The transport industry will be significantly impacted by climate change due primarily to its growing carbon emissions contribution. As a high emissions business legislation has already had a significant cost implication to the aviation industry in Europe and is expected to push deeper into all transportation companies’ profitability. Dependency on fossil fuels without viable alternatives have locked transport companies into a downward spiral of increased cost and increased competition. Physical risk from severe weather events threatens to disrupt transport routes and key transport industry market drivers such as tourism.

Opportunities

Leaders like Air New Zealand and Virgin Active have pioneered successful flights with various mixes of biofuels and traditional fossil fuels. With growing legislation regulating emissions all transport companies need to establish strategies on how to take advantage of renewable fuels like biodiesel or ethanol. Internal energy efficiencies should be explored as a foundation on which to become a low carbon business. Full energy efficiency programs including education of employees should be implemented to reduce emissions annually. This will lead to significant productivity increases as well operating cost reductions.

GCX Services: What we can do

Efficiencies – GCX will assess your companies’ carbon emissions through a carbon footprint and a business case energy efficiency audit
The next step is to reduce your carbon emissions by working with you to set targets and budgets and then implement reductions and achieve cost cutting goals. Reductions include Education campaigns to ensure that your employees support internal initiatives. GCX will also monitor your emissions on an ongoing basis. As you embark on the journey to become a low carbon emission business you can gain significant marketing and PR traction and differentiate your brand as a climate change leader.

Legislation and Reputation – GCX will determine the impact of legislation on your business and how best to respond to ensure that your profitability is not impacted. This includes determining the reputation risks exposed by being associated with high carbon emissions businesses.

Adaptation - Adaptation is the adjustment in systems in response to actual or expected climatic events or their effects, which moderates harm or exploits beneficial opportunities. GCX will look carefully at the impact that climate change will have on your business including your supply chain. Our specialists will show you the risks inherent in your business model and help to implement ways to reduce this risk.