Stark warning from the Governor of the Bank of England

Peter du ToitI'm the founder of FutureWork IQ where I spend my time assisting businesses to improve their climate literacy so as to understand the projected impacts from the expanding climate crisis and how to adapt their workplaces in the face of these impacts.

Given the science and the unfolding of events based on the science, he is 100% correct.

Adaptation should be high on any executive teams agenda. The process of decoupling your business (or career) from fossil fuel touch points is important and urgent.

At a powerful tool in any companies toolkit to accomplish this is designing and deploying a digital workplace, which can enable flexible and remote working.

This way of working enables a business to break its reliance on daily commutes and regular business flights. (Transportation emissions) Also, if designed well, it can break reliance on a physical office, (electrical emissions) as has been shown by companies like Automattic, GitLab and InVision.

This would be a great “low-hanging fruit” start before turning attention to supply chains.

Carney added this dire warming:

“It was possible that the global transition needed to tackle the climate crisis could result in an abrupt financial collapse. The longer action to reverse emissions [is] delayed, the more the risk of collapse would grow.”

(Source: Firms ignoring climate crisis will go bankrupt, says Mark Carney)