Rising number of top firms believe climate change is threat to business

[Judi Lynn]

Rising number of top firms believe climate change is threat to business
Carbon Disclosure Project reports companies acknowledge risk but are not doing enough to cut emissions
Press Association
guardian.co.uk, Wednesday 12 September 2012 01.30 EDT

Major companies are increasingly concerned that they are at risk from climate change in the face of recent extreme weather events such as drought and floods, according to a report published on Wednesday.

More than one-third (37%) see the physical risks of a changing climate as a real and present danger, up from just 10% two years ago, says the latest Carbon Disclosure Project (CDP) Global 500 report, a survey of top global companies.

Four-fifths (81%) identify climate change risks to their business operations, supply chains and plans, up from 71% last year.

Of the 379 from 500 companies who responded to the CDP's request for information about climate strategies and emissions data, 78% say they are now integrating climate change into their business strategy, up from 68% last year.

More:
http://www.guardian.co.uk/environment/2012/sep/12/climate-change-business-cdp

[Yo_Mama]

1. This is an artifact of changes in SEC disclosure regulations

Companies are mandated to make these disclosures now, and for legal reasons they need to identify any risks that may exist, whether they are really worried about them or not.
http://www.sec.gov/rules/interp/2010/33-9106.pdf