Bushfire Appeals
MEDIA, JOBS & RESOURCES for the COMMON GOOD
News  | 

The Business Implications of Climate Change


Thursday, 23rd August 2007 at 3:42 pm
Staff Reporter
A new survey has found that while almost all companies reported on climate change in their sustainability reports, on closer examination companies reported far more on potential opportunities rather than financial risks for their companies from climate change.

Thursday, 23rd August 2007
at 3:42 pm
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
The Business Implications of Climate Change
Thursday, 23rd August 2007 at 3:42 pm

A new survey has found that while almost all companies reported on climate change in their sustainability reports, on closer examination companies reported far more on potential opportunities rather than financial risks for their companies from climate change.

The findings form a report called Reporting the Business Implications of Climate Change in Sustainability Reports. The survey catalogues types of reporting on climate change and was conducted by the Global Reporting Initiative (GRI) and KPMG’s Global Sustainability Services.

The survey revealed widespread reporting of basic information on climate change, such as company greenhouse gas emissions and the acknowledgement of climate change as an important issue. Nearly half of the reports included a statement from the company chairman or CEO on climate change.

The survey says that the low rate of reporting on risks from climate change may be because companies see climate change not only as a threat but also as an opportunity for new products, services and trading.

The survey says a surprising two thirds of companies reported new business from climate change and nearly half reported involvement in emissions trading.

However is says that in comparison to opportunities companies reported little on the business risks of climate change. Most commonly reported – about 20%- was the risk of increases in the cost of energy from measures to address climate change.

It says few companies reporter the risk of legal action such as class-action law suits related to climate change and almost no companies reported on risks or business disruptions caused by extreme weather events such as floods, storms or droughts.

The survey says risks could be perceived to be beyond current business planning horizons, or companies may not have identified, explored or quantified and therefore they may not be in a position to report on risks.

Download the KPMG report at http://www.kpmg.nl/site.asp?id=40378&process_mode=mode_doc&doc_id=44904




Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au

Tags : Environment,

 Print

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Write a Reply or Comment

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

It’s the most wonderful time of the year… to be sustainable

Maggie Coggan

Thursday, 19th December 2019 at 8:29 am

Top philanthropic gifts of 2019

Maggie Coggan

Wednesday, 18th December 2019 at 5:33 pm

Your vodka on the rocks could save the planet

Maggie Coggan

Saturday, 16th November 2019 at 12:00 pm

POPULAR

NDIS not yet in tune with the needs of participants

Luke Michael

Monday, 20th January 2020 at 4:46 pm

What impact will the bushfire crisis have on homelessness?

Luke Michael

Wednesday, 15th January 2020 at 4:28 pm

Centralised disaster fund dismissed by charities sector

Maggie Coggan

Friday, 24th January 2020 at 5:32 pm

New fund paves the way for impact investment in the charity sector

Luke Michael

Friday, 17th January 2020 at 4:34 pm

Bushfire Appeals
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!