Environmental issues are still a low priority for many small firmsCORPORATE PROFITS will plummet unless businesses take urgent steps to deal with the threats from climate change - that's the message from a new report by consultants Accenture.
While almost half of the 500 business leaders surveyed by Accenture believe climate change is now a major issue, few are doing enough to prepare for a future where being green is a necessary part of running a business rather than a political preference.
Mark Spelman, global head of strategy and one of the report's authors, said the rising costs of energy and carbon would soon mean that green business would be about far more than having a corporate social responsibility director.
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By 2020, those businesses that have not factored these costs into their budgets would find that they either cannot compete with rivals' prices or would face great upheaval from abruptly slashing costs. Either way, they would be in danger of going to the wall. More >>>
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