Resource crisis offers business opportunities
- Mitigation ,
- Management/saving ,
- Waste ,
Taking a proactive approach to resource efficiency helps firms to identify new commercial opportunities, says Carbon Trust in new report sharing best practice
BT, Bord Bia (the Irish Food Board), Stagecoach and Whitbread demonstrate that companies which prepare for the forthcoming “resource crunch” can boost their competitiveness, concludes the Carbon Trust in a report showcasing the sustainability efforts of the four firms.
With competition for land, water, energy and materials set to increase dramatically in the coming decades, the trust says that businesses need to assess their exposure to supply risks and that this will enable them to identify new business opportunities.
“We urgently need to find new methods of production, address wasteful consumption and develop innovative business models that put sustainability at the heart of business operations,” warned the trust’s chief executive Tom Delay.
The report highlights how, after assessing the environmental performance of thousands of farms, Bord Bia is able to demonstrate that the Irish agricultural sector has one of the lowest carbon footprints in the Europe, offering a way to differentiate itself from less sustainable competitors.
Meanwhile, Stagecoach has made sustainability key to its strategy to provide “greener, smarter travel”, which aims to produce fewer carbon emissions than its competitors and private car journeys. It has undertake a range of initiatives focused on fuel efficiency, alternative fuels, waste management and water conservation, for example, which has enabled it to improve the carbon efficiency of its global operations by 30% since 2007/8.
“Whatever sector, there are sustainability actions that present tremendous commercial opportunities for business leaders thinking beyond short-term gains and looking to truly establish a sustainable business model,” said Delay.
The Carbon Trust’s report, Opportunities in a resource constrained world, how business is rising to the challenge, can be downloaded from carbontrust.com
Demand for fossil fuels will peak by 2025 if all national net-zero pledges are implemented in full and on time, the International Energy Agency (IEA) has forecast.
The Green Homes Grant is set to deliver only a fraction of the jobs and improvements intended, leading to calls for more involvement from local authorities in future schemes.
COVID-19 recovery packages have largely focused on protecting, rather than transforming, existing industries, and have been a “lost opportunity” for speeding up the global energy transition.
Half of the world's 40 largest listed oil and gas companies will have to slash their production by at least 50% by the 2030s to align with the goals of the Paris Agreement, new analysis has found.
None of England’s water and sewerage companies achieved all environmental expectations for the period 2015 to 2020, the Environment Agency has revealed. These targets included the reduction of total pollution incidents by at least one-third compared with 2012, and for incident self-reporting to be at least 75%.
The UK’s pipeline for renewable energy projects could mitigate 90% of job losses caused by COVID-19 and help deliver the government’s ‘levelling up’ agenda. That is according to a recent report from consultancy EY-Parthenon, which outlines how the UK’s £108bn “visible pipeline” of investible renewable energy projects could create 625,000 jobs.
Billions of people worldwide have been unable to access safe drinking water and sanitation in their homes during the COVID-19 pandemic, according to a progress report from the World Health Organisation focusing on the UN’s sixth Sustainable Development Goal (SDG 6) – to “ensure availability and sustainable management of water and sanitation for all by 2030”.