Climate change
Climate change is leading to global warming – a phenomenon that was already the subject of public discussion in 1976.
In 1992, the United Nations established the Framework Convention on Climate Change, to which 197 countries have so far acceded. Since then, 26 climate summits have been held.
What was agreed? Reduce carbon emissions from 51,000,000,000 tons (51 gigatons) of humanity-produced carbon emissions per year to 0 in order to keep global warming within a 2° Celsius range. Why is it 0? Because we need to reduce the 51 gigatons to 0 if we want to stop global warming.
To achieve this goal, companies must ensure that they retain their “social license” in an environment of diminishing institutional trust. Companies can consolidate these trends into a strategic framework for using “sustainability” or non-financial reporting.
According to www.breakthroughenergy.org, pollution comes from the following sources:
Construction industry: 31 %
Energy sector: 27 %.
Agriculture: 19 %.
Transportation, traffic (including ships and aircraft): 16 %.
Heating and cooling: 7 %
A contribution to nature, business and the return on investment
This means that the real estate industry is by far the largest contributor to carbon emissions savings. Compliance with environmental, social and governance standards not only helps our planet, but also improves business performance, creditworthiness and financial returns.
Here are some valuable options a company gains by adhering to ESG principles:
- Revenue growth
- Improved public image
- Long-term sustainability
- Optimization of the capital employed
- Increase employee productivity
- Reduction of costs/risks
- Better compliance with legal requirements
workcloud24 supports companies in achieving ESG compliance through ESG consulting, ESG software and ESG certification.
