'Corporates should active to tackle global warming'
Kochi,
Nov
18:
Corporates
the
world
over
should
be
more
proactive
in
tackling
global
warming
by
investing
in
projects
for
renewable
energy,
waste
management
and
clean
technology,
Doha
Bank
CEO
R
Seetharaman
said
here.
Making a presentation on 'Global Warming and Climatic Change - Perspective on Corporate and Social responsibility', last evening, he urged corporates to make environmental management and environmental audit an integral part of their organizations.
Corporate
relationship
with
only
those
organizations
which
comply
with
sound
environmental
management
principles
should
be
encouraged,
he
added.
The
presentation,
which
was
attended
by
economists,
business
leaders
and
bankers,
was
the
latest
in
the
series
of
such
presentations
made
by
Mr
Seetharaman
in
different
cities
of
the
world
as
part
of
Doha
Bank's
'corporate
social
responsibility'
(CSR)
initiative.
Explaining the 'ECO-nomic' model, Mr. Seetharaman said the combination of ecological balance and economics had opened opportunities to address global warming by tapping the power of the global marketplace.
The 'Eco-nomic' business model, in which 'eco' stands for ecology, had attracted a great deal of support as geopolitical, environmental and socio-economic realities had made sustainable industrial production a permanent global issue, he said.
''There are policy initiatives at highest levels to expand the global market for emission trading and foster trade cooperation to improve energy efficiency and develop renewable energy,'' he added.
Warning that the impact of global warming was growing by the day due to rapid industrialization, urbanization, growing pollution and greenhouse gas emission, he said some of the effects already apparent were increasing temperatures, rising sea levels and melting of sea ice and glaciers worldwide.
Severe weather changes were resulting in natural calamities like droughts, floods, storms and heat waves, he said.
''The need to develop environmentally sustainable businesses is becoming stronger, so that the globe remains a healthy place to live,'' he added.
Describing the Doha Bank as a ''green bank'', he said that it was committed to be a carbon neutral entity.
UNI