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.