Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Business doesn’t have the luxury to ignore climate change

Source: Sustainable Business Council

--

BusinessNZ says the Trump Administration’s decision to leave the Paris Agreement is a temporary speed bump in continuing to create a resilient economy.

Head of Climate Change Policy, John Carnegie, says "Tackling climate change remains in New Zealand’s long-term interests. We need to continue to progress the transition to a low-carbon economy in new and innovative ways.

"This may look different to what it was before the US pulled out of the Paris Agreement, depending on what transpires, but our goal remains the same".

The Sustainable Business Council says the move is disappointing, but it won’t stall the momentum in the business community to lower emissions.

"Forward-thinking businesses understand that climate change presents a major risk to their business," says Executive Director Abbie Reynolds.

"Businesses, Governments and civil society in New Zealand and around the world have already put climate change at the core of their strategies and actions. They don’t have the luxury of ignoring climate change. They know they have to transition to a low emissions economy."

"They see there are opportunities presented in the Paris Agreement - sustainable practices boost their resilience to future shocks and encourage greater innovation.

John Carnegie also says, "The next steps need to be cautious, with no knee-jerk reactions. It certainly won’t be business as usual, but the forward momentum will continue without doubt.

"The fact that this move has happened supports cautious, carefully thought-out policy. More than ever we need to be mindful of the international competitiveness of New Zealand exporters, as well as delivering what global consumers want."

The Sustainable Business Council is a division of BusinessNZ and has 91 members who’ve committed to lowering their emissions and operating in a more sustainable way. They make up more than 25% of the private sector’s GDP.

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Government: Delivering Lower Card Fees To Business

Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses ... More>>

SEEK NZ Employment Report: April 2021

OVERVIEW OF APRIL 2021: STATE OF THE NATION: April, for the second consecutive month, saw the highest number of jobs ever advertised on seek.co.nz. Applications per job ad fell 9% month-on-month (m/m). SEEK job ads were up by 12% m/m. SEEK job ads were ... More>>

Commerce Commission: Warns Genesis Over Business Billing Errors

The Commerce Commission has issued a warning to Genesis Energy Limited about billing errors concerning electricity line charges to business customers. Genesis reported the errors to the Commission. The Commission considers that Genesis is likely to ... More>>

Stats: Lower Job Security Linked To Lower Life Satisfaction

People who feel their employment is insecure are more likely than other employed people to rate their overall life satisfaction poorly, Stats NZ said today. New survey data from the March 2021 quarter shows that 26 percent of employed people who thought ... More>>

The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research

A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. Even under the lowest emissions scenarios, the future of reefs is not bright. More>>

The Conversation: Why Now Would Be A Good Time For The Reserve Bank Of New Zealand To Publish Stress Test Results For Individual Banks

Set against the backdrop of an economy healing from 2020’s annus horribilis , this week’s Financial Stability Report (FSR) from the Reserve Bank (RBNZ) was cautiously reassuring: the country’s financial system is sound, though vulnerabilities remain. More>>