C-suite in step with COP 21 agreement | KPMG | CA

C-suite in step with COP 21 agreement

C-suite in step with COP 21 agreement

C-Suite 41: Canadian business leaders voice expectations on climate change regulations and the government.

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C-suite in step with COP 21 agreement

In light of the recent COP 21 Agreement – a historic, global pact on climate change – it is encouraging to notice that the alignment of this quarter’s C-suite survey results match not only international sentiment, but impending action as well. Conducted just prior to the achievement in Paris, the c-suite showed enthusiasm, where most executives expect that establishing climate change regulations should be among the priorities of the Liberal government, and 71% agreed that the government should move ahead with a final framework of regulations on climate change and emissions.

Top highlights

Government Priorities

  • The C-suite believes improved relations and trade with the US (74% of execs) and Asia (69% of execs) should be top priorities. 
  • The vast majority of execs (78%) supports the proposed Trans-Pacific Partnership (TPP), although some cite the lack of transparency as a concern. 
  • The surveyed execs are especially concerned about negative tax implications. Open ended answers shows substantial interest in tax incentives, keeping taxes low, maintaining some existing tax advantages introduced by the last Harper government.

Climate Change

  • Most of the surveyed execs expected that establishing climate change regulations should be among the priorities the new federal government addresses, though only 28% said it should be a high priority. 
  • Vast majority agrees that it's time to end uncertainty for business and join a major global agreement on GHG reductions if such an agreement is going to include the world's major economic powers.

Economic outlook

  • Similar to last quarter's results, most execs (89%) expect the US economy to grow over the next year, and less than half (42%) expected the Canadian economy to grow over the next 12 months. 
  • Most companies have modestly positive outlooks for their businesses in comparison, with the weakest outlook confined almost entirely to the resources sector. 
  • Few are interested in proposals to kick start job creation and investments in employment through tax credits.

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