Biodiversity

The consequences of global warming is increasing and extreme weather doesn’t just cause physical damage; climate change increasingly affects business-model development. Altered consumer behaviour, regulatory changes and new climate-friendly technologies are changing the composition of global markets. If companies fail to adapt to the changes fast enough, they risk losing their market position. Environmental damage is difficult to reverse and increasingly threatens the global economy. Environmental risks can have a big impact on a company’s sustainability therefore those with an ambitious sustainability strategy often benefit from greater investor interest. Governments are further strengthening the regulatory framework and creating additional incentives to do business sustainably. For example, the EU Commission recently reaffirmed its goal of making Europe the first climate-neutral continent in the world by 2050.