Related News
UK firms fail to take climate risk seriously
Source: Agencies |
November 23, 2009, Monday
|
Online Edition
Online Edition
BRITISH companies are failing to take the strategic implications of climate change seriously and are missing out on investment opportunities, a study sponsored by three major UK investors said today.
Firms are addressing the impact of major climate-linked events, but are neglecting to manage incremental changes or extend their focus into supply chains, raw materials or logistics, the study found.
The report comes as climate change takes centre stage ahead of a key conference in Copenhagen next month, where world leaders are expected to lay the groundwork, if not finalise the details, for a successor to the Kyoto treaty.
The study -- issued by Henderson Global Investors, Insight Investment and the universities pension scheme, USS -- found that companies were still adopting a wait-and-see attitude in the hope of a definitive public policy response of the kind now looking fragile for Copenhagen.
"We were left with the impression, with the notable exception of the water sector, that climate change adaptation is not yet recognised as a strategic issue warranting board-level attention and oversight," said the study, conducted with consultant Acclimatise.
"We noted that companies continue to see climate change primarily in terms of downside. However, from an investment perspective, climate change may also present opportunities," the investors said.
Investment opportunities may come through investments in companies such as construction firms which build flood defences or producers of sun/rain resistant building cladding, they said.
Firms are addressing the impact of major climate-linked events, but are neglecting to manage incremental changes or extend their focus into supply chains, raw materials or logistics, the study found.
The report comes as climate change takes centre stage ahead of a key conference in Copenhagen next month, where world leaders are expected to lay the groundwork, if not finalise the details, for a successor to the Kyoto treaty.
The study -- issued by Henderson Global Investors, Insight Investment and the universities pension scheme, USS -- found that companies were still adopting a wait-and-see attitude in the hope of a definitive public policy response of the kind now looking fragile for Copenhagen.
"We were left with the impression, with the notable exception of the water sector, that climate change adaptation is not yet recognised as a strategic issue warranting board-level attention and oversight," said the study, conducted with consultant Acclimatise.
"We noted that companies continue to see climate change primarily in terms of downside. However, from an investment perspective, climate change may also present opportunities," the investors said.
Investment opportunities may come through investments in companies such as construction firms which build flood defences or producers of sun/rain resistant building cladding, they said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
