Why Businesses should Mind Climate Change?

Credit: Pixabay

MJ Gonzales │ Executive Chronicles.com

A clean office environment improves work mood of office workers and delight customers to stay.  Granted that its profit-booster in the long run, business executives should also look in the bigger picture and that is implementing measures to help Mother Earth stays fit and fab. Why they should mind global problem like climate change?

According to Business Mirror columnist Doris Magsaysay-Ho, it’s for the sake of the global economy.   She commented that the Philippines alone is prone to disasters like typhoon and earthquake.  It’s like in just one powerful shake towering firms and lucrative will collapse. Those natural destructions could happen in a snap, but she warned that they would give long-term disruptions.

“MSMEs are among those that are most vulnerable to the impact of disasters. As such, it is important to capacitate MSMEs toward building business resiliency in their operations.  To do this, we need to develop best practices for strengthening MSME resilience, which will cover measures to mitigate the impact of natural disasters, financial crises and other unexpected events.  There is a lot to be drawn from lessons from responses to past crises and successful experiences in the use of micro-insurance and disaster-risk finance, “Magsaysay-Ho, also a representative of Apec Business Advisory Council (Abac), commented.

She added that now Abac is doing campaigns to strengthen infrastructure in Asia Pacific region.  Furthermore they also like that companies become ready by having essential instruments and tools to use in case of calamities.

Credit: Pixabay
Credit: Pixabay

In Australia, specifically in Queensland, part of their regulatory requirements for businesses is to follow what’s in National Greenhouse and Energy Reporting Act 2007.  On Queensland government’s Business and Industry Portal the cited that climate change’s negative effects in companies. Some of those are inability to communicate with clients when a calamity strikes, consumers may have negative impressions on businesses that are not eco-friendly, and companies spending more just to buy energy supplies.

“You may have increased insurance costs, more damage to property and resources, and disruption of power and water. Customers may be unable to visit or contact your business, or suppliers may be unable to deliver goods or services,” the government’s site shared.

Besides of being part of propellers against climate change, companies who do environmental campaigns also enjoy other benefits from it.  Some of those are garnering good public relations and  cutting their  unnecessary expenses .