Business leaders across the Gulf have called for a crackdown on unsustainable practices and the introduction of new environmental laws, according to a survey published today by MEED. The MEED sustainable business survey 2007 examined industry attitudes to climate change. It found 84% of respondents think a law is required to force businesses to operate in an environmentally sustainable manner, and that 99% believe businesses have an obligation to behave in a sustainable way.
Waste management, reducing energy usage, pollution control and the use of sustainable building materials are among the areas that would benefit from tighter regulation, the survey found.Most businesses said new laws should be strictly enforced to ensure they don't suffer financial disadvantage against rivals who opt out of sustainable practices. 94% of respondents think environmental concerns will beome more important to businesses in the future, while 91% said governments across the region should introduce incentives such as free recycling schemes and preferential treatment in government tenders for environmentally clean firms. The survey also revealed a desire for import tax reductions on low-emission vehicle engines, an increase in landfill tax, and the introduction of a carbon tax on petrol and gas. 88 per cent of respondents said they would back the introduction of a carbon trading emissions system.Sean Brierley, Editor-In-Chief of MEED said “Sustainability is becoming an increasingly significant concern in the Gulf with governments and businesses making a notable attempt to decrease the region's carbon footprint.”The research highlights how far environmental issues have risen up the corporate agenda in recent years, he added. However, the survey shows that “the public will only take sustainability on board if the government forces the issue,” he said.
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