Australian businesses go green
Australian companies are recognising the importance of being sustainable and that profit and purpose must go hand in hand. According to our recent Navigator survey of Australian companies, 85% agree that there is a need to reassess and review their operations to enable them to rebuild their business on firmer environmental foundations. This ensures that sustainability will remain high on the future agenda of Australian businesses.
Investing in a sustainable economy
As we emerge from the COVID-19 crisis, a recent report by WWF and EY, supported by HSBC offered a solution which enables environmental change whilst delivering on the nation’s ambitions to drive job creation. Clean energy, low-carbon and digital solutions are fundamental pillars of a better economy: improves quality of air we breathe, enhance our quality of life, limits the climate-related disasters. The cumulative gains for transforming the energy system could reach US$98 trillion between 2020 and 2050, greatly exceeding the related investment costs (US$15 trillion)*.
Future-proofing our cities
Forecasting an economy for a post-COVID world considers investment in climate change and ensuring for a sustainable economy ranks third out of seven major implications for mid- to long-term recovery. Better awareness of climate change challenges and the need for a more sustainable economy and infrastructure with a better environmental footprint on ecosystems**. The crisis has accelerated the change in consumption behaviour and broadened the public support for a cleaner economy and environmental responsibility