Around two out of five senior executives admit to neglecting environmental risks, according to a survey by the Economist Intelligence Unit.
Out of 320 senior global executives, 43% said they managed environmental risks in an ‘ad hoc' manner, or not at all.
Wayne Herrington, environmental risk manager in the UK and Ireland for insurer ACE, which co-sponsored the study, said: “The findings are a wake-up call to organisations to act now to include environmental risks as part of their overall risk framework.”
The study considered issues such as optimising the supply chain to minimise carbon dioxide emissions, increasing energy efficiency, identifying and managing environmental liabilities, the impacts of water pollution, air pollution, emissions, disruption to the supply chain from extreme weather, use of hazardous chemicals and water scarcity.
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