What are the implications of doing nothing?
Do nothing and you run the risk of:
- Increasing the impact of climate change
- Losing out to your competitors who gain a reputation for ‘doing the right thing’
- Losing customers who prefer to buy from businesses that have a positive environmental impact (research says that over half are willing to pay more to buy from such businesses)
- Restricting your financial sources as banks and lenders start to impose net zero requirements (signatories to the Net Zero Banking Alliance aims to achieve net zero conditions on their lending, especially for the most carbon intensive sectors, by 2050)