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Any non-financial risk associated with human rights, environment or ethics and integrity can be that bad apple that has the potential of rotting the good basket of apples that you may have collected over the years. That is, essentially, a danger of not building a responsible supply chain. The reputation that you build, goodwill that you create and the social license to operate that you acquire after years of hard work can come crashing down because you did not pay attention to one single non-financial risk in your supply chain. We tend to overlook these risks as trivial or even don’t know about them.

Climate change is a serious concern that is being discussed in board rooms across the globe, highlighting that combatting it and its impacts are a necessity. The UAE’s ambitious Net Zero by 2050 plan, which aims to make the country the first in the Middle East and North Africa (MENA) to reach this milestone, serves as a beacon of hope and motivation. The plan recognises that the path to net-zero emissions offers substantial economic opportunities, aligning with the vision of transforming the Emirates into the most dynamic economy globally. Similarly, a list of over 70 countries which cover around 76% of global emissions have committed to setting net-zero targets. But what does this imply for businesses and what strategies must they implement to align themselves with the changing landscape? What role do sustainability consultants, often referred to as green consultants or climate change consulting firms, play in shaping strategies for achieving net-zero emissions?