The effects of climate change on the retail sector are widespread — and that includes its customers
The much anticipated and recently Intergovernmental Panel on Climate Change report presents a concerning summary of the current and future state of the climate. The IPCC report must serve to inform world leaders as they continue deliberations this week at COP26 in Glasgow to craft a plan to mitigate and adapt to a changing climate, fairly and equitably.
The effects of climate change on the retail sector are quite widespread. Suppliers and supply chains are affected by the availability and sourcing of key commodities due to climate-induced effects on the agricultural sector. Adverse weather conditions threaten manufacturing facilities and logistics networks, presenting challenges to the quality, price and availability of goods.
The retailing sector also contributes to climate change. There are greenhouse gasses released across the retail value chain — from upstream activities such as agriculture, manufacturing, warehousing and transportation, to the energy needed to operate stores. Downstream emissions come from waste dumped in landfills and customers using electricity to prepare food, and power appliances bought at retailers.Climate-related risks are concerning for the Shoprite Group.
Notably, Shoprite’s renewable energy consumption increased more than threefold in the last financial year, and 25% of its electricity consumption is already contractually committed to renewable sources over the next seven years. Additional measures include reducing food waste and increasing recycling. While ambitious targets and commitments are necessary, meaningful plans and actions are critical.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lewis Group predicts higher earnings off low baseRetailer’s first-half headline earnings per share are expected to be 35% to 45% higher 🔒
Read more »
LETTER: Entitlement monster is on the looseBred by the ANC quota ethos, the construction mafia is moving in on green energy
Read more »
Doctors want choice for health workers in Covid-19 vaccine boosterJ&J won the right to run research on the 500,000 health workers who received the company’s shot in an initial study
Read more »
Singapore to stop paying medical bills for the 'unvaccinated by choice'Singapore will from next month stop paying coronavirus medical bills of those who are unvaccinated by choice, officials have said, as a fierce outbreak put the city-state's healthcare system under strain.
Read more »
Dudu Busani-Dube talks about seeing her book come to life in new Showmax telenovela The Wife | ChannelDudu opens up about the casting choices for the show, and why the telenovela adaption is 'the biggest thing that has happened' to her.
Read more »