Apparently, the whole aspect of business planning would normally include the external factors for consideration before carrying out proper strategic planning. Among these external factors include political, legal, social, demographic and environmental factors.

When we talk about environmental factors, climate change will surely be at the top of the heap when considering how environmental impact can affect business. Climate change is a risk factor and with regards to business and how it can operate with the given facts is a point that should be considered for people who want to do business the professional and strategic way.

“As the main providers of capital to the global economy, and with their expertise in risk management, banks can do much to combat climate change,” says the report.

“Most leading banks are addressing climate change as a risk-management issue as they would other credit, operational and reputation issues,” it adds. “Banks will come to realize that climate change affects all facets of their business and all classes of investing.”

(Source) The London Free Press