Appetite for change - Accountancy Nieuws

More documents

Recommendations

Info

Section 5What will new policies mean for business?The results of PricewaterhouseCoopers 2010 Global CEOSurvey suggest the changes are likely to be related to newproducts and services, reducing emissions and allocatingcapital. There is an increasing realisation among businessexecutives that climate change presents both risks andopportunities, but that it is fundamentally about change thatwill create demand for innovative products and services.The first to market with these innovations are likely to be at aclear advantage.Today’s heavily impacted industries consider new productsand services the second most likely outcome of climatechange policies such as emissions trading schemes,carbon taxes, energy efficiency standards and reportingrequirements. Many heavily impacted sectors also expectcompliance with these policies to be costly. Energy CEOs,for example, foresee more cost and barriers to growth thanutilities CEOs.To prepare for these changes, 61 per cent of CEOs that hada climate change strategy last year maintained their climatechange investments through the financial crisis. Seventeenper cent actually increased funding. New regulations,taxes and trading schemes are likely in the next few years.Businesses that are not already monitoring these policiesand planning for their likely consequences will not be able toadapt as quickly.Business executives revealed they were, in fact, counting onoutpacing their peers through environmental policies. Sixtyseven per cent of all the executives in this survey said theyexpect to create a competitive advantage (see fig. 1 on page9). For those already exceeding environmental requirements,the number increases to 74 per cent.Figure 30Potential impacts of climate-change initiativesGlobalEngineering& ConstructionConsumer GoodsEnergyIndustrialManufacturingRetail & DistributiveWholesaleUtilitiesTICEFinancial ServicesOur response to climate-change initiatives will provide a reputational advantagefor my company among key stakeholders, including employees. Respondents whostated ‘agree’ or ‘strongly agree’. Base: Total (1198)GlobalEngineering& ConstructionConsumer GoodsEnergyIndustrialManufacturingRetail & DistributiveWholesaleUtilitiesTICEFinancial Services61%65%62%71%63%54%67%59%54%47%49%40%62%70%46%67%52%39%Climate change initiatives will lead to significant new product and service opportunitiesfor my company. Respondents who stated ‘agree’ or ‘strongly agree’. Base: Total (1198)42 Appetite for change. PricewaterhouseCoopers.
pwc.com/appetiteforchangeFigure 30Potential impacts of climate-change initiativesGlobalEngineering& Construction35%33%GlobalEngineering& Construction34%36%Consumer Goods38%Consumer Goods37%EnergyIndustrialManufacturingRetail & DistributiveWholesaleUtilities65%34%29%45%EnergyIndustrialManufacturingRetail & DistributiveWholesaleUtilities53%31%27%55%TICE34%TICE27%Financial Services19%Financial Services20%My company will need to reduce its emissions significantly. Respondents who stated‘agree’ or ‘strongly agree’. Base: Total (1198)Compliance with climate-change initiatives will be a significant expense formy company. Respondents who stated ‘agree’ or ‘strongly agree’. Base: Total (1198)GlobalEngineering& Construction30%37%GlobalEngineering& Construction23%29%Consumer Goods25%Consumer Goods21%EnergyIndustrialManufacturingRetail & DistributiveWholesaleUtilities41%40%24%62%EnergyIndustrialManufacturingRetail & DistributiveWholesaleUtilities56%28%14%40%TICE24%TICE15%Financial Services21%Financial Services12%My company will benefit from government funds or financial incentives for “green”investments. Respondents who stated ‘agree’ or ‘strongly agree’. Base: Total (1198)Climate-change initiatives will slow growth in my industry. Respondents who stated‘agree’ or ‘strongly agree’. Base: Total (1198)Base: Total (1198)Appetite for change. PricewaterhouseCoopers. 43
Page 1 and 2: Appetitefor changeGlobal business p
Page 3: ForewordMark SchofieldGlobal Leader
Page 6 and 7: Section 1Executive summaryA uniquei
Page 8 and 9: Section 2Why is government leadersh
Page 10 and 11: Section 2Why is government leadersh
Page 12 and 13: Section 3Where are the opportunitie
Page 14: Section 3Where are the opportunitie
Page 17 and 18: pwc.com/appetiteforchangeFigure 7Mo
Page 19 and 20: pwc.com/appetiteforchangeFigure 9Su
Page 21 and 22: pwc.com/appetiteforchangeLimiting t
Page 23 and 24: Businesses generally believe that e
Page 25 and 26: pwc.com/appetiteforchangeSixty two
Page 27 and 28: pwc.com/appetiteforchangeBusiness l
Page 30 and 31: Section 4How can policies find supp
Page 36 and 37: Section 5What will new policies mea
Page 44 and 45: Section 6While managing uncertainty
Page 46 and 47: Section 6While managing uncertainty
Page 48 and 49: Section 7About the survey48 Appetit
Page 50 and 51: About PwC: Global Sustainability& C
Page 52: pwc.com/appetiteforchangeCert no. C

Appetite for change - Accountancy Nieuws

Create successful ePaper yourself

Delete template?

Save as template?