Carbon Accounting
January 24th, 2008
The market for carbon accounting will most likely widen as more companies realize that they will have to do some serious assessment of their contribution to the global warming crisis. Carbon emissions have to be weighed against the size of a company and its plans for growth. However, the beginning and the end of the carbon footprint of retailers with long and varied supply chains may be almost impossible to tell.
Climate changes have manifested their serious financial impact on business as super storms wreck havoc on projected company earnings. Moves are already taking place to require public companies to disclose their financial risks from climate change. Investors can force companies to shape up and play their part in cleaning the mess.