Covanta’s mission is to provide sustainable waste and energy solutions to ensure that no waste is ever wasted by providing communities and businesses with solutions to some of today's most complex environmental challenges.
Climate change and the global push for sustainability are uprooting traditional definitions of business risk, and that’s putting a bigger spotlight on how organizations across the world manage their waste. Due to climate change’s projected influence on supply chains, policies and regulations, customer demand, and even access to capital, the company that demonstrates the capacity to embrace environmentally friendly operations and seize opportunity in the markets that drive this shift is the company that will be deemed valuable to the market.
Larry Fink, Chairman and Chief Executive Officer of Blackrock Holdings said it best in his 2020 annual letter to CEOs, “Climate risk is investment risk. Over time, companies and countries that do not respond to stakeholders and address sustainability risks will encounter growing skepticism from the markets, and in turn, a higher cost of capital.”
But what are some of these areas that are at risk and how exactly can they affect business and the economy?
While many of the above impacts may seem distant, that is not the case. The world's climate system is nearing a tipping point, and recognizing the urgency of the situation can lead to more timely decision-making.
Businesses are often seen as the culprits, but they can instead be leaders in a global change for the better. After all, the situation is dire, it’s not hopeless—not yet. But what can be done now? One of the bigger answers is better materials management.
To learn more about climate change and where materials management fits in in combating it, download our Climate Change eGuide: How Better Waste Handling Drives Better Business.