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Global Warming-Business Ethics
Transcript of Global Warming-Business Ethics
"CEO wasn't an environmentalist"
"Squawk Box" the science surrounding man-caused global warming was "compelling" and that it was only a matter of time before something will be done about carbon emissions. Climate change is a global challenge and requires a global solution. Greenhouse gas emissions have the same impact on the atmosphere whether they originate in Washington, London or Beijing. Action by one country to reduce emissions will do little to slow global warming unless other countries act as well. Effective strategy will require commitments and action by all the major countries. Industry Responses •How has climate change and/or global warming impacted?
•How are they adapting to global warming? Farming (Agriculture) •A warming planet alters weather patterns, water supplies, and seasonal growth for plants
•Sustainable Agriculture Practices
•Quality and quantity of food is effected Airline Industries •International Air Transport Association
•Reported 669 million tonnes of CO2 emissions in 2011
•Carbon-Neutral Growth by 2020 achieved in 4 strategies
4.Economics Automobile Industries •History of Global Climate Coalition
•Approaches to reduce emissions What it means to businesses Since 1870, global sea level has risen by about 8 inches.  Estimates of future sea level rise vary for different regions, but global sea level for the next century is expected to rise at a greater rate than during the past 50 years.
•Average global temperatures are expected to increase by 2°F to 11.5°F by 2100, depending on the level of future greenhouse gas emissions, and the outcomes from various climate models. 
•By 2100, global average temperature is expected to warm at least twice as much as it has during the last 100 years.
•Ground-level air temperatures are expected to continue to warm more rapidly over land than oceans.
•Some parts of the world are projected to see larger temperature increases than the global average. Business Impacts Business Responses in the Face of Potential Change Advantage: Lobby for change, invest in low carbon opportunities Actively lobby for change and seek subsidies Obtain first mover advantage Neutral: Carryout prospective research Sit on the fence expose change but take no action Lobby for delay in introduction of change, divest dogs Disadvantage: Grasp at alternative theories and seed doubt Carryout protective research Actively lobby against change and seek compensation Regulations: EPA AP42 NEPA -1969 EPA - 2005 EISA - 2007 CAA - 1970 Programs and Systems EPA GRG Reporting Program http://ghgdata.epa.gov/ghgp/main.do Has US gas emitter report annually since 2010 with 85-90% of US reporting in 9 industries: Power Plants, Pulp and Paper, Petroleum and Nuclear Gas System, Refineries, Chemicals, Others, Waste, Metals, and Minerals.
CAFE Standards – Clean Air and Fuel Efficiency standards, are the requirement for a fleet of cars to match certain low emissions and fuel economy standards.
States with Renewable Portfolio Standards (mandatory) and Goals (voluntary. January 2012 WARNING:contains or manufactured with (the chemical would go here. For example chlorofluorocarbons (CFC’s), a substance which harms public health and the environment by destroying ozone in the upper atmosphere Companies embrace commitments to being leaders in climate change green strategies Siemens is one of the world’s most prominent companies and Europe’s largest technology conglomerate.
With 430,000 employees, $77 billion in revenue and industrial manufacturing, the company naturally has a major impact on greenhouse gases emissions emitting 4.53 million tons CO2e. Siemens has acknowledged the importance of climate change. This perspective has helped the company’s manufactured products eliminate 15 times the company’s total emissions.
Investing €2 billion annually in research and development, Siemens has a hefty 30,000 environmental technology patents and offers efficient solutions that better combat climate change.
Their goal is to become a leader in climate change reduction by improving the performance of customers through efficient products. has most environmentally-friendly industrial technologies portfolio SIEMENS=
-Siemens has set tangible targets for the future: its leadership expects by 2011 a 20% increase in energy efficiency and a 20% reduction of global carbon dioxide emissions. -Given the company’s size, global research and industrial technology solutions, the company has a strong platform to impact climate change. ““Environmentally intelligent products and solutions” that apply to “significantly superior environmental standards in comparison to the installed-base average”.
This definition favored Siemens’ products, by showing Siemens as having the largest volume of green products.
With Siemens’ definition, Siemens claims €19 billion versus GE’s €13 billion and Phillips’ €6 billion. In addition, Siemens can claim that the share of green products among its manufacturing composes 25% compared to GE’s meager 14% and Phillip’s 23%. General Electric (GE) is the world’s largest manufacturer of commercial and military jet engines, a business worth about $12 billion in annual revenues The Boxer bill would compel airlines and the military, when purchasing new aircraft and new aircraft engines, to purchase more expensive “green” engines made by GE. Other payoffs to GE will likely be unconvered as Boxer’s bill virtually requires the purchase of other GE products including wind turbines, solar panels and water products. GE, has decided to switch 25,000 vehicles from its fleet to electric vehicles, starting with 12,000 Chevrolet Volts starting in 2011. 3P - Pollution Prevention Pays
Reduces consumption of resources by preventing pollution up front—through product reformulation, process modification, equipment redesign, and recycling and reuse of waste materials.
Every 3P solution has come from, “fourth P”—our people. The program relies on voluntary participation of our employees around the globe. To date, they have completed more than 9,300 projects! Pollution Prevention Pays initiative (1975), prevents pollution at the source, in products and manufacturing. Back in 1975, that was considered innovative thinking. To date, 3P has resulted in the elimination of more than 3.5 billion pounds of pollution and saved us nearly $1.5 billion.
A recent 3P project at the Brazil facility replaced the solvent-based paper treatment process the plant used to manufacture packaging, medical, and masking tapes with a new, water-based process.
As a result, the facility reduced solvent emissions by more than 45 tons per year. By preventing solvent emissions at the source, the plant also eliminated the need for pollution control equipment, reducing the plant’s energy use and eliminating more than 125 metric tons of CO2 emissions annually.
The project is expected to save the facility more than $850,000 in its first year of implementation