Among the slim majority of CEOs who had climate change strategies in place before the crisis, more maintained or even increased investment in their climate strategies than reined in spending.
Corporate responses to climate change are linked to government policy and regulatory requirements: 61% of CEOs were preparing for the impacts of climate-change initiatives such as emissions trading or carbon taxes. This despite significant uncertainties over the direction and speed of climate policy.
Copenhagen may not have affected CEOs’ plans that dramatically. Many leaders are moving ahead despite both financial pressures and the regulatory uncertainty. Several business drivers underpin the business benefits of a climate-change strategy.
See full Press Release.
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