India Inc still unprepared to tackle climate change: KPMG Survey

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New Delhi, Jul 27 (UNI) With government announcing National Action Plan on climate change, a KPMG survey showed that India Inc is still unprepared to tackle the issue.

''Developing countries like India and China are under increasing international pressure to undertake measures to limit their aggregate emission levels. While the government on its part has recently announced the National Action Plan on Climate Change, the onus is now on private businesses to do their bit,'' KPMG National Industry Director (Energy, Infrastructure and Government) Arvind Mahajan said.

The KPMG report on Climate Change, for which around 70 business leaders at the CEO level were interviewed, looks to assess the preparedness of India Inc towards this global phenomenon.

An overwhelming 83 per cent of the respondents claimed to have a fair understanding of climate change issues, while 41 per cent of the respondents have some quantified goals for carbon reduction to be achieved by 2010.

However, a significant 38 per cent of the respondents have no goals whatsoever.

The Report said only 29 per cent of firms review and update their global supply chain to achieve energy efficiency, while only 25 per cent have discontinued high energy services.

Most companies in the developed world have measured and announced their baseline carbon footprint, and also their reduction targets over five to ten years periods, it added.

''Merely good intentions with regard to environment awareness are not enough, what is needed is a structured and measurable plan.

The first step to the process is measuring the current carbon footprint. Secondly, companies should seek to benefit from opportunities brought by climate change,'' Mr Mahajan said.

He said the principal ambition of 'KPMG's Global Green Initiative' will be to reduce the member firms combined carbon footprint by 25 per cent by 2010 from a 2007 baseline, through emission reduction schemes and the use of renewable energy in its member firms.

The global market for low carbon energy efficient technologies is estimated to be about three trillion dollars by 2050.

The report also brings to light the lack of appreciation of the tools and capabilities required to contain climate change.

The 94 per cent of the repondents felt that the most widespread measure that businesses engage in, or plan to engage in, to tackle climate change is the usage of energy efficient appliances, while 77 per cent said educating and training employees on environment friendly practices should be there.

UNI MP SG UCS1212

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