Companies and Climate Change: Understand the Correlation

As the effects of climate change gradually turn from projections to reality, the pressing urgency towards adopting cleaner and greener practices grows more imperative with each day. As of 2019, companies and industries are responsible for approximately 36.7 billion metric tons of CO2 being released into the earth’s atmosphere.

Climate change caused by global warming has been dictated to become irreversible once the threshold crosses the safe margin of 2 degrees. This understanding of the correlation between companies and climate change has pushed the former to adopt measures that rectify their carbon footprints and work towards a greener approach.

Operative and industrial-scale practices by companies that consume non-renewable energy in the form of electricity for their operations add on a much larger scale to CO2 emissions into the atmosphere. This factor showcases how the need to invest in a company-wide overhaul of non-sustainable operations has become a non-negotiable necessity today.

Companies and Climate Change

Climate change is spurred by the sheer volume of carbon dioxide that is emitted into the atmosphere by the companies that run the global economy. To sustain the monetary nature of these markets, companies strive towards large margins of profitability which is often at the cost of unregulated energy consumption.

The relationship between companies and climate change is a cause-and-effect relationship. The companies supply towards the demands of the masses while simultaneously also creating the demand themselves.

 This pursuit towards profitability leads to large-scale manufacturing of products or services; this demand, which consumes large amounts of energy (mostly non-renewable) is often quantified by the help of carbon footprints, as the energy spent is released into the earth’s atmosphere, leading to global warming.

The main point of contention with companies and climate change is how they are the largest contributors to the same. The need to create demand, supply, and profitability within the markets is mostly devoted towards economic growth and advancement, but the effects of the same are dangerously changing the course of climate and how it affects the planet.

The correlation between companies and climate change has long been identified and analyzed by economists, scientists, and business experts alike, and the ultimate inference is the need to innovate.

Investing in greener operative equipment, using renewable energy resources such as solar and hydropower, adopting regulatory mandates to keep power consumption in check is all part of moving towards ultimately diminishing the correlation between companies and climate change.

The foremost step towards moving into a more sustainable direction for most companies is by adopting a corporate climate action plan. This can be instrumental in establishing the company as an innovative space that can push towards greener industrial and operative practices. Additionally, data has shown positive results for investing in all solutions forwarded by a corporate climate action plan towards greater profitability in the foreseeable future.

For companies and climate change, it is important to note that while they are the problem, they are also the solution. In order to take larger steps towards mitigating climate change, companies and industries have to set an example since they are the largest contributors to the same. They can tangibly reverse the course of climate change by acting with urgency and also guiding consumers towards investing in companies that promise greener practices.

In order for these changes to occur, companies need to invest in equipment and operating systems that are created to consume less energy and last longer. Therefore, they should be supported by trusted electrical service providers that design equipment with the ideas of cleaner and greener energy consumption in mind.

Huynh Nguyen

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