As of recently, navigating weather patterns is the equivalent of a sailor trying to sail amid a raging storm. Unpredictable, messy and headache inducing. While we are still using the AC on cool temperatures in November, we are undeniably living in strange times.
The threat that lies within climate change effects all aspects of a country’s wellbeing. Be it food supply, air quality or extreme weather conditions, climate change has been at the centre of many problems. This has also caused businesses and leaders to question what steps should be taken to mitigate the consequences of climate change.
Compared to other continents or countries, Malta suffered fewer devastating complications due to extreme weather over the years. America and Australia, for example, faced multiple wildfires, while Florida’s Gulf Coast is notorious for hurricanes, forcing people to pack up essentials and leave everything behind when a storm starts brewing.
Nonetheless, even though not in the extreme, local businesses have also been impacted. How?
COVID-19 has left HR professionals and companies focusing primarily on short-term strategies and are forced to prioritise long-term strategies less, including how to tackle climate change consequences.
Rita Trehan, founder and CEO of DARE Worldwide, a global transformation consultancy, said that businesses should firstly assess the area that it operates from. Subsequently, she recommends laying out all possible issues that might arise and use the red, green and yellow scale to determine which should be monitored most and given priority.
She also highlighted the need for leaders to engage with local communities and workers who are facing such conditions to understand the implications.
Ms Trehan also pointed out that sustainability efforts should not be important solely for branding.
“Really think about what’s important to your organisation. It’s impossible for any company to tackle it all. Laser focus on what is going to make the biggest difference for your business and the communities you serve, because you have a responsibility to help the communities in which you are actually either present, sell to, and or a part of. Put that lens on your investments,” Ms Trehan said to business leaders.
Others have recommended businesses to use the PESTLE analysis technique, a model which is made up of six factors, all affected by climate change.
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