Businesses risk non-compliance -- will their sustainability plans hold water in the face of changing regulations?
Organizations have a critical part to play in combating climate change through more sustainable supply-chains, the source of approximately 70 percent of business carbon emissions. Not only will this prevent them from being caught off-guard in the short and long term, but it will also be significant for laying out the company's green future. Failure to do so could see businesses alienate customers, lose sales and become irrelevant in an eco-driven world. Businesses in the UK must wake up -- it's time to think sustainably about supply chains.
In the face of upcoming sustainability regulations, there is more emphasis than ever for UK businesses to renew their focus on ESG. We've already begun to see changes following the creation of the Green Claims Code, which aims to ensure that organizations are not misleading consumers by making claims about sustainability without actually having a concrete plan in place. The green agenda has also been bolstered by upcoming requirements for listed UK businesses to publish net zero plans.