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Recession sends climate down the corporate agenda – EIU spacer

Author: Environmental Finance, Published on: 26 February 2009

Many global businesses foresee putting climate change action on the back burner as the recession continues to bite, according to a survey [of 538 companies] by the Economist Intelligence Unit (EIU)…Just over half of companies said they had some kind of climate strategy in place, although most concentrated on energy efficiency and focused on internal activities, without engaging in the climate impact of their supply chains, partners and customers. Moreover, 75% of respondents said business in general has been slow to prepare for the long-term impact of climate change…Executives would generally welcome more government intervention on the issue.

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