ABSTRACT
This chapter examines the impacts of globalization and climate change in a South Asian context, paying attention to how they present opportunities and risks for doing pro-poor business under integrated economic scenario. Globalization—a growing degree of interdependence among economies, businesses and societies through cross-country flows of information, ideas, technologies, goods and services, capital, finance and people—has ushered in a new era of contrasts: of fast-paced change and persistent sustainability problems. The globalization and economic integration can have both positive and negative effects on the environment and hence the necessity for corporate responses. Corporate executives typically manage environmental risks as threefold problems of regulatory compliance, potential liability from industrial accidents, and pollutant release mitigation. The far-reaching effects of globalization and climate change become clear when the corporate think about different kinds of risk—most of which can be transformed into opportunities—and how they could affect the value of the company.
