SURVEY: THE BUSINESS OF CLIMATE CHANGE

Name :
Designation :
Company :
Industry

SECTION 1: IMPORTANCE OF CLIMATE CHANGE

1. For your organisation, how important is it to consider the impact of climate change in the following areas?

	Very Important	Important	Not Important	Don’t Know
a) Developing corporate strategy
b) Planning new investments
c) Managing corporate brand and reputation
d) Development of new products or services
e) Developing regulatory strategies
f) Managing environmental issues (like minimizing the organisation’s carbon footprint)

2. Who is involved in defining your organisation’s environmental objectives? (check all that apply)

a) C-level executives
b) Corporate level strategists
c) Business unit or functional managers
d) Legal or regulatory experts
e) Plant managers
f) Third party Brand Managers
g) Others (please specify)
h) Don’t know

SECTION 2: CARBON CREDITS - AWARENESS VERSUS ACTION

3. Is your organisation:

a) Aware of emission trading?

Yes

b) Aware of how emission trading can help your business?

Yes

4. Has your business promoted/used any of these emission trading mechanisms? (please mark all that apply)

a) Clean Development Mechanism (The developed country is given credits for meeting its emission reduction targets, while the developing country receives the capital investment and clean technology or beneficial change in land use)
b) Joint Implementation (Under JI, a developed country with relatively high costs of domestic greenhouse reduction would set up a project in another developed country)
c) International Emission Trading (Under IET, countries can trade in the international carbon credit market to cover their shortfall in allowances or raise funds by selling the surplus credits)
d) None of the above

Note: Answer question (i) if you mark option (a), (b) or (c) in the above question else answer question (ii)
i. What has been its impact on your business's:
	Increase	Decrease
a) Gross sales
b) Operating income (gross profit – operating expenses)
c) Adjusted net profit (PAT)

ii. Why has your organisation not promoted/used emission trading mechanisms?
a) Lack of support from the C-level to reduce carbon footprint
b) Lack of in-house awareness, knowledge and expertise on the subject
c) Non-feasibility of the project due to unavailability of financial support, relevant technological solution and capacity building
d) Poor market for products produced by clean technology
e) Unfavourable government policies (taxes, subsidies and laws)
f) Others (please specify)

SECTION 3: DEGREE OF OPPORTUNITY
5. What is your organisation’s viewpoint on the following:
	Yes	No	If "No", please elaborate why?
a) Carbon credits related projects and investments are profitable and make a difference to the bottom-line
b) Carbon credits related projects and investments promote efficiency in systems and processes leading to conservation of vital resources
c) Carbon credits related projects help in reducing business risk (presented by environmental degradation, unavailability of raw material, energy, etc)
d) Carbon credits related projects are growth opportunities (Organic growth - by attracting funds through carbon credits sales and inorganic growth - by entering international acquisitions under JI)
e) Carbon credits related projects are being used as a stimulus to promote economic recovery through climate legislations
f) Increased investment in carbon credits related projects can have a negative impact on investments, jobs, etc on other industries (like chemicals, petroleum refining, paper, iron and steel, etc)

6. What effect would adoption of an emission trading strategy have on your company’s net profit over the next 5 years?
a) Very positive effect
b) Somewhat positive effect
c) No material effect
d) Somewhat negative effect
e) Very negative effect
f) Don’t know

SECTION 4: MANAGING CHANGE

7. Do you think managing change (like policy changes, interest rate fluctuations, unavailability of financing options, etc) is important to harness the opportunity presented by emission trading?

Yes

8. What kind of internal changes would help your organisation benefit the most from emission trading mechanisms? (Please rate on a scale of 1 to 5; where rate 1 = least beneficial, 3 = average, 5 = most beneficial)

a) Support of the top management in reducing carbon footprint.	1	2	3	4	5
b) Identifying the right people and right projects to attract investments (by building in-house expertise and knowledge on how to use carbon credits)	1	2	3	4	5
c) Strategic review to address climate change (like building a green IT strategy to integrate company’s CSR initiative and improve bottom-line figures)	1	2	3	4	5
d) Operational modification to reduce carbon footprint (becoming energy efficient internally by rainwater harvesting, using solar panels for electricity, reducing air travel, etc)	1	2	3	4	5
e) Infrastructural changes (like cleaner technology)	1	2	3	4	5
f) Financial amendments and Budget allocation	1	2	3	4	5
g) Switching to alternative energy sources to fuel growth in production	1	2	3	4	5
h) Others (please specify)	1	2	3	4	5

9. What do you think are the common external challenges faced by your organisation in going forward with these changes? (Please rate on a scale of 1 to 5; where rate 1 = least challenging , 3 = moderately challenging, 5 = most challenging)
a) Unavailability of a feasible technological solution	1	2	3	4	5
b) Lack of financial viability of a green project leading to unavailability of credit	1	2	3	4	5
c) Risk from external economic environment (like interest rate fluctuation, poor investments trends by FDIs, FIIs, PEs, etc)	1	2	3	4	5
d) Political instability in the country or lack of government support (in policies, laws, etc)	1	2	3	4	5
e) Absence of a common governing body or agencies to educate on carbon credits in India	1	2	3	4	5
f) Poor market for products produced using clean technology	1	2	3	4	5
h) Others (please specify)	1	2	3	4	5

SECTION 5: GOVERNMENT SUPPORT

10. Do you think the Indian government is playing a significant supporting role in encouraging businesses to participate in the business of emission trading?

Yes


11. Please share the shortcomings as well as provide your suggestions on the future policy changes that would help organisations to participate more actively in emission trading mechanisms:
Policy areas	Shortcomings	Suggestions for future
a) Tax laws
b) Subsidies
c) Other Laws/Regulations (Company law, Emission laws, etc.)

SECTION 6: FUTURE OF CARBON CREDITS

12. Going forward, would you like to participate in emission trading related projects?

Yes

13. Which type of project would you want to focus on or invest in, to benefit from emission trading in the future? (please mark all that apply)
a) Industrial sector efficiency and industrial process related projects
b) Cogeneration projects (use a heat engine or a power station to simultaneously generate both electricity and useful heat)
c) Renewable energy projects
d) Agriculture (to promote a low carbon economy)
e) Municipal solid waste management projects
f) Fuel switch projects
g) Carbon sequestration (the removal and storage of carbon from the atmosphere in carbon sinks (such as oceans, forests or soils) through physical or biological processes, such as photosynthesis.)
h) Afforestation / Reforestation projects
i) Others (please specify)

14. Any additional comments on emission trading.

Thank you for your time.

All information you provide in this survey will be held in strict confidence, and will not be disclosed to third parties.

If you have any questions, or need clarifications about this survey please contact Allen Sharma at +91 11 45069982

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