What is the risk to a company that does not take action now to reduce greenhouse gas emissions?
They risk missing out on myriad of near-term financial opportunities such as lower energy costs, minimized emissions, access to new sources of capital, and improved risk management. Inaction also sets a company up for long-term political and financial challenges. Advancing climate regulation, rising energy prices, and the investment community’s increasing attention on climate change all bring a fluid business environment into stark relief. The rules of the game are changing in ways that cannot be ignored. In the near term, companies need to be prepared for a carbon-constrained world that will alter existing business models. In the long term, they need to be prepared for a carbon-constrained world in which they will be transformed.
