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The benefits of engaging in climate change mitigation through carbon trading and improved efficiencies, are significant.
Become influential and get ahead of the game:
Many
companies are getting entrenched in carbon markets to gain experience
to be able to influence the development of climate change policy and
regulation. Access to current information is crucial to enable
companies to be nimble in an uncertain, carbon constrained
future. Anticipate the risks presented by climate changed and be
prepared for amendments to legislation, policies.
Increase customer acquisition and loyalty:
With
increased awareness, all consumers (business and individuals) are
beginning to add weight to climate change in their purchase decision.
whether is be part of a multi million dollar supply chain or the
pruchase of a single mobile phone, consumers are switching and becoming
loyal to companies that are proving to be environmentally responsible.
Enhance brand positioning and value:
Ensure that your company is being seen to be a proactive visionary by doing the right thing and making a difference.
Differentiate yourself:
With
the mainstream awareness regarding Climate Change on the increase,
carbon neutral classification will become a purchase decision criteria
that differentiates your product from the rest. The sooner this
happens, the greater the window of opportunity to capitalise on this.
Gain competitive advantage through sector specific early-adoption.
Attract new investors:
In
light of the ever increasing awareness of the commercial risks and
demand for increased coporate responsibility; many of these activities
may eventually provide enterprise value as lenders and investors view
carbon-efficiency as an indicator of overall sound management.
Improve International appeal:
Be
able to compete in global industry that is fast evolving and cleaning
up their act. It is going to become a prerequisite for companies to
have enviro-credibility no matter where they are domiciled.
Revenue Opportunity:
For
certain companies to become net providers of credits through emission
reductions and sequestration projects. Reducing GHG emissions also can
create future business opportunities such as providing cleaner energy
sources and more efficient products.
Fossil fuel independence and Improved efficiencies:
Companies
will actually save money by implementing more efficient technology to
reduce their emissions. This leads to an added reduction in compliance
costs as well as the avoidance of any additional tax liabilities or
fines.
Limit insurance risk:
Proactive
companies also can buffer themselves from climate-related business
impacts such as rising insurance premiums for industrial activities and
tighter regulations that affect operating costs.
Improved public relations:
The
media is giving big coverage to companies that are doing something
about climate change. The offsetting and reduction of emissions can be
packaged in a way that significantly enhances public perception of the
company.
Employee pride and loyalty:
Employees
are the individuals who are exposed to increased coverage that climate
change has in the mainstream media. It would improve their loyalty to
the company and their give them a sense of pride that they are
contributing in some way toward mitigating the problem. The way
employers are perceived often impacts the way their employees are
perceived by others.
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