Seven gates can bring joy to a person" - this is the song of the group "Credo", but there are many more gates through which sustainability can enter the india phone number list company, "Said adriāna kauliņa, swedbank sustainability development manager in latvia, presenting considerations in favor of business sustainability. Swedbank hosted a discussion during the entrepreneurial experience days and world entrepreneurship week with representatives from altum, viršI and aloja starkelsen. Sustainability - the basis of a modern business approach employees, business partners, investors and the india phone number list general public expect a sustainable approach from companies. The dialogue between banks and entrepreneurs also increasingly raises questions about a company's non-financial performance, which includes esg ( environmental, social and governance ) aspects.
Trends show that sustainability performance standards will also become relevant for small businesses, which often operate only in the india phone number list domestic market. "No one will be able to avoid changing the business environment precisely because of the supply chains, as companies around the india phone number list world demand the same level of sustainability from their suppliers. The requirements of the eu taxonomy and other regulatory documents, which will come into force soon, will also spread through supply chains, ”explains adriāna kauliņa. The moment of truth - the forthcoming regulation and climate risks although the twists and turns of the legislation tend to be unpredictable, its direction is largely clear.
allowing the company's risks to be assessed in a timely manner. For example, knowing that the charge for co2 emissions will rise, it is possible to develop a plan to india phone number list reduce emissions in time to have a much smaller financial impact when the law enters into force. There are currently two new risks on the corporate radar that need to india phone number list be considered when thinking about future development strategies to ensure business continuity. Physical climate change - droughts, devastating rains, high temperatures at all times of the year, which can affect both the company's assets and earnings. As well as the transition risks arising from the transition to a low-carbon economy.