Thursday 17 September 2020 4:20 am

Covid-19 is not slowing climate change – businesses still have to do their bit

Shaz Memon is founder of Digimax Dental and Wells on Wheels

Much has been made of the so-called global reset brought about by the pandemic, and many have subscribed to the Instagram-ready notion that the earth is healing due to lockdowns. This is despite the effect of Covid-19 on the environment being either negligible or harmful.

For policy makers, the immediate and tangible threat to life posed by Covid-19 will always trump the distant and abstract dangers of climate change. Nevertheless, businesses can embrace smart climate policies as part of their client relationships and competitive advantage, to create rapid bottom-up change on the environmental issues that are most pressing.

Read more: What could a Biden presidency mean for climate change investing?

The best example of the immediate danger of climate change is in water security. If someone cannot access drinking water, or perhaps not even maintain personal hygiene, they are unlikely to have the luxury of being concerned about sea levels or glaciers melting in coming decades.

We have already seen how water access can destabilise entire regions: the drying of Lake Chad has fuelled the rise of Boko Haram and so-called Islamic State in the Sahel. As land for irrigation becomes more scarce, more and more families find that their only option for survival is to send a son for “employment” with a militant group, or marry off a daughter to one of the commanders, in return for a much-needed dowry.

Similar fears surround Ethiopia’s Renaissance Dam project which could disrupt the water supply of Sudan and Egypt.

Aside from the acute dangers in the Sahel, there is the secondary (and much more common) issue of water accessibility. Often a family will have to walk several miles each day to the nearest water source, and will enlist their children to carry the water. This keeps kids out of education and means that any real ‘development’ is all but impossible.

The world’s decision makers will be focused on Covid-19 to the exclusion of almost everything else for the foreseeable future. This means that business, acting in an organic bottom-up way, is the only group that can make a difference.

Since the start of the pandemic, business owners have a renewed focus on the collective good. Corporate Social Responsibility, including humanitarian and environmental projects, is no longer seen as an add-on for PR value, but is increasingly part of the DNA of a business. It is an inherent part of any value proposition.

It was my decades of experience as a marketer that led me to start the charity Wells on Wheels. I knew a good product when I saw it and, perhaps more importantly, I saw how a good cause can strengthen client relationships and create competitive advantage, with an enviable return on investment. 

For example, many of our partners provide new clients with gift certificates showing them how many people, including specifically children, their wheel has helped. The wheels – which allow more water to be transported by fewer people, meaning children are often free to go to school for the first time – cost £28.

This low cost of entry means that every business can have a climate strategy that is part of their culture and can enrich (and ultimately increase the profitability of) every client relationship.

Read more: Climate protesters target Lloyd’s of London over fossil fuels insurance

Laws, policies and funding are not enough for change. For example, harassment and sexual assault have been illegal for decades, with ample funding, particularly in developed democracies, for efforts against these crimes. But it took the spontaneous bottom-up culture shift of the #MeToo movement to improve workplaces.

As the world continues to be fixated on the pandemic, is it time for businesses of all sizes to embrace #ClimateToo?

Shaz Memon is Founder of Digimax Dental and Wells on Wheels, and is a member of Forbes Business Council.

City A.M.'s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M.

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