Global Climate Changes And Its Effect On Our Business

INTRODUCTION: As a fast growing and large, UK based, food retailer, we sell products sourced from the UK, and internationally such as China and Russia. Therefore, global climate changes give very significant impact on our business: possibly huge losses without proper future planning. Thus, building sustainability as a core part of our business practices is crucial to minimise risk of losses and keep our shareholders feel ecstatic. The world agree that the carbon taxes will be imposed in response to climate change. According to world bank (2013), carbon taxes is a form of tax that explicitly and directly link to reduce carbon dioxide emissions. The main pressures of carbon tax are to ensure every emitter are taking responsibility of their carbon emissions and force them to shift to green production techniques. The concept is costs and selling prices of products with high associated carbon emissions will increase thus, affect profitability of businesses (Berners-Lee 2015). Evidently, this carbon taxes are not in line with shareholder interests as its costs money. Hence, discussion about strategic planning and actions of how to reduce carbon emissions practices are required ahead of time to create the most values for our shareholders and other stakeholders. Leadership actions in Supply chains One solution that companies have been trying to response to the climate changes problems while making stakeholders happy is through mitigation of greenhouse gas emissions.Show MoreRelatedClimate Change And Global Warming928 Words   |  4 PagesThis paper will discuss climate change and global warming on the economy. The paper also gives a description on climate change and global warming. As well as what it hold for future business owners. It will also discuss what the government is doing about climate change/global warming. Climate change is a long-term shift in the statistics of the weather (including its averages). 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