Businesses across the world are under increased pressure from regulators and the civil society to adopt sustainable business practices to complement the global climate change mitigation efforts.
Studies show that consumers are also becoming increasingly environmental conscious, seriously scrutinising the environmental impact of the products and services they consume and steering clear of businesses they deem ‘unsustainable’.
This has made sustainability a ‘badge of honour’ that every business wants to have, but questions abound whether organisations are doing the most they can to become sustainable even at the expense of profits.
At the Africa Climate Summit (ACS) this past week, the Africa Business Leaders Coalition (ABLC) – a group of top business executives working towards sustainable business practices – repeated their commitments made at COP27 in Egypt last year to adopt sustainable practices such as increasing the share of renewable energy use and investing in climate-adaptation solutions.
