Forward-Thinking Companies Capitalize on the Risks and Opportunities of Climate Change

On 22/10/2014, in Climate Change, Environmental Risk, Sustainability Strategies, by Dr. Paola Fiore

Risks and Opportunities of Climate Change

 

The Earth’s climate is affected by many natural factors, such as the angle of the planet’s axis with respect to the sun, geological activity, oceans and greenhouse effect, in which the greenhouse gases (carbon dioxide, methane, water vapor, etc…) withhold incoming sunlight, thus creating a dynamic equilibrium that enables the creation and preservation of life.

Since the industrial revolution, the levels of carbon dioxide have increased by at least 30% due to the burning of fossil fuels and changes in land use (deforestation and urbanization).

This anthropogenic climate change process has exacerbated the greenhouse effect, increasing the average global temperature by 0,6ο C during the 20th century.

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How to Communicate Environmental, Health and Safety Risks to the Public

 

As tension grew between several industries and local communities at risk over environmental pollution and human health, citizens, activists and governmental agency officials began to pay closer attention to the communication practices of the medium-to-large-sized companies and multinationals in describing these dangers.

In the last thirty years risk communication studies grown steadily as a consequence of the increasing complaints regarding the quality, trustworthiness and accuracy of the industry’s reports about risk issues and the interaction with affected communities.

But, how can we define risk communication? In general, we can say that risk communication is any public or private communication that informs people about the existence, nature, form, severity or level of acceptability of a risk.

In a more specific context, especially the one in which health, safety and environmental managers operate, the meaning of risk communication, as well as policies and strategies about how to communicate minor and major environmental risks to the public and stakeholders, has become more precise in its objectives and assumptions about the different target audiences that risk communication messages need to reach.

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Environmentally & Socially Responsible Market Leaders

On 19/04/2011, in Sustainability Strategies, by Dr. Paola Fiore

 

A growing number of organizations and networks are engaging with public and private companies to integrate sustainable development principles into their long term business strategies, and move ahead with the international movements for sustainability both at local and global level.

In the current debate around how to meet the challenges of corporate sustainability within the 21° century, there are several essential factors to consider that are usually categorized as economical, social, political, environmental, technological and global influences.

These influences deal with the key issue of transforming manufacturing and retail practices into more sustainable procedures and operations; and, such findings strengthen the conviction that economic prosperity should always ensure good health and a safe environment.

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5 Steps to Get Started with Sustainability

On 02/03/2011, in Sustainability Strategies, by Dr. Paola Fiore

 

Sustainability can create competitive advantage and higher profits on condition that organizations truly modify their mindset and culture, by polluting less the environment, helping society to growth in a more responsible way, and making more sustainable business.

The global economic crisis, geopolitical instability in Middle East, security of energy supply in the European Union, as well as environmental pollution, climate change and unfair labour practices are top issues that will continue to drive chance toward sustainability at local and global level.

Shareholders and stakeholders have growing expectations about the positive and negative impacts that companies and their businesses can have, or might have in the future, on natural resources, civil society and the economy.

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Increase the Triple Bottom Line & Improve Brand Reputation

 

Whether you are a CEO, or a member of a Board of Directors, as well as if you are a C-level executive, or a Senior or Middle Manager, you have to understand why you need to help your organization increase the Triple Bottom Line (referred to also as “TBL” or “3BL” – People, PlanetProfit) – and not just the Economic Bottom Line – and improve brand reputation.

On the one hand, every manager knows the meaning of the accounting terminology “Bottom Line”, as it describes the net income or loss that an organization makes at the end of a financial or fiscal year, and that is utilized to calculate the Earnings-Per-Share (EPS) of a business.

On the other hand, not every businessman recognizes what the definition of the “Triple Bottom Line” accounting method is about: i.e. analysis, management, measurement and communication of an organization’s environmental responsibility, its social awareness and economic profitability.

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