Indian Inc not ready for climate change initiatives
New Delhi: Despite wide awareness about climate change, Indian corporates are not ready to tackle this issue, says a study by global consultancy KPMG released Wednesday.
An overwhelming 83 percent of the respondents claimed to have a fair understanding of climate change issues. However, just under half of them said they have a clear strategy in place to tackle these issues.
The recent KPMG report is an attempt to assess the preparedness of India Inc towards this global phenomenon.
The study attempts to understand the Indian business leaders' appreciation of the climate change context, its implications for the economy and their businesses, and their readiness to respond to the impending change.
Said KPMG's national industry director Arvind Mahajan: �Developing countries like India and China are under increasing international pressure to undertake measures to limit their aggregate emission levels.�
"While the government on its part has recently announced the National Action Plan on Climate Change, the onus is now on private businesses to do their bit," Mahajan added.
Write a comment now!
IANS
Reader’s comments
Comment 1: No surprises there! Some of the top corporate houses are among the worst offenders, and judging by their responses to widely visible contamination of Earth's ecology, totally without shame. The State is no better: the worst extremes (such as the Bhopal disaster) have still not been recompensed (perhaps because most sufferers belong to a particular community). And the penalties, where they are levied, are either innocuous and the corporate culprits pay it and carry on polluting, or they are punitive expressions of political hostility or intent to extort.
Posted by : Monty - Thursday, July 24, 2008
Posted by : Monty - Thursday, July 24, 2008
Comment 2: Unfortunately, Indian businesses are setting up business practices that are considered harmful and unsustainable to the environment by the rest of the developed world. For instance, the organized retail in India is using tonnes of plastic bags as packaging material (Big Bazaar and other Future Group retail outlets, for instance). This is counter-intuitive, to me at least. I would think that since one is setting up business anew anyway that they would start out with the best practices of the day (in this case, use recycled paper or clothing bags as packaging materials). Businesses in rest of the world, some even in China, are moving away from plastic that Indian businesses are mindlessly embracing. Very unfortunate.
Posted by : Reema - Wednesday, July 23, 2008
Posted by : Reema - Wednesday, July 23, 2008
Today’s top news
New IITs are a disaster, says PM's scientific adviser
Prime Minister Manmohan Singh's initiative to establish eight new Indian Institutes of Technology (IITs) has drawn flak from his own scientific adviser C.N.R. Rao, who sa...
CEOs take away 25 percent of companies' net profit
While companies boast of their highly paid CEOs, a review on the compensation received by this genre reveals that the salary taken home by the CEOs are disproportionate t...
IT sector will miss $60 Bn target due to U.S. slowdown
The software and services export in the country might not be able to achieve the set target of $60 billion by 2010.
SMB workforce grows mobile, boosts notebook sales
A huge number of SMB workforce travel frequently for business needs. They need to stay connected to the world even while on the move to keep up with the pace of the corpo...
Small and medium IT segment to resort to M&A
Small and medium IT and enabled services companies due to the stock market alteration have experienced a fall in the valuations.
HPCL partners with IBM to deploy RFID solution
IBM has announced that it is implementing a Radio Frequency Identification (RFID) based solution for Hindustan Petroleum (HPCL).
Digital invasion of privacy just a step away: Experts
Digital invasion of privacy is a step closer to reality, thanks to an increasingly intrusive technology that can track every single movement of ours or the words that we ...
Web portal for teachers launched by President Patil
Teachers from across the country can now share their professional ideas and thoughts on a web portal launched by President Pratibha Patil.
India set to emerge as hub for international arbitration
The Union Cabinet Thursday paved the way for the country's emergence as a prestigious hub for out-of-court settlement of international commercial disputes between various...
Economic zone exports to grow over four-fold by 2008-09
Controversies apart, exports from special economic zones (SEZs) have registered a growth of 192 percent between 2005-06 and 2007-08, and are likely to tot a phenomenal 45...