Business Spectator - Indian firms lag in climate action - The Diigo Meta page

• 25 Jul 08
  

  Suhit Anantula

  carbon emissions india WiGLinks

  • India's top firms face little stakeholder pressure to combat climate change with only about 40 per cent of the companies surveyed setting voluntary carbon emissions reduction goals, a report said.
    

    A survey by KPMG consultants of 70 CEOs found their response to climate issues was driven largely by the need to comply with expected regulations, while leaving the leadership role in tackling global warming to the government.

  • While many companies in the developed world have measured their baseline carbon footprint and set reduction targets over 5-10 years, in India only 41 per cent of firms had some qualified reduction goals to be achieved by 2010.
    

    About 38 per cent had no such goals.

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