The report, Sustainable Insight: Road to Rio, provides a perspective on the likely outcomes of the Summit, as well as practical information for businesses planning to attend. It acknowledges that while binding agreements may be off the table, the Summit can help reinforce a growing trend toward sustainable development, and help build momentum and opportunities in a green economy. The report also includes a set of business recommendations on sustainable growth, forged during a KPMG International-sponsored summit on the topic in February.
John Hickox, a partner in the U.S. audit, tax and advisory firm KPMG LLP and the Americas leader for Climate Change & Sustainability, pointed out that the collective voice of business leaders remains a critical component in the discussion around sustainability issues.
“The role of business is crucial if long-term economic growth is to be safeguarded,” said Hickox.
Hickox point out that the new report from KPMG builds on the recent study, Expect the Unexpected: Building Business Value in a Changing World, which identified 10 “megaforces” such as climate change, energy and fuel volatility, and water scarcity that will significantly affect corporate growth globally over the next two decades.
“A successful outcome of Rio+20 for business would be to learn of the direction governments will take to implement sustainability policies. Business leaders will capitalize on the opportunities of a changing marketplace, if they understand the regulatory landscape,” said Hickox. “Indeed, many already are making the most of sustainable business practices.”
Business leaders need to develop a solid understanding of their business profile in relation to the full system of sustainability megaforces so they can understand where to act in minimizing their risks and maximizing their opportunities.
Yvo de Boer, KPMG International’s Special Global Adviser on Climate Change and Sustainability, says strong headwinds exist for Rio+20 in delivering concrete and binding outcomes.
“My sense is that Rio+20 will mark the start of a broader global approach to sustainability, expanding the historical focus on climate change and carbon. I expect it will quietly initiate action on a range of sustainability issues that will have significant implications for business.”
About KPMG LLP
KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is the U.S. member firm of KPMG International Cooperative (“KPMG International.”) KPMG International’s member firms have 145,000 people, including more than 8,000 partners, in 152 countries.
About KPMG International
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 152 countries and have 145,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.