The Imperative of Innovation and Sustainable Development : A New Paradigm in Financ

Climate change, environmental degradation and biodiversity loss have fueled recent debates on the relationship between development and sustainability. These debates are reflected in the 2030 Agenda for Sustainable Development. Climate change has emerged as the most pressing challenge to the achievement of the Sustainable Development Goals and the aspirations, goals and targets of Agenda 2063. Climate change also poses significant risks for businesses unable to adapt to the new context. On the other hand, it presents opportunities for those who demonstrate vision and leadership. Climate change will affect many aspects of organizational management and its importance will only increase over time - its effects are already being felt on natural resources, while governments work on policies to reduce greenhouse gas emissions. To meet the challenge of climate change, companies will need to create low-carbon products and services, reduce the carbon footprint of their operations, engage stakeholders, governments and businesses along their supply chain to determine what initiatives to put in place, improve the resilience of their infrastructure, and reorient their long-term strategy to incorporate emerging climate change issues.