18 Feb '12, 5pm

Megaforces Doubling Environmental Costs on Businesses, Equal 40% of Profits #green

Megaforces Doubling Environmental Costs on Businesses, Equal 40% of Profits #green

Ten global energy and climate “megaforces” are doubling the costs of environmental impacts on businesses every 14 years, currently equal 40 percent of average profits, and could significantly affect corporate growth by 2030, says KPMG International. This rapid acceleration of external environmental costs is detailed in a new study, “Expect the Unexpected: Building Business Value in a Changing World .” KPMG says the megaforces often do not show up on financial statements and thus may not be factored into corporate business plans because they are often borne by individuals or society as a whole, and can be non-monetary in nature. External environmental costs across 11 industry sectors jumped 50 percent from $566 billion in 2002 to $846 billion in 2010, meaning costs double on average every 14 years. According to the report, if companies had to pay full environmental costs of...

Full article: http://earthandindustry.com/2012/02/megaforces-doubling-e...

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