Center Survey Reflects Growth in Importance of Environmental Concerns to Business

Boston College Center for Corporate Citizenship Director’s Blog

There is no shortage of perspectives about climate change, its causes, or the effects it has on the Earth and its inhabitants. With New York and the Mid-Atlantic States experiencing two “100-year storms” in the past 10 years, climate change has been on the minds of many.  The economics are worth considering.  According to a recent report issued by Munich RE, just shy of half of overall losses due to natural catastrophes happen in well-insured countries (the U.S. and Canada, the EU and Australia) but almost 90 percent of insured losses happen in those countries.  As we think about how to manage risk, and as more people and corporations in developing economies seek to protect their economic progress, this challenge looms larger.

Executives who participated in our 2012 State of Corporate Citizenship survey make it clear that environmental concerns are growing in importance to their companies’ business success and survey respondents predict environmental programs will have the highest increases in investment among corporate citizenship priorities. Clcik here to read more from this blog post: Center survey reflects growth in importance of environmental concerns to business