Saturday, March 29, 2008

Climate change is biggest risk to future business

Green issues and global warming score higher on list of corporate concerns than terrorism or an economic downturn, according to survey...

Climate change will be considered as a major threat to businesses over the next decade according to a survey commissioned in time for the Business Continuity Expo 2008.
The Emerging Risks survey, sponsored by insurance broker and risk adviser Marsh, revealed that 87 per cent of businesses regard climate change as the biggest threat in terms of risk assessment, with many unaware as to how to prepare.
Over 150 major UK and European companies were questioned and the results revealed that climate change as threat to business continuity scored ahead of terrorism, pandemic flu, flooding, the credit crunch, government red-tape, outsourcing and offshoring.
Martin Caddick, Leader of Marsh’s Business Continuity Management team, said: “Climate change and energy risk consistently rank among the biggest challenges facing global businesses in 2008.”

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