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As the worldwide financial system recovers from the impression of the pandemic, companies have a possibility to re-build with extra socially and environmentally sustainable fashions.
WWF South Africa has recognized eight sustainability tendencies for companies to look at and give attention to in 2021, together with vitality and local weather, round financial system and good water.
The important thing tendencies on the agenda:
● World management
● Youth voices, transparency and belief
● Disruptive know-how
● Power and local weather
● Buyers exert strain
● The round financial system
● Water good
● World meals and biodiversity disaster
Eight sustainability tendencies to comply with
1. World management
The WEF Global Risk Report, Paris Settlement, Convention on Biological Diversity, UN’s 17 SDGs, and UN’s Local weather Convention / COP26 (November 2021) are simply among the key platforms and agreements that can proceed to drive world discussions with world leaders – in the private and non-private sector – concerning the setting, local weather change and sustainable growth.
2. Youth voices, transparency and belief
We anticipate to see a stronger focus and strain on human rights and environmental sensitivity in provide chains, with extra shoppers asking for higher transparency from manufacturers and companies, in addition to a rise in youth activism pushed by the ‘Greta Thunberg effect’.
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3. Disruptive know-how
New applied sciences in mobility, transport, communications, in addition to methods of working, will carry much-needed efficiencies to previous and outdated programs and processes. A pattern in the direction of utilizing remote-working instruments like Zoom, a necessity introduced on by the pandemic, is one instance of a optimistic alternative to cut back our mixed carbon footprint, supplied the IT sector handle their vitality utilization responsibly.
4. Power and local weather
Renewables are actually the most affordable type of vitality technology – a transparent incentive to quickly transfer away from burning fossil fuels, to a much more sustainable strategy for the worldwide vitality sector. This can’t occur quickly sufficient, as our window to take care of local weather change is shortening on a regular basis.
5. Buyers exert strain
A considerable pattern in the direction of development in sustainable funding implies that extra lenders will stroll away from alternatives in fossil fuels generally – and never simply coal. Shifting monetary flows in the direction of extra environmentally and socially accountable funding is crucial for coping with local weather and biodiversity challenges.
6. The round financial system
Alternatives to cut back our dependence on single-use plastics with its environmental penalties, together with legislative shifts in South Africa round prolonged producer duty, will push extra corporations to develop new fashions to make sure sustainability.
7. Water good
Considerations concerning water shortage and high quality in South Africa, in addition to globally, will proceed properly into the long run. Corporations might want to prioritise consciousness round water shortage and water safety of their operations and provide chains.
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8. World meals and biodiversity disaster
A lot of the worldwide biodiversity loss is being pushed by the present meals system, which is driving deforestation and land-use change. We have to produce meals extra sustainably, shift our diets and scale back meals waste. Covid-19 continues to focus on meals safety points in South Africa and world wide.
Time to ‘Construct Again Higher’
WWF South Africa is encouraging private and non-private sector stakeholders to construct again higher from the pandemic, and embrace an strategy to growth that promotes the wellbeing of people and the planet.
“Now we have an actual alternative to reply to the broader impression of the COVID-19 disaster, in a way that delivers systemic change for more healthy, extra sustainable and resilient societies in addition to economies,” says Justin Smith, Head of Enterprise Growth at WWF South Africa.
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