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Economy

Business Shake Up Needed to Hit Sustainability Targets

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IEMA have released a report that urges businesses to change some key aspects in order to become more sustainable. They say businesses need to do more to tackle worldwide problems. The IEMA report outlines the need for new innovative business models and strategies in order to meet these goals.

“Beyond the Perfect Storm: The Corporate Sustainability Challenge” states that a “business as usual” approach is driving us past the planet’s environmental and social boundaries. Yet it is still not too late for businesses to move away from “sustainability trade-offs” into a new age of innovation and resolution of sustainability challenges.

Building on IEMA’s 2014 report “Skills for a Sustainable Economy: Preparing for the Perfect Storm”, this new report – launched at industry event EdieLive – gives an updated “storm warning” to businesses worldwide. A swirling succession of business dependencies: climate change, population growth, loss of natural capital, water stress, resource scarcity, food supply and global development challenges indicate the pressing need for business action and innovation.

This new business briefing highlights that innovative business models and new ways to measure return on investment are needed to enable businesses to transform and that the strategic, and the tactical skills of Environment and Sustainability Professionals are central to this change.  The report also concludes work from IEMA’s 2014 White Paper, Defining Corporate Sustainability – providing focus and clarity for the profession around key definitions, terms and sustainability descriptors.

Nick Blyth, Policy Lead at IEMA and the report’s author, says that unless a transformative switch away from short-term thinking can be introduced, businesses – individually and collectively – will be unable to reap the rewards. He said: “Organisations can transform and mature towards the ambition of the truly sustainable business, but they need to establish a long view and look way beyond the “perfect storm”.  The urgency is clear but so too is the opportunity with very real tangible, financial and reputational benefits for those organisations at the vanguard.”

The report offers inspiring examples from leading companies including Marks & Spencer, ArcelorMittal, London-based office supply firm Wiles Greenworld and global professional services EY to evidence what is possible when long-term sustainability practices are adopted.

The business briefing also reveals current motivations, levels of understanding and barriers professionals in organisations are facing as part of their drive towards sustainability:

The three main reasons for organisations engaging in sustainability are to improve reputation, address client expectations and transform the business

The main barriers to delivering sustainability reported by sustainability professionals are financial, lack of management support and lack of clear strategic or operational alignment

75 per cent of professionals indicate that sustainable procurement is proving to be a significant ongoing challenge

Only 7 per cent of professionals surveyed as part of the research for “Beyond the Perfect Storm” said that “sustaining the business model” is their organisation’s primary motivation for engaging in sustainability.

Further findings from the research indicates that sustainability roles are developing and are actively enabling business transformation programmes. The profession is also maturing, with sustainability professionals now receiving a more positive than negative response to their work.  Over 60 per cent of these professionals now view corporate sustainability as a “change process where the organisation seeks to understand material issues, impacts and dependencies in order improve and transform their organisation”.

Nick Blyth said this report shows that we have reached a critical time for organisations and their ability to thrive in the future. He added: “There is no doubt that some businesses are further on in their journey to sustainability than others. The innovations being spearheaded by such businesses are inspiring and show what can be achieved when a long-term horizon is used. Many more need to follow suit – “Beyond the Perfect Storm” captures this vision and encapsulates what is possible.”

Visit the IEMA website to download a free copy of “Beyond the Perfect Storm: The Corporate Sustainability Challenge”.

Economy

New Zealand to Switch to Fully Renewable Energy by 2035

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renewable energy policy
Shutterstock Licensed Photo - By Eviart / https://www.shutterstock.com/g/adrian825

New Zealand’s prime minister-elect Jacinda Ardern is already taking steps towards reducing the country’s carbon footprint. She signed a coalition deal with NZ First in October, aiming to generate 100% of the country’s energy from renewable sources by 2035.

New Zealand is already one of the greenest countries in the world, sourcing over 80% of its energy for its 4.7 million people from renewable resources like hydroelectric, geothermal and wind. The majority of its electricity comes from hydro-power, which generated 60% of the country’s energy in 2016. Last winter, renewable generation peaked at 93%.

Now, Ardern is taking on the challenge of eliminating New Zealand’s remaining use of fossil fuels. One of the biggest obstacles will be filling in the gap left by hydropower sources during dry conditions. When lake levels drop, the country relies on gas and coal to provide energy. Eliminating fossil fuels will require finding an alternative source to avoid spikes in energy costs during droughts.

Business NZ’s executive director John Carnegie told Bloomberg he believes Ardern needs to balance her goals with affordability, stating, “It’s completely appropriate to have a focus on reducing carbon emissions, but there needs to be an open and transparent public conversation about the policies and how they are delivered.”

The coalition deal outlined a few steps towards achieving this, including investing more in solar, which currently only provides 0.1% of the country’s energy. Ardern’s plans also include switching the electricity grid to renewable energy, investing more funds into rail transport, and switching all government vehicles to green fuel within a decade.

Zero net emissions by 2050

Beyond powering the country’s electricity grid with 100% green energy, Ardern also wants to reach zero net emissions by 2050. This ambitious goal is very much in line with her focus on climate change throughout the course of her campaign. Environmental issues were one of her top priorities from the start, which increased her appeal with young voters and helped her become one of the youngest world leaders at only 37.

Reaching zero net emissions would require overcoming challenging issues like eliminating fossil fuels in vehicles. Ardern hasn’t outlined a plan for reaching this goal, but has suggested creating an independent commission to aid in the transition to a lower carbon economy.

She also set a goal of doubling the number of trees the country plants per year to 100 million, a goal she says is “absolutely achievable” using land that is marginal for farming animals.

Greenpeace New Zealand climate and energy campaigner Amanda Larsson believes that phasing out fossil fuels should be a priority for the new prime minister. She says that in order to reach zero net emissions, Ardern “must prioritize closing down coal, putting a moratorium on new fossil fuel plants, building more wind infrastructure, and opening the playing field for household and community solar.”

A worldwide shift to renewable energy

Addressing climate change is becoming more of a priority around the world and many governments are assessing how they can reduce their reliance on fossil fuels and switch to environmentally-friendly energy sources. Sustainable energy is becoming an increasingly profitable industry, giving companies more of an incentive to invest.

Ardern isn’t alone in her climate concerns, as other prominent world leaders like Justin Trudeau and Emmanuel Macron have made renewable energy a focus of their campaigns. She isn’t the first to set ambitious goals, either. Sweden and Norway share New Zealand’s goal of net zero emissions by 2045 and 2030, respectively.

Scotland already sources more than half of its electricity from renewable sources and aims to fully transition by 2020, while France announced plans in September to stop fossil fuel production by 2040. This would make it the first country to do so, and the first to end the sale of gasoline and diesel vehicles.

Many parts of the world still rely heavily on coal, but if these countries are successful in phasing out fossil fuels and transitioning to renewable resources, it could serve as a turning point. As other world leaders see that switching to sustainable energy is possible – and profitable – it could be the start of a worldwide shift towards environmentally-friendly energy.

Sources: https://www.bloomberg.com/news/articles/2017-11-06/green-dream-risks-energy-security-as-kiwis-aim-for-zero-carbon

https://www.reuters.com/article/us-france-hydrocarbons/france-plans-to-end-oil-and-gas-production-by-2040-idUSKCN1BH1AQ

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Economy

How Going Green Can Save A Company Money

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going green can save company money
Shutterstock Licensed Photot - By GOLFX

What is going green?

Going green means to live life in a way that is environmentally friendly for an entire population. It is the conservation of energy, water, and air. Going green means using products and resources that will not contaminate or pollute the air. It means being educated and well informed about the surroundings, and how to best protect them. It means recycling products that may not be biodegradable. Companies, as well as people, that adhere to going green can help to ensure a safer life for humanity.

The first step in going green

There are actually no step by step instructions for going green. The only requirement needed is making the decision to become environmentally conscious. It takes a caring attitude, and a willingness to make the change. It has been found that companies have improved their profit margins by going green. They have saved money on many of the frivolous things they they thought were a necessity. Besides saving money, companies are operating more efficiently than before going green. Companies have become aware of their ecological responsibility by pursuing the knowledge needed to make decisions that would change lifestyles and help sustain the earth’s natural resources for present and future generations.

Making needed changes within the company

After making the decision to go green, there are several things that can be changed in the workplace. A good place to start would be conserving energy used by electrical appliances. First, turning off the computer will save over the long run. Just letting it sleep still uses energy overnight. Turn off all other appliances like coffee maker, or anything that plugs in. Pull the socket from the outlet to stop unnecessary energy loss. Appliances continue to use electricity although they are switched off, and not unplugged. Get in the habit of turning off the lights whenever you leave a room. Change to fluorescent light bulbs, and lighting throughout the building. Have any leaks sealed on the premises to avoid the escape of heat or air.

Reducing the common paper waste

paper waste

Shutterstock Licensed Photo – By Yury Zap

Modern technologies and state of the art equipment, and tools have almost eliminated the use of paper in the office. Instead of sending out newsletters, brochures, written memos and reminders, you can now do all of these and more by technology while saving on the use of paper. Send out digital documents and emails to communicate with staff and other employees. By using this virtual bookkeeping technique, you will save a bundle on paper. When it is necessary to use paper for printing purposes or other services, choose the already recycled paper. It is smartly labeled and easy to find in any office supply store. It is called the Post Consumer Waste paper, or PCW paper. This will show that your company is dedicated to the preservation of natural resources. By using PCW paper, everyone helps to save the trees which provides and emits many important nutrients into the atmosphere.

Make money by spreading the word

Companies realize that consumers like to buy, or invest in whatever the latest trend may be. They also cater to companies that are doing great things for the quality of life of all people. People want to know that the companies that they cater to are doing their part for the environment and ecology. By going green, you can tell consumers of your experiences with helping them and communities be eco-friendly. This is a sound public relations technique to bring revenue to your brand. Boost the impact that your company makes on the environment. Go green, save and make money while essentially preserving what is normally taken for granted. The benefits of having a green company are enormous for consumers as well as the companies that engage in the process.

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