Global problems like climate change demand new business models. Not creating new models will result in more than another financial-sector meltdown, with env. & social problems on a scale never before seen. Bringing pay into the equation gets attention.
Australia is dropping its plans for an ambitious carbon emissions trade scheme for at least three years due to Senate opposition and slow progress on a global climate pact, waiting until the Kyoto pact expires in 2012
The answer lies in combining the annual & CSR/sustainability reports into something I call "One Report," which provides the essential information on a company's financial, environmental, social, & governance performance & shows the relationships b/w them.
Although climate reporting has focused on two primary issues, greenhouse gas emissions & efforts to reduce them, and the risks & opportunities created by climate change, a third issue is emerging - engagement in climate change policy.