Corporates Thinking About Climate Change

Published: 22nd September 2014 06:12 AM  |   Last Updated: 22nd September 2014 06:12 AM   |  A+A-

BANGALORE: Sustainable business model expert Damandeep Singh  said climate concerns are increasingly influencing strategies in the corporate sector.

He was speaking at the release of a report highlighting the preparedness of the information and communications technology sector in dealing with climate change, at the Indian Institute of Management, Bangalore (IIMB) recently. The report was prepared by the Carbon Disclosure Project India (CDP) and IIMB. It includes responses from 320 leading ICT companies, including Google, Microsoft, IBM and Infosys, from around 35 countries on their preparedness in addressing climate change, risks involved and opportunities presented.

The report states that most companies believe climate change impacts their business continuity and profits and feel that undertaking energy-efficient activities is the way to go. Singh, who is the director of CDP, said reducing carbon emissions continues to dominate agendas, with many firms setting emission reduction targets and focusing on quantifying the impact of climate change. “Though over 40 per cent of companies report a decrease in emissions, there is still a sizeable group which has not yet geared up to manage risks arising out of climatic change,” he said. 

Stay up to date on all the latest Bengaluru news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp