3 given the growing prominence of the climate issue

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Unformatted text preview: ntal factors.3 Given the growing prominence of the climate issue, rapidly evolving state and national energy policies, rising world energy costs, the climate-related risks and risk-avoidance opportunities are substantial. Your customers and suppliers might also be affected by these same dynamics and there­ fore search for suppliers who take climate change seriously. 1 U.S. Environmental Protection Agency. (2007, September). ENERGY STAR and Other Climate Protection Partnerships: 2006 Annual Report. http://www.energystar.gov/ia/news/downloads/annual_report_2006.pdf 2 Stewart, T. (2007, October). From the Editor, Hot Water. Harvard Business Review. 3 Esty, D.C. and Winston, A.S. (2006). Green to Gold: How Smart Companies Use Environmental Strategy to Innovate, Create Value, and Build Competitive Advantage. Yale University Press. Introduction 3 3. Addressing climate change can expand and open new markets for your company. In an interview on his company’s business strategy Jeffrey Immelt, chairman and CEO of General Electric (GE), com­ mented in Harvard Business Review that: The goal was to strengthen the company by picking a theme that was bigger than just energy, or rail, or aircraft engin...
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This document was uploaded on 03/29/2014.

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