What challenges do environmental issues present to businesses?

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What challenges do environmental issues present to businesses?
Paper is 1000 words (not including referencing) on what challenges do environmental issues present to businesses. To give you a general idea, here is a background on the subject to be written:
The 21st Century is witnessing dramatic climatic changes and impacts upon society and business. In addition, the world is losing its biodiversity at an alarming rate and global pollution is presenting increasing threats to human health. The consequence for the modern business organisation is that the profit maximisation focus is becoming challenged by a need to balance this aspiration with the need to remain as a legitimate business in the eyes of the public. It is the public who are the consumers and customers and it is they who are becoming increasingly aware of the threat to human existence associated with environmental threats, especially climate change. In the coming decades these issues will intensify and businesses will need to profitable and not only need to reduce their environmental impact but will have to demonstrate to an increasingly aware public that they are behaving in a positive way to the natural environment.
Against this backdrop, the essay question asks What challenges do environmental issues present to businesses? What are the implications of the external environment and the stakeholder environment? Do you think theories of the early proponents of management present insights to managing these challenges OR do you think new ways of thinking are needed.
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