According to the National Oceanic and Atmospheric Administration, the 2017 Atlantic Ocean hurricane season hit a record of $306 billion in damages and aid. This statistic shows the severity and frequency of extreme weather and its consequences. For businesses, such cases can affect operations and the bottom line. As a result, companies today need to be mitigating this threat to the operations and finances in the future.
Extreme weather cases such as flooding, powerful storms, wildfires, etc. should be a concern not only to scientist and citizens, but to businesses as well. Operational disruptions due to weather can cause loss of revenue and productivity. There are ways businesses can lessen the impact of severe weather conditions and the most important way to tackle this problem is by realizing why extreme weather cases are happening in the first place.
Many sources point out that an increase in carbon in the atmosphere is trapping heat near the Earth’s surface, causing temperatures to rise, and weather patterns and norms to change. Human activity is a significant source of this carbon. Therefore, it is human activity that can help lessen environmental harms and possibly reverse the trend of increasing carbon emissions.
The Business Value of Sustainability
Practicing sustainability to reduce carbon footprint is more than just social responsibility; it is also a long-term strategy to reduce costs and save money. Reducing your organization’s emissions reduces the amount of carbon being put in the air. The more organizations find ways to reduce emissions, the more positive cumulative impact there will be on the environment, and their bottom line. The result? Reduced atmospheric heat, a smaller likelihood of extreme weather, and less chances to lose money.
Renewable Energy vs. Electric Systems
According to EPA data, 33% of human generated carbon emissions comes from electricity production. Options such as solar, wind, geothermal, or other alternative clean energy sources can help significantly lower such emissions and create a more sustainable and green environment.
Aside from reducing emissions, a greener electricity supply can improve local economies by creating jobs. According to National Geographic, doubling the current share of renewable energy has the potential to create half a million new jobs.
The Bottom Line
Renewable energy makes perfect business sense and should be considered for every business. The benefits of sustainability go beyond just increasing the bottom line. Businesses can make a great environmental impact as well as contribute to the economy all by improving the quality of the building and increasing efficiency.