Sustainability has become mainstream news and not just among the young and angry. Last September, millions of people took to the streets to demand action on climate change. It seems businesses have finally started to listen.
This year we have seen a swathe of large corporations announce wide-reaching plans to clean up their act. Oil giant BP has pledged to cut emissions to zero; software firm Microsoft has announced plans to remove “all of the carbon” from the environment that it has emitted since the company was founded in 1975 and airline group IAG has said it will achieve net-zero carbon emissions by 2050.
Many believe this renewed focus on sustainability by the corporate world stems from a much anticipated letter that is written by BlackRock CEO Larry Fink at the beginning of every year to CEOs and clients.
Sustainability: protecting the bottom line
In this year’s letter, Fink announced the asset management giant would change direction and divest from any company that makes more than 25% of its revenue from thermal coal. If he follows through, it will be one of the largest ever divestments from coal and an important step toward reshaping our economy away from fossil fuels and toward climate sanity. And it represents a significant change from just a year ago when Fink’s annual letter didn’t even mention climate change.
What is interesting about this shift is the realisation, which some argue is well overdue, that sustainability is as much about protecting the planet as it is about protecting companies’ bottom lines. Being sustainable can save businesses money – something which we at Ethical IT are passionate about.
In his 2020 letter, Fink states: “Climate change has become a defining factor in companies’ long-term prospects. Last September, when millions of people took to the streets to demand action on climate change, many of them emphasized the significant and lasting impact that it will have on economic growth and prosperity – a risk that markets to date have been slower to reflect. But awareness is rapidly changing, and I believe we are on the edge of a fundamental reshaping of finance.”
Why the IT sector needs to change
All businesses have a duty to act responsibly towards their people, their partners and the planet, but this often gets forgotten when it comes to IT. There seems to be a disconnect between the decisions made in the boardroom and the reality that takes place day-to-day across thousands of offices in the UK. This is where Ethical IT can help.
As a managed service provider that has been serving the charity sector for decades, we are entirely focused on providing companies with sustainable, transparent and pioneering IT solutions.
We have launched a new-look website and branding, which hopefully highlights our renewed focus on sustainability. From sourcing zero-carbon remanufactured laptops from our partners at Circular Computing to helping firms reduce their carbon footprint by finding more efficient IT solutions, everything we do has sustainability at its core.
If you’re a business that is interested in becoming more sustainable, we can help.