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Global Move For Sustainability Good News For U.K. Businesses

February 9, 2011: 02:13 AM EST

Despite the failure of the Copenhagen and Cancun meetings to produce binding treaties, observers forecast the global economy's greening to proceed at faster pace, creating opportunities for businesses. HSBC Global Research says governments will spend $500 billion in 2009-2014 to promote green development and U.K. companies, as their Asian counterparts do, should view sustainability as a potential source of growth. Developing countries, which face risks from climate change and resource challenges, have rapid GDP and population growth rates that make them an important market for consumer goods companies. Examples of companies' sustainability efforts include Unilever's "Sustainable Living" campaign and Walmart's push for its suppliers to adopt sustainable practices.

Andrew Stone, "A great opportunity for sustainable growth", The Daily Telegraph (London), February 09, 2011, © Telegraph Media Group Limited
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