment, as well as the potential risks it faces due to climate change. In addition to risks, businesses should identify opportunities to improve their environmental performance. Companies should examine whether they can source alternative materials and evaluate the feasibility of sing renewable energy ⁴ such as solar, wind and biomass. Businesses can use this information to create an environmental management system ⁵ they use to improve their performance.

Climate change is much more than just an environmental issue. It will also have a profound impact on businesses in the years to come. To succeed in the climate of the future, companies will have to adapt.
Sources:
1. https://www.wri.org/blog/2017/09/extreme-weather-whats-climate-change-got-do-it

2. https://www.c2es.org/content/cap-and-trade-basics/

3. http://there100.org/companies

4. https://www.keramida.com/blog/how-companies-can-prepare-for-climate-change

5. https://www.iso.org/standard/60857.html

# data[].attributes.attachment_link.keywords[]
- how climate change will affect businesses

# data[].attributes.attachment_link.title
- How Climate Change Will Affect Businesses - Renewable Energy Magazine, at the heart of clean energy journalism

# data[].attributes.attachment_link.description
Increased Risk Due to Extreme Weather Scientists have linked climate change 1 to increasing frequency and intensity of extreme weather events including storms, floods, droughts and heat waves. In the coming years, we will likely see more events that disrupt the operations of businesses and cause them extreme financial and physical damage.

# data[].attributes.headline
If we have to spend more on switching to green energy - wages will be lower

# data[].attributes.subject
If we have to spend more on switching to green energy - wages will be lower

# data[].attributes.body
too rigorous of regulations will hurt workers

# data[].attributes.headline
Greenwash - can we greenwash the debate ...

# data[].attributes.subject
Greenwash - can we greenwash the debate ...

# data[].attributes.body
come out of the gate in favour of climate change

# data[].attributes.headline
Don't want corporations leaving Canada and moving elsewhere - if don't provide subsidies we can't continue to produce needed necessities (phones, etc which are necessary for digital connectivity)

# data[].attributes.subject
Don't want corporations leaving Canada and moving elsewhere - if don't provide subsidies we can't continue to produce needed necessities (phones, etc which are necessary for digital connectivity)

# data[].attributes.body
hybrid and electric cars aren't sustainable they might be better but finite resources used for the batteries and mining of the resources ravage developing countries and create despicable working conditions

# data[].attributes.headline
Subsidies for big corporations so that they can switch to green energy

# data[].attributes.subject
Subsidies for big corporations so that they can switch to green energy

# data[].attributes.headline
climate change regulations are closely monitored by government legislation (in the form of corporate law) - specifically the limits of what large corporations are able to emit, or affect our climate

# data[].attributes.subject
climate change regulations are closely monitored by government legislation (in the form of corporate law) - specifically the limits of what large corporations are able to emit, or affect our climate

# data[].attributes.headline
Climate Change Impacts on Businesses (to remind ppl that corporations are suffering too)

# data[].attributes.subject
Climate Change Impacts on Businesses (to remind ppl that corporations are suffering too)

# data[].attributes.body
1. facilities are being damaged and there's workforce disruption.
2. loss resources: food, water, energy
3. increased insurance costs
4. reputational damage.
^all these factors impact individuals, including workers of all levels. https://www.forbes.com/sites/deloitte/2021/04/16/organizations-are-feeling-the-pain-of-climate-change-here-are-five-ways-its-affecting-their-business/?sh=8206f8e4e0c2

# data[].attributes.attachment_link.readable_text
The world is at a tipping point when it comes to climate change, and over 80% of executives are concerned, according to Deloitte Global's 2021 Climate Check report. Perhaps that's because most global organizations are already starting to feel its negative impacts.

"It's hard to ignore the increasing number of catastrophic, climate-related events affecting populations and geographies all over the world-from wildfires to increased hurricane activity to droughts to extreme winter storms," says Deloitte Global CEO Punit Renjen. "Leaders acknowledge the business imperative of climate change and increasingly understand it to be an existential threat that can have long-term impacts on their people and business operations."

A warming planet creates a wide range of risks for businesses,from disrupted supply chains to rising insurance costs to labor challenges. Climate change and extreme weather events such as hurricanes, floods and fires, for example, have a direct impact on 70% of all economic sectors worldwide.

Climate-related events are already affecting more than 1 in 4 organizations worldwide, according to Deloitte Global's report. Public sector, consumer and life sciences/healthcare industries are the most worried about the business impacts of climate change, with over 80% of executives in these sectors expressing apprehension about the planet's future.

According to the survey, here are the top five ways that climate change is already impacting (or threatening to impact) companies across the globe:

1. Operational impact: Nearly 3 in 10 organizations are noticing the operational impacts of climate-related disasters, such as facilities damage and workforce disruption.

2. Scarcity/cost of resources: Resources like food, water and energy are at risk due to both environmental and human causes, with the energy and consumer industries reporting the greatest impacts.

3. Regulatory/political uncertainty: Rounding out the top three concerns, over a quarter of executives say they are wary about shifting regulatory and political environments. The banking and life sciences/healthcare industries overwhelmingly cited this as the issue impacting their sustainability efforts the most.

4. Increased insurance costs or lack of insurance availability: Executives are very aware of how climate-related events have, in some cases, led to dramatic increases in insurance costs.

5. Reputational damage: Environmental sustainability efforts are becoming core tenets of organizations' culture and brand identity.

Turning Concern Into Action
Despite these threats, many companies are still hesitant to make significant operational changes to address climate change, even though 81% of executives agree that businesses should make even greater efforts to protect the environment. Their hesitancy is most likely due to short-term thinking.

A focus on near-term business issues or demands emerged as the top obstacle for implementing sustainability initiatives this year-up to 37% from 30% in 2020. In fact, the majority of executives (65%) said their organizations needed to cut back on environmental sustainability initiatives in some way due to the pandemic.

But companies can't afford to wait any longer before taking action, Renjen adds. He stresses that while it's understandable that there may be a short-term lapse in prioritizing climate change based on immediate business continuity efforts, executives haven't taken their eye off the ball completely, which is promising for the longer-term actions that will be required by business.

"If we don't act, we are at increased risk of an alarming intensification and uptick in these climate-related disasters, which will likely affect almost every part of life as we know it," he says. "That's why it's imperative that we take collective action now to avoid worst-case scenarios down the line."

Fortunately, it's not too late to make a change, with nearly two-thirds of executives surveyed in the Climate Check agreeing that immediate action can limit the worst impacts of climate change. Among the organizations that are most concerned about climate change, a third also plan to accelerate their sustainability efforts over the next year.

Executives cited education and the promotion of science-backed climate research as the environmental actions that are critical to spurring action and pointed to collaboration as an important way to advance progress and inform public policy solutions. However, to make significant environmental progress, Renjen believes business and government have a larger role to play beyond education and advocacy. Renjen says, "Businesses are well positioned to lead on the innovations and technology that will help curtail private sector impact on the environment, and government should lead on the massive societal transformations required to combat and curtail climate change."

In the long term, sustainability is good for business, adds Renjen, and companies have an increasingly important role to play in protecting the environment.

"Business can only succeed if society thrives. Now, it is vital that we all take the urgent and immediate action to reach the goals of the Paris Agreement," he says. "While everyone has a role to play, we believe the future of our people, planet and profession depends on the business community taking measurable, decisive action on climate change."

# data[].attributes.attachment_link.title
Deloitte BrandVoice: Organizations Are Feeling The Pain Of Climate Change: Here Are Five Ways It's Affecting Their Business

# data[].attributes.attachment_link.description
The world is at a tipping point when it comes to climate change, and over 80% of executives are concerned, according to Deloitte Global's 2021 Climate Check report. Perhaps that's because most global organizations are already starting to feel its negative impacts.

# data[].attributes.headline
Corporate law works closely with Government of Canada -  in fact, recently, the have legislated a first of its kind climate accountability net-zero emissions law

# data[].attributes.subject
Corporate law works closely with Government of Canada -  in fact, recently, the have legislated a first of its kind climate accountability net-zero emissions law

# data[].attributes.body
by or before 2050 - large corporations will take their power and allocate their resources responsible. Namely, The Act  provides accountability and transparency by: Requiring an emissions reduction plan, Providing for a comprehensive review of the Act five years later. AND

Enshrining the role of Indigenous Knowledge in the climate accountability process.

# data[].attributes.headline
Pushing for greener solutions will allow us to gain government subsidies and help keep our market share. We do not experience any major losses through green solutions, we simply need more government support in running business

# data[].attributes.subject
Pushing for greener solutions will allow us to gain government subsidies and help keep our market share. We do not experience any major losses through green solutions, we simply need more government support in running business

# data[].attributes.headline
Business leaders/large corps. need to start treating carbon emissions as costly, because they are or soon will be, and companies need to assess and reduce their vulnerability to climate-related environmental and economic shocks as Uma stated

# data[].attributes.subject
Business leaders/large corps. need to start treating carbon emissions as costly, because they are or soon will be, and companies need to assess and reduce their vulnerability to climate-related environmental and economic shocks as Uma stated

# data[].attributes.headline
Electric cars and other sources of renewable energy have still kept our profits

# data[].attributes.subject
Electric cars and other sources of renewable energy have still kept our profits

# data[].attributes.headline
There is a good projection and outlook for our solutions

# data[].attributes.subject
There is a good projection and outlook for our solutions

# data[].attributes.body
Shell has agreed to stay in the Paris agreement

# data[].attributes.headline
Increased public pressure and tightening of resources has forced us to consider the general public in green solutions to keep profit up. Exploitation of a new market, opportunity

# data[].attributes.subject
Increased public pressure and tightening of resources has forced us to consider the general public in green solutions to keep profit up. Exploitation of a new market, opportunity

# data[].attributes.body
1 degree C increase
= time for farm work up by 7%,
= time for off-farm work up by 7.8%

Gender:
womens’ time from farm work to off-farm work.