Responsible business conduct is not a trend but a permanent change that companies should willingly embrace. Responsible companies take care of the environment as well as their employees, production chains and profitability. Investors and potential employees are increasingly assessing companies based on their responsibility actions. In addition, consumer expectations for true corporate responsibility continue to rise. Actions and transparency are required. It is hard to think of an industry that would not be affected by stakeholders’ expectations for responsible business practices. Responsibility requirements also widely impact the SME (small and medium-sized enterprises) sector because of the expectations relating to the production and sub-contracting chain. Clear business advantages encourage companies to strengthen their corporate responsibility. Integrating responsibility into the company’s strategy creates cost savings and brings new business opportunities. It is also a chance to come up with ideas for innovations that solve sustainability challenges. Mapping operational risks creates trust in the future and strengthens the company’s brand. According to one estimate, there is EUR 11 trillion worth of business opportunities in promoting sustainability targets. The capabilities, technologies and solutions of Finnish companies are desperately needed around the world.
As the world grapples with the climate crisis and biodiversity loss, it’s time for bold, decisive action. The private sector plays a crucial role in advancing sustainability, not only within their own operations but also through support for responsible forestry initiatives. In our “Unite in the Forest Fight” blog series, this is the first of three articles that unpacks the importance of forests in our collective efforts against the climate crisis and biodiversity loss.
The climate crisis and biodiversity loss are intertwined crises that demand urgent attention. The temperature rises signifies more than just a number – it’s the line between manageable challenges and catastrophe. While we can mitigate some effects at various temperatures, crossing the 1.5°C threshold reveals a tipping point we’re beginning to experience. However, it’s not about doom and gloom; it’s about recognizing the power we hold to make positive change. The path to a sustainable future is within reach, and the private sector plays a significant role.
more at: https://fsc.org/en/fsc-and-climate-part-1