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Article

10 Sep 2015

Author:
Vaidehi Shah, Eco-Business

Panellists at intl. CSR summit argue for firms to cut greenhouse gas emissions to shoulder responsibility for climate change & protect profits

…Companies must cut their fair share of emissions – not only because they bear much responsibility for causing climate change, but their profits, brand image, and the stability of their supply chains could also be threatened if their inaction allows global temperature rise to reach dangerous extents. This was the consensus among government and business leaders at the 2015 International CSR Summit…[S]enior director of the National Climate Change Secretariat (NCCS)…cited the 2011 floods in Thailand – which destroyed factories owned by multinational giants such as Seagate and Honda – as a reminder that even if extreme weather events do not happen in Singapore, they can have an impact on businesses and operations here”…American carpet tile makers Interface…has invested much effort and resources into sustainability, and as a result, “absolutely seen profits and resilience go up” said Rob Coombs, president and chief executive officer of Interface Asia Pacific…Including marginalised communities into the company’s supply chain has also boosted the business’s sustainability efforts, Coombs added…Companies can pre-empt a global price on carbon by reducing their carbon emissions now, said the panel members…