Impact of Climate Change on Business Sustainability

  • Kodali Neeharika Chowdary and Shravani Gupta
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  • Kodali Neeharika Chowdary

    Student at University of Petroleum and Energy Studies, Dehradun, India

  • Shravani Gupta

    Student at University of Petroleum and Energy Studies, Dehradun, India

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Abstract

People are becoming more aware of how climate change and limited resources affect each other. This study gives an overview of how climate change affects business management based on how the world is organized. These two major concerns pose a threat to effective corporate management. Financial aid to deal with the repercussions of risk in business management is one way that regulatory and environmental organisations can help. For a nation, business is essential. Drought, storm surge, rising sea levels, and crop failures are all possible results of an increase in the average temperature. Initiating the practise of segregation in one's routine at work can help eliminate the negative impact. The theme of climate change and its potentially catastrophic effects is a topic that is frequently discussed by governments, scientists, environmentalists, and other groups. It has been claimed that industrial processes have a detrimental impact on the environment. Businesses should be monitored and encouraged to operate in a socially responsible way if we're going to reduce climate change's harmful impacts. The role of corporations and the actions they can take in response to climate change are the primary topics of this article. The article begins by focusing on two major themes: CSR and environmental responsibility in corporations. Thereafter, the article presents climate change as an issue of global environmental significance. Climate change extends beyond the effects of rising temperatures. The average temperature increase is just one indicator of bigger changes that will have knock-on effects on things like drought, flooding, storms, sea level rise, the ability to grow crops, and the spread of disease. While scientists have known about the correlation between GHGs and climate change for quite some time, political leaders have been sluggish to act and put in place measures to lessen the impact of this threat.

Type

Research Paper

Information

International Journal of Law Management and Humanities, Volume 6, Issue 3, Page 1757 - 1775

DOI: https://doij.org/10.10000/IJLMH.114962

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This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.

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