What’s Driving the Business Case for Carbon Management?
“In the past five years, an increasing number of companies have launched projects designed to measure their enterprise carbon footprint,” Makower said at the beginning of the webcast. “But who owns that data?”
Companies face the challenge of filling the gap between the executive team, which controls the budget, and the functional teams, which have the skills to those who can carry out the initiatives.
This is where the chief sustainability officer (CSO) can come in to play a pivotal role in moving corporate climate agendas forward. “We see it as critical,” Metcalfe said, pointing to Nixon Peabody and BA Systems as companies employing CSOs.
He also noted Dow Chemical‘s approach in combining the CSO role with that of the Chief Information Officer, leading to the establishment of a holistic view of sustainability and the incorporation of this type of thinking into Dow’s corporate strategy and value systems.
Metcalfe scribed the period between now and 2012 as a period of uncertainty for companies, characterized by short-term cost pressures and climate change regulations fragmented along geographic lines. The executive view of sustainability is generally low, Metcalfe said………………………….
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Government review to examine threat of world resources shortage
Study commissioned following sharp rises in commodity prices on world markets and food riots in some countriesPeter Essick/Aurora/Getty Images
Ministers have ordered a review of looming global shortages of resources, from fish and timber to water and precious metals, amid mounting concern that the problem could hit every sector of the economy.
The study has been commissioned following sharp rises in many commodity prices on the world markets and recent riots in some countries over food shortages.
There is also evidence that some nations are stockpiling important materials, buying up key producers and land and restricting exports in an attempt to protect their own businesses from increasingly fierce global competition.
Several research projects have also warned of a pending crisis in natural resources, such as water and wildlife, which have suffered dramatic losses due to over-use, pollution, habitat loss, and, increasingly, changes caused by global warming.
Professor Bob Watson, the chief scientist for the Department for Food, Environment and Rural Affairs, the leading department in the initiative, said every sector of the British economy was directly or indirectly vulnerable to future shortages……………..