Addressing climate change can save your company money

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Unformatted text preview: : 1. Addressing climate change can save your company money. The editor of Harvard Business Review wrote in October 2007: Thoughtful business people need a structure— now—with which to organize ideas about climate change so they can understand how it affects their strategy, their operations, and the context in which they compete, in order to make plans and take action—now.”2 In the past decade, numerous studies have documented the savings businesses realize by improving the energy efficiency of their operations. By making smart energy choices, millions of household and business consumers save billions of dollars each year. 2. Addressing climate change can reduce business risks. As Daniel C. Esty and Andrew S. Winston point out in Green to Gold, Environmental missteps can create public relations nightmares, destroy markets and careers, and knock billions off the value of a company. Companies that do not add environmental thinking to their strategy arsenal risk missing upside opportunities in markets that are increasingly shaped by environme...
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