The clock is ticking

Climate change will have overarching impacts on Australian businesses, and fully grasping the imminent challenges will be the key to success in a “brave new carbon-constrained world”, a report has said.

Professional services firm Deloitte has released a report, Helping you to understand the climate change Green Paper, which identifies the key issues, interprets the impacts, and articulates how to develop an appropriate response to the carbon economy.

“The Carbon Pollution Reduction Scheme will fundamentally change the economic environment,” said Deloitte Australia’s chairman Wayne Goss.

“However many Australian businesses are still at the early stages of understanding exactly how these changes will affect them.”

Mr Goss said climate change is no longer just an issue for the environmental or sustainability team, but it applies to every level of management whether it is tax, supply chain, corporate governance or reporting.

“Climate change is about to become an everyday business challenge with far reaching implications across the organisation and it will therefore be elevated to the agendas of every board,” he said.

Jon Stanford from Deloitte Economics, who led the firm’s review, said: “Businesses now recognise that the scheme will introduce significant structural change in the economy. It will change relative prices and costs, demand new structures and supply chains, and present opportunities to some sectors and limit others.

“It is now recognised that some organisations will prosper, while others will linger for a while and then disappear. Adaptation and action will be the key to survival in this ‘new world’.”

The report is available at www.deloitte.com.au

You may also like to read:


, , , , , ,

Comments are closed.

Newsletter

Sign up with your business email address to keep up with the latest industry news from T&L. Newsletter sent every week.

Most Read

Woolworths to spend $57m on partly solar-powered DC
Woolworths has been building on its solar power capacity wit...
Opinion: Inland railway – politics of disaster
Everald Compton Back in the days of his prime, Barnaby Joyc...
Logistics of the future: underground distribution
What logistics of the future could look like: cargo in conta...
IBM’s blockchain-based Food Trust arrives in Australia
Drakes deli team member and AFLW player Ebony Marinoff. Au...
The automation intersection – from MHD magazine
Logistics in Australia and New Zealand have arrived at an au...
Toll upgrades Nike warehouse to be wholly carbon neutral
Toll’s custom-built Nike warehouse in Melbourne’s Altona...

Supported By