Lower emissions

On the other hand, “Most companies in sectors with lower emissions, such as healthcare, retailers, and banks, have been largely unresponsive to the financial risks they face from climate change,” Ceres spokespersons bemoaned to B&E. In a benchmark fashion, by picking up the impact of hurricanes in 2005 as an example, while nearly half of S&P 100 companies reported definitely measurable impacts from these hurricanes, the losses related to ‘Katrina’ and ‘Rita’ in the third quarter of 2005 were estimated to be nearly $4.5 billion. Compellingly, top of the line companies like Bell South recorded a loss of $102 million for asset impairment and $136 million in other expenses.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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