One of the biggest problems right now is the current climate issue. Companies such as those in the fossil fuel sector and factory farming, are the majority to blame for past and present carbon emissions. I think that businesses need to do more to lessen their carbon footprint. A study by The Carbon Majors Database found that since 1988, just 100 corporations have produced more than 70% of the world's greenhouse gas emissions. This shows the necessity of business action in resolving the climate crisis. What does it mean for businesses to act more responsibly? It means taking action to lessen their carbon footprint, such as using renewable energy sources, increasing energy efficiency, and funding the development of low-carbon technologies. It also means being accountable for their environmental actions and being transparent about their emissions. Getting polluting industries to change their behavior is not easy. Companies must make money for their supporters, which conflicts with the requirement to change emissions. Governments have the power to reward and punish businesses to motivate them to take action. Companies might be subject to a carbon tax, based on their emissions. Corporations would have an incentive to cut back on emissions as a result. Consumer pressure can also be helpful for motivating businesses to take action. Consumers can pay choosing to support companies that are sustainable. This can create a demand for sustainable products and services, which can drive corporations to take action.

References:

The Carbon Majors Database. (2017). https://www.theguardian.com/sustainable … ate-change
Climate Action Tracker. (2021). https://climateactiontracker.org/global/temperatures/
United Nations Framework Convention on Climate Change. (n.d.). https://unfccc.int/process-and-meetings … convention