Green business, green careers and job training
Solutions that build smart communities with green careers and sustainable businesses!

Save on Career Education through Lorman Education

Our readers are offered a discount on Lorman seminars and courses. Check out their business, management and legal offers at this link to qualify for our discounts. They also offer green business training opportunities. Please visit for a complete listing of courses. Register online or call Lorman at 866-352-9539.
Home > Feature Articles > Consulting and Professional Services for Environmental, Green and Sustainability Sectors

Many Fortune 1000 Companies Not Prepared for Climate Risks

Half of survey respondents are not taking steps to address how climate change will affect their operations.

Find green business solutions

Half of Business Executives Prepare for Catastropic Risks

A survey of 101 board-level executives by the Marsh Center for Risk Insights found in late 2007 that, although almost all companies have taken some steps to prepare for catastrophic risks, half of respondents are not taking steps to address how climate change will affect their operations.

The survey asked executives to rank the likelihood of eight risks, including natural disasters, international terrorist attacks, dramatically rising oil prices, global climate change, pandemics, a housing market collapse, emergence of human health and environmental risks associated with nanotechnology and massive water shortages.

Of these disasters, 58 percent of executives said they expect and have prepared for natural disasters, 55 percent are anticipating steep rises in the price of oil, and 38 percent say they've started preparations in the case of terrorist attacks.

However, only 12 percent of respondents felt that climate change was "very likely" to occur, and 50 percent indicated that they did not consider it a looming threat. The only disasters that executives were less concerned about were threats posed by nanotechnology, a global pandemic of disease, and widespread water shortages or pollution.

Despite the belief that such disasters are unlikely, 40 percent of executives surveyed said if they were to occur, even the least-likely disasters would be catastrophic to their businesses. And although 41 percent said a severe water shortage would cause a complete or partial shutdown of their business, only 17 percent have taken any steps to prepare for water shortages.

The reasons behind this lack of preparation, the survey's authors say, is that most executives believe that the risk may not be pertinent to their company, would be too large to manage or too costly to mitigate. However, 14 percent said that there was insufficient reward for mitigating the risk, and another 13 percent responded that "no one is telling us we must act."

The authors do note signs of encouragement from the survey, though. Only only 10 percent of respondents said that taking action would slow down the company, only 5 percent say someone else would manage the risk on their behalf, and just 4 percent felt that these disasters could never happen to "me or my organization."

Edited by Carolyn Allen, owner/editor of California Green Solutions
Green Solution Providers
Green companies directory
your green solutions - business, nonprofit, government program.
It's free.
| sustainability | climate change | risk management |

Share in Social Media

Sign Up For News & Information
Subscribe to our free solutions newsletter
"Ten+ Tips for Greening Your Office"

Read prior issues: California GreenLines

Search For Green Solutions

Custom Search
Green Career Center
Green Job Wizard
Career Certifications Directory

green job training certifications
Green Biz Center
Solutions For Green
Directory of Green Companies

Solutions for Alternative Energy

rose in natural systems
Green Living Center
Solutions for Green: Consumers

Solutions for Remodeling

Backyard Nature Center


"Knowing is not enough; we must apply. Willing is not enough; we must do." Goethe

Related Articles

Understanding How Water Flows Affect Climate Change... Then and Now

Found Fruit in Bay Area for Local Food and Sustainable Living

Free Webinar | Climate Change Adaptation Tools for Addressing Water Issues, Dec 2

Related Green Resources

Marcom Tips
Interactive & Video Tips

Career Resources

We encourage lifelong learning to support sustainable communities and provide these select resources to help you pursue green and sustainable self-development:

Lorman Business Training Directory of On-line Business and Compliance Classes

Green Job Wizard Job and Career Certifications Directory

Job & Career Resources

Sales & Marketing
Human Resources

Green Economy

Business Sectors
Natural Resources

Solutions For Green

About Us ~ Privacy Policy
Contact Us ~ Home

Text Link Ads

AD: Place your link here


We help you green your career, workplace and community by connecting you to quality green, sustainable and high performance resources. California Green Solutions focuses attention on effective solutions that sustain our natural systems. You can support our editorial work by supporting our advertisers and spreading the word about best practices and green solutions.
California Green Solutions is a publication of Carolyn Allen ~ Copyright ©2006-2030 Carolyn Allen

B2B | Job Certifications | Alternative Energy | Events | Green Directory | LED Lights | Remodeling |
CONSUMERS | Backyard Nature | Senior Health | MultiMedia Marketing | Marketing | Networking Events | Japan |