Carbon Footprint Management Worse Than Sarbanes-Oxley

CFO continues to cover “green” issues and how companies react to them. The confusion on becoming “green” is borne out of the fact that much of the environmental crisis is trumped up. Companies are beginning to compare the coming regulatory environment to SOX – which was a ridiculous response to some corporate shenanigans:

Companies may have an easier time, however, selling green products and services to customers than becoming green themselves. Martin says that managing Jones Lang LaSalle’s carbon footprint has been “a nightmare…worse than the horrors of Sarbanes-Oxley.” That’s largely because the company’s activities depend heavily on travel and on managing buildings that other people own. With so many facets of its operations outside of its direct control, obtaining basic measurements of its environmental impact has been a challenge.

We live in a world that is susceptible to fear mongering and overblown charges. I believe the problem stems from people that are unable to think for themselves and simply go along with the herd.

Do you think that determining carbon footprints is valid? Is this simply SOX all over again? Are we living in an age where overregulation will continue to hurt companies and the economy?

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(Image source: stockxchng.com)