The Critical Implications Of Climate Change For Business

What are the critical implications of climate change for business? A business plays a heavy and critical role in the contribution to global climate change. Suzanne Goldberg (2013) reports that only 90 companies worldwide caused two-thirds of the man-made global warming emissions. Oil, coal and gas companies are the major players in the global climate change crisis of the 21st century (Goldberg 2013). Companies such as Chevron, Exxon and BP are three of the highest contributors of greenhouse gas emissions. A staggering statistic from Suzanne Goldberg (2013) states that half of the total global emissions were produced in the past twenty-five years; which is a long time before governments and corporations became aware that the burning of coal and oil were causing dangerous green house gas emissions. Businesses can now choose to run their companies sustainably and this in turn, will help reduce the effects of climate change. A critical implication for business is that if they do not reduce greenhouse gas emission they will be slowly transitioned out of the industry. For companies recognizing the need to change, one option is to operate as carbon neutral. By operating as a carbon neutral company they will be aiming to reduce their carbon emissions to zero (Carbon Neutral 2010; Australian Government n.d). To become a carbon neutral company they must first measure their carbon footprint and then reduce emissions, then offset any remaining and unavoidable emissions. It is quiteShow MoreRelatedCritical Thinking And Self Reflection, Tyson Foods Inc.1000 Words   |  4 PagesThrough critical thinking and self-reflection, Tyson Foods Inc. will be able to uncover the truth claims, weigh the evidence, examine the underlying assumptions or opportunities, and eventually make appropriate decisions to reconstruct their current strategy (Kurucz, Colbert Wheeler, 2013). 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