Appetite for change - Accountancy Nieuws

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Section 4How can policies find support?Incentives take advantage of two important influences oncorporate environmental practices – creating competitiveadvantage and generating cost savings (see fig. 1 on page 9).Sixty seven per cent of respondents agree that incentives forcompanies to become carbon neutral are a good idea (seefig. 15 on page 25). A further 23 per cent remain cautious butare potential supporters, saying their endorsements woulddepend on the extent of the incentives.Regulations and taxes will create costs for businesses,but they may at the same time create a level playing field,as well as opportunities for new sources of competitiveadvantage and new ways to burnish reputations (which isanother important behavioural influence). When asked if theyview regulation as a potential opportunity, 53 per cent ofbusinesses say, ‘Yes’ (see fig. 16 opposite).In developing new taxes and regulations, governmentscould build on existing goodwill through more cooperation.Fifty nine percent of global CEOs believe the key to smarterregulation is more dialogue between government andbusiness and ‘co-designing’ policies. 12 John T. Disharoon,Sustainable Development Manager, Caterpillar Inc., believes,“Regulators have good motives but don’t fully understandthe implications for business in terms of compliance, so itis important to ensure that business gets involved in policysettingat the earliest stage.”Figure 16Around half see environmental regulation as an opportunity for businessTaxRegulation12 22 26 23 146 17 22 26 27Major opportunityMinor threatMinor OpportunityMajor threatFor each of these two forms of government intervention, tell me to what extent yousee them as an opportunity vs. a threat to your organisation’s competitiveness.Base: Total (654)“Regulators have good motives but don’t fullyunderstand the implications for business in terms ofcompliance, so it is important to ensure that businessgets involved in policy-setting at the earliest stage.”John T. Disharoon, Sustainable Development Manager,Caterpillar Inc.Neither/Nor12For further discussion of CEO views on collaboration with government, see “Rethinking and Reshaping the business environment: Government and the Global CEO,” PSRC,January 201026 Appetite for change. PricewaterhouseCoopers.
pwc.com/appetiteforchangeBusiness leaders do recognise that government leaders tryto collaborate with the private sector in many cases. Forty sixper cent of all business executives believe their governmentshave effectively engaged business over environmentalpolicies, and this engagement has created support (see fig.14 on page 23) . Forty three per cent of executives thinktheir governments are prioritising business issues during thedevelopment of climate change policy (see fig. 14 on page23). In Germany, 52 per cent of businesses feel their climatechange-related issues are given priority, possibly as a result oftheir government’s long-term, multi-faceted green agenda.Figure 17Retail sector feels least engaged by governmentEnergy, Utilities & MiningFinancial ServicesIndustrial Products544944495448545653Business leaders do recognise thatgovernment leaders try to collaborateTechnology, Information,Communications andEntertainment & MediaRetail & Consumer Goods566356656152Among small businesses, 13 a slim majority also feel theirviews are solicited and accepted by government. This positiveview, however, may have a weak foundation, especially whenapplied to climate change policies, such as carbon taxesand regulation. Small business executives are least likely tobelieve that climate change regulations and taxes will affecttheir profits, investments and operations in the next twoto three years. When the long-term price of carbon and itseffects on small businesses become clear, attitudes may shiftamong firms of all sizes.Retail (alone)666657Base: Total (565) of which (53) are retail companies.0 10 20 30 40 50 60 700% 10% 20% 30% 40% 50% 60% 70%DisagreeGovernment incorporates industry viewsGovernment encourages behavioural changeClimate change policies address business issues13This survey defines a small business as any respondent who reported having fewer than 250 employees. This may include subsidiaries owned by larger organisations.Appetite for change. PricewaterhouseCoopers. 27
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