The Environmental Challenges Threatening Your Business
BusinessGreen runs down KPMG's list of 10 major environmental
challenges that businesses are likely to face over the next two
One of the challenges covered by KPMG is Climate change. It said
that this could be the only global megaforce that would directly
affects all others, with annual output losses ranging from one per
cent per year, if strong and early action is taken to tackle rising
temperatures; to as much as five per cent a year, if policymakers
fail to act.
Another major challenge would be the fossil fuel markets and how
they are likely to become more volatile and unpredictable due to
higher demand, shifts in the geographical pattern of consumption,
supply and production uncertainties, and increasing regulation to
tackle climate change.
Water scarcity would be another issue threatening businesses,
based on a forecast that the global demand for freshwater will
exceed supply by 40 per cent by 2030, KPMG warns that businesses
may be vulnerable to water shortages, lower-quality water, price
volatility and resulting reputational challenges.
To read the full article click here
(Source: Business Green,
Back to News & Events List