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25 Jan 2016

Tom Levitt, Guardian (UK)

CEOs at World Economic Forum still do not see climate change as a major threat to growth

"Climate change fails to top list of threats for business leaders at Davos", 20 Jan 2016

The high profile UN summit on climate change in Paris appears to have had little impact on the decision making and worries of global business leaders…[C]limate change failed to register near the top of the list of business threats, according to a survey of 1,400 CEOs from around the world compiled by PricewaterhouseCoopers (PwC)…[C]limate change and environmental damage was mentioned as a threat to business growth by just 50% of CEOs…[A] separate survey of 13,000 business leaders produced by the World Economic Forum (WEF)…also found a relative absence of concern about climate change and environmental risk amongst business leaders…“No executive considers failure of climate mitigation and adaptation as the number one risk for doing business in his/her country,” states the report. By contrast, a wider survey of economists, academics and civil society also produced by the WEF listed climate change as the biggest potential threat to the global economy in 2016…