25 Sep '11, 7pm

Clever capital spending can help business cope with climate change - #CSR #Climate #Change #Capital

Rory Sullivan says clever capital spending can help business cope with climate change As a result of uncertainties around climate change policy, most firms remain unwilling to commit significant sums to reducing their greenhouse gas emissions. Companies have adopted a “capital light” approach, where any investments need to be modest and provide quick returns in terms of cost-savings or boosts to brand and reputation. The capital-light approach to climate change is clearly a sensible business strategy, in particular as we emerge from the global financial crisis. That said, companies need to think about capital deployment in the round. Think longer term There are three issues to highlight in particular. First, the capital-light approach searches for immediate or very short-term returns or benefits, and chooses these over actions that provide longer-term benefits. The problem...

Full article: http://www.ethicalcorp.com/environment/capital-climate-so...

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