The integrity of emissions data has been thrown into question with only a small number of businesses expressing confidence in their own greenhouse figures.
A PricewaterhouseCoopers survey of chief executives and chief financial officers of over 300 Australian businesses found that only 2% believed the company's recorded emissions levels were of a high quality and would hold up to scrutiny.
Company executives also overwhelmingly want more information, 70% of those surveyed believing they don't know enough about the risks of climate change on their business.
Leading the way in addressing climate change is the resource sector - 28% of resource companies have established a budget to respond to perceived risks compared to 5% of the total sample. Over 75% of businesses have not formally assessed the risk of climate change to their operations.
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http://business.theage.com.au/companies-doubt-greenhouse-figures/20080130-1oyi.html