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The European Investment Bank's Investment Survey also found that Western and Northern European firms are more likely to invest in climate mitigation. [1] [2]Business action on climate change is a topic which since 2000 includes a range of activities relating to climate change, and to influencing political decisions on climate change-related regulation, such as the Kyoto Protocol.
Climate risk insurance is a type of insurance designed to mitigate the financial and other risk associated with climate change, especially phenomena like extreme weather. [ 22 ] [ 23 ] [ 24 ] The insurance is often treated as a type of insurance needed for improving the climate resilience of poor and developing communities.
The majority of international CSR studies focus on business practices and its aspects, such as business economics and the legality of environmental law. Most companies are noticing the importance of taking into account one of its most important stakeholders: employees and customers and their commitment to sustainability.
Climate change mitigation policies can have a large and complex impact on the socio-economic status of individuals and countries This can be both positive and negative. [299] It is important to design policies well and make them inclusive. Otherwise climate change mitigation measures can impose higher financial costs on poor households. [300]
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If they don’t adjust, they risk losing their finest employees. They need to create healthier workplace cultures, provide flexibility and demonstrate empathy to maintain their teams’ satisfaction.
Green jobs, according to the U.S. Bureau of Labor Statistics, are classified as, "jobs in business that produce goods or services that benefit the environment or conserve natural resources" [5] or "jobs in which workers' duties involve making their establishment's production processes more environmentally friendly or use fewer natural resources ...
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