Why Nigerian businesses must pay attention to climate change – EnvAccord CEO

Salau stated this on Saturday during the May edition of the Naijaonpoint Industry Outlook webinar. Aside from being one of the factors sought by investors, Salau said 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. In addition, he said 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.

Highlighting what businesses could gain from being climate change-conscious and taking deliberate actions to protect the environment, Salau said,

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.

Stressing the importance of information in addressing climate change issues, Salau said organizations first need to know what climate change means to them and to their business to enable them to know the right things to do. While commending Naijaonpoint for organizing the webinar on climate change, he said Nigerian media has a huge role to play in disseminating climate change-related information to raise awareness.

The Naijaonpoint Industry Outlook for May had the theme: ‘Climate Change Resilient Strategies for Businesses’. Conversations at the webinar explored how climate-induced extreme weather events disrupt supply chains for businesses in Nigeria, and proposed resilient strategies such as diversification of suppliers, stockpiling, or adoption of climate-resilient technologies.