Buffett Says Shortcuts on Environment Can Put Profits at Risk
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Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., said companies won’t last if they fail to consider the impact of their businesses on the environment.
“Taking shortcuts is not the pathway to achieving sustainable competitive advantage, nor is it an avenue toward satisfying customers,” Buffett, 81, said in a report published today on the website of Omaha, Nebraska-based Berkshire’s Johns Manville building products subsidiary. “A company must invest in the key ingredients of profitability: its people, communities and the environment.”