Climate change

24 Jan 2022

Companies Face Difficulties in Developing Effective Solutions amid Looming Climate Change Threat

Companies Face Difficulties in Developing Effective Solutions amid Looming Climate Change Threat

The Index Today

According to the recent research, there are over 80% of people would be motivated to exercise if incentivized by crypto...

Cryptocurrency

Recent Study Reveals That Crypto Motivates People to Exercise

On Friday, Prime Minister Ranil Wickremesinghe warned of a food shortage as the island nation battles a devastating economic...

Economy

Thousands queue for petrol, gas in Sri Lanka amid warnings of food shortages

ASML, a semiconductor industry and stock market giant, might have to think smaller. Or maybe bigger. Currently, it is building machines...

Technology

Computer chip giant ASML places big bets on a tiny future

Finance ministers and central bank governors of the United States, Japan, Canada, Britain, Germany, France and Italy - the G7, agreed on...

Economy

Money for Ukraine Priority in G7 Agenda; Inflation, Food a Concern

An auto safety agency in the U.S. said on Wednesday that it has opened an investigation into a fatal crash involving a Tesla...

Stock Markets

U.S. Agency opens investigation involving Tesla due to 14 Crash Deaths

Even as the threat of climate change gains increasing precedence, prominent companies across the globe are experiencing challenges in developing and implementing effective solutions to counter it.


According to a survey of 2,000 high-ranking officials conducted by Deloitte Touche Tohmatsu Ltd., over 97% of survey-takers acknowledged that the ongoing climate crisis has adversely impacted their companies. However, only 19% of them had instituted steps to counter the challenges posed by the exigency.


The respondents noted that they faced the greatest pressure from governments, investors, and the general public to take a more proactive approach towards countering climate change. About half of them believe that implementing adequate climate change counter-measures will vastly improve their company’s reputation, while nearly 25% of survey-takers hold that the same would hike revenues in the long-term.


Some of the key current steps taken by firms include switching to more sustainable supplies, curtailing travel in the aftermath of the COVID-19 pandemic, and hiking energy efficiency.


©Photo: Sandy Huffaker/AFP via Getty Images