"Both Nunez and Cheah-Foong see sustainability as the cost of entry in business today. Companies can’t afford to stand still, they need to be transitioning to a sustainable business model.
Nunez points out that as a business owner, even as an individual, it’s clear that business-as-usual cannot continue. The latest IPCC report, published in April, shows that the world is still on a course to surpassing 1.5 degrees of warming, which will have dire consequences.
“The world faces unavoidable multiple climate hazards over the next two decades with global warming of 1.5°C (2.7°F),” the IPCC said2 . “Even temporarily exceeding this warming level will result in additional severe impacts, some of which will be irreversible.”
This level of urgency means that even simple steps will help. Nunez recommends looking at the basics – water and energy usage, for example. The key question is; what’s material to your business? While there’s no perfect solution, every step taken now will help, and is very likely to also cut costs or increase efficiencies in your business.
Cheah-Noong adds; “It doesn't matter how big you are, how small you are and where you are on this journey because we are all learning as we go. There's a lot of information on the internet already about how to start your sustainability journey and what you need. And then your target company has already published all of its information, so you already know what you need to do before you get in there. Just make a start.”
To find out how HSBC could support your sustainability goals, speak to your relationship team.