Decoupling GDP growth with emissions is a key priority for governments around the globe. Climate change policies are being developed and enforced to promote the decarbonisation of the environment.
This will be a huge challenge for organisations of all sizes and will lead to the phasing out of a few industries or sectors. It is important for organisations to align their activities with these initiatives to remain profitable. Shifting to cleaner fuels and technology, acknowledging climate change as a threat and taking responsible business decisions, improving energy efficiency etc are necessary steps to remain competitive. Green business strategies are equally important for both energy-intensive sectors as well as low-carbon emitters. A green business strategy opens up a lot more business opportunities, helps you comply with a lot of regulations, and is also a priority for value-based investors.