New report - Business Risks and Opportunities from Climate Change

A new joint KPMG and GRI research report on climate change, with the
goal of identifying how top companies report on business risks and
opportunities of climate change, was released on 17 July 2007.

The research “Reporting the Business Implications of Climate Change in
Sustainability Reports” shows that companies report on new business
opportunities from climate change, rather than on climate change as a
cause of risk.

The researchers surveyed a sample of annual sustainability reports
published by international companies in the Financial Times’ FT Global
500 list that followed the GRI’s Sustainability Reporting Guidelines.

Of the companies surveyed, 90% reported on climate change, but only
20% reported any risks to their business from climate change.
A surprising two-thirds of companies reported business opportunities
from climate change, mostly in emissions trading and emissions credits
created under the rules of the Kyoto Protocol.

“Reporting the Business Implications of Climate Change in
Sustainability Reports” can be downloaded in PDF at:
 http://www.globalreporting.org/Home - click Latest News.   See also:

 http://www.bloomberg.co.uk/apps/news?pid…
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Please note that my involvement in this research was while in my
previous position at KPMG Global Sustainability Services, and is
unrelated to my current position at ING Wholesale Banking.

Stirling Habbitts

Vice President Natural Resources
ING Wholesale Banking
Structured Finance
Amsterdam, The Netherlands
P +31 20 6523 579, F +31 20 563 5164, M +31 612 574 260
E  stirling.habbitts at ingbank.com