How do companies adapt to a sustainable future?
In the climate report for 2021 the climate panel of unites Nations – IPPC (The Intergovernmental Panel on Climate Change) describes for the first time ever the climate change as being indisputably a result of human behavior. Furthermore, climate change is associated with the extreme weather conditions we have witnessed.
The IPCC concludes that the Earth in approximately 20 years is expected to be 1.5 degrees warmer compared to the years from 1850-1900. The increasing temperature is already causing permanent damage and bring us closer to the tipping point where abrupt changes must be expected due to global warming such as polar ice melt or coral reefs disappear.
To counter global warming, the IPCC recommends that the world halve the total CO2-emissions by 2030 and that we reach Net Zero emissions by 2050 for all countries. To reach Net Zero it implies zero emission from all human activity.
On the journey towards climate neutrality, we face enormous technological, financial, and political challenges and at the same time a significant time pressure. The idea of being 100 % climate neutral is difficult and we experience that a lot of companies are very keen to adapt to a more sustainable agenda but have difficulty finding “safe haven”.
In general, the green transition is a challenge to many companies as they do not know where to start and how. But soon all companies will face requirements regarding CO2-emission from the European Union which means that the companies must face the challenges and change to survive and the sooner the better.