Going green as an strategic risk
A new report by Ernst & Yong ranks a growing "greening" concern as one of the top 10 strategic risks businesses face. The top three risks are: regulatory and compliance risk, global financial shocks, and aging consumers and workforce.
The report calls this increasing concern about the enviroment "radical greening" and states that going green is expensive at first, but it could be worthwhile if consumer tastes and the regulatory enviroment start to demand it; ok, perhaps that wasn't a jaw-dropping discovery, but the entire report still makes for a good reading.
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And not only a strategic risk, radical greening due to climate change alarmism is also a food security risk. See how recent food prices have been going up partly due to large-scale conversion from food crops to bio-fuels.
Coming up next will be "eco-protectionism", like the proposed "carbon tariff" by rich countries for exports of developing countries that have no emission cuts/limit. Some parts of the world can go nuts due to radical greening.
Posted by: Nonoy Oplas, Philippines | Apr 6, 2008 9:30:30 PM