Mr Ibrahim Salau, the Chief Executive Officer of EnvAccord Limited, says it has become increasingly important for businesses in Nigeria to pay attention to issues of climate change in order to attract investors.
Salau who made this known over the weekend during the May edition of the Nairametrics Industry Outlook webinar, noted that apart from from being one of the factors sought by investors, companies that pay attention to climate change also attract customer loyalty.
According to him, customers expect companies to be responsible towards the environment, noting that companies perceived as not doing so tend to lose trust and loyalty. He noted that companies leading in sustainability can differentiate their brands and this can be leveraged to have benefits that speak to their bottom lines in different ways.
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The EnvAccord CEO added that paying attention to climate change also helps organizations in achieving regulatory compliance. He, therefore, advised Nigerian businesses to demonstrate environmental consciousness by cutting down on their usage of fossil fuels and embracing green alternatives in powering their operations.
Underscoring the importance of information in addressing climate change issues, Salau said that organizations must know what climate change means to them and to their business to enable them to know the right things to do.
Story was adapted from Nairametrics.
