'More Indian CEOs concerned about climate change risk'
Press Trust of India / New Delhi Nov 17, 2009, 18:44 IST
The percentage of Indian CEOs, who are concerned about the risks of climate change, has nearly doubled over the past year, even as majority of firms do not currently have a climate change strategy in place, a survey says.
As per the research conducted by PricewaterhouseCoopers (PwC), as much as 52 per cent of Indian CEOs cited climate change as a concern from 27 per cent last year.
Despite this, 60 per cent admitted they had no climate change strategy and 52 per cent said their companies were not preparing climate change initiatives in the coming 12 months. The findings come from a survey of 62 CEOs in India as part of the prestigious Global CEO survey conducted by PwC on an annual basis.
Moreover, only 26 per cent of CEOs believe their company would need to reduce its emissions significantly, while 37 per cent CEOs disagreed for the action. "Findings of our research into Indian CEO attitudes to climate change reveal a worrying gap opening up. There has been a massive surge in number of business leaders recognising risks posed by climate change, but the evidence is that too few are taking action to combat its damaging effects," PricewaterhouseCoopers India Partner Bharti Gupta Ramola said.
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