Big Four disagree over growth in ‘green’ work

Big Four firms
have varied opinions on the potential growth in environmental work, according to
a report in the FT.

Doug Johnston, head of corporate and social responsibility at
E&Y, said that while it was not a large
revenue stream for the firm at the moment, ‘potentially, it could grow
exponentially’.

PwC also expected work in this area to expand with John Manning, head of
environmental tax and regulation at the firm saying that in a short space of
time, ‘everyone will need to take action on this’.

‘Our advice is that companies should get in there and engage with government
on policy formulation,’ Manning added.

But
John
Griffith-Jones, UK chairman and senior partner at KPMG
said the majority of
businesses believed that going green will put them at a competitive
disadvantage.

‘They are refusing to act unilaterally on climate change amid uncertainty
over what measures the government may introduce, such as taxes and quotas,’ he
said.

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