Speaking at the Carbon Disclosure Project – a group of 35 institutional investors – Higgs said environmental concerns should be a central issue for companies, and warned of fresh laws targeted at companies and investors if they did not take a more active role to reduce risks to the environment.
At the meeting, the Carbon Disclosure Project released a survey, which showed the world’s top 500 companies are not taking any action to deal with global warming.
In the UK, the Climate Change Levy, which taxes companies on the amount of energy they use, was introduced in April 2001.
It has, however, proved very controversial with organisations like the Royal Society and the Federation of Small Business calling for it to be scrapped.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements