Corporates cut back on buying goods from high-carbon emitters
But Nedbank review finds smaller firms have not considered climate resilience or decarbonisation initiatives
01 August 2024 - 05:00
SA’s large corporates have started to limit their procurement of goods from high-carbon emitters, as companies, particularly exporters, become more aware of the threat posed by the EU’s carbon border adjustment mechanism (CBAM), which is set to be implemented in the near future, says Nedbank.
The lender, however, cautioned that some entities had not fully grasped the importance of starting with a climate risk assessment to identify the impact of climate change on their business operations...
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