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70% of companies believe climate change will hit business

January 31, 2013

70% of companies believe climate change will hit business

Seven out of 10 companies believe that climate change has the potential to significantly affect their revenue, with over half saying that it was expected within five years.

Based on responses from 2,415 companies made up of suppliers and 52 major buying businesses, research by the Carbon Disclosure Project (CDP) and Accenture found the risk of supply chain failure was “intensified by a chasm between the sustainable business practices of multinational corporations and their suppliers.”

According to the report, Reducing Risk and Driving Business Value, fifty-one percent of the risks that companies associate with drought or extreme rain are already having an adverse effect on the company, or are expected to within five years. The companies also admitted that they are more likely to take action on climate issues as the physical risk has increased, rather than international climate policies.

Read more at CleanBizAsia.

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