Irish Business Relations Posed For Upsurge
The Irish business market is one that has had its fair share of explosive experiences
just as many other business markets have, particularly with the economic challenges that have had a ripple effect around the world. One recent example is the urgency with which the suggestion has been made that Irish companies take a proactive step and manage their carbon emissions. The Carbon Disclosure Project in 2009 received only 33% participation from existing businesses in the Irish sector of the world as contrasted to 80% of the 500 biggest companies around the globe. This may be an example of a promise that lies slightly untapped when it comes to Irish business relations and the potential upsurge on the horizon.
This environmental consideration holds the possibility of effecting many venues in the Irish business sector of the world from many different aspects. There are global companies such as IBM, Pepsico, Vodafone and Dell that are on board with the CDP and want their suppliers and vendors to show proof of participation and CDP compliance. This is a great initiative for Irish business both existing and for new potential business that may have a good or service to promote in concert with these efforts. Perhaps you have a business idea already in mind or in the making that can support these efforts. If so, this is a great time to move forward with our idea or to take that next important step towards Irish business ownership that will go along with the increase towards CDP compliance of more Irish businesses.
The bigger picture is a global economy that will flourish and Irish businesses that will do the same as a result. This is not to suggest that the CDP is a monopoly on Irish business because this carbon compliance that the CDP seeks is with respect to the environment. However, what Irish business is not impacted by the environment? When you consider it from this standpoint, the ramifications become significantly more sizable and a core business issue that increasing numbers of Irish business will need to address if they have not already.
In October, 2009, the director of the CDP Dick Budden spoke at the first CDP Ireland meeting to address the reality that CDP compliance for Irish businesses is no longer a complimentary consideration but something that business need to have. To date, approximately $64 trillion dollars has been invested in the expectation and hopes of increasing the number of businesses that participate in compliance efforts in 2010 to decrease and eliminate emissions of greenhouse gasses. This year, requests will be made to some 50 companies in Ireland that continue to emit greenhouse gasses.
The seriousness of CDP compliance indicates that nearly 60% of the world's leading companies plan to discontinue their selection of suppliers and vendors who do not manage their greenhouse gas emissions. While this may seem like a negative to the companies targeted, it suggests many opportunities for those individuals and companies that position themselves to work towards accomplishing these initiatives.
by: Gen Wright
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