Time is almost up for business leaders who do not have a net-zero plan

If your company doesn’t have a plan for competing and winning in a net-zero economy, it’s time to make one. From a business perspective, the transition to a net-zero economy has passed an inflection point.

Large public companies now face pressure to eliminate carbon emissions from their supply chains, operations, and products and services, or for capital providers from their financed emissions. . And this pressure will intensify and spread, to smaller public companies and to private companies. There will be no place to hide.

Research shows that the physical risk from climate change is significant in many regions, harming people, damaging assets, and interrupting business activity and that the risk will continue to increase until the world achieves net-zero emissions. Leaders in government and finance understand that the only way to stop physical hazards from increasing is to halt emissions of carbon dioxide and other greenhouse gases, which cause climate change. Overall companies need to decarbonized quickly

However, the net-zero transition will have far-reaching implications, which many executives have yet to appreciate. It is sometimes thought that the cost of carbon will be shared among companies and passed on to consumers. Which is not fair. Costs will be unevenly distributed: Companies with carbon-intensive product portfolios and operations, large policy exposures, and low levels of technological sophistication will pay the most. That reality will alter the basis of competition in every industry and steepen every commodity cost curve. The distance between low-carbon leaders and high-carbon laggards will widen. Companies in the latter group may not have a viable business.

On a positive note, Anglo Tasman can assist businesses with sustainable solutions it offers to help decrease carbon emissions and improve energy efficiency for their buildings.

Visit the following pages for more information

https://www.anglotasman.com/sustainability-solutions/cryogen-x4

https://www.anglotasman.com/sustainability-solutions/skycool