27 Jul '11, 3pm

As global temperatures rise, more companies begin adapting to a warmer world via @Yalemediaforum

Financial institutions are sharpening this focus. Flip through the annual reports of Fortune 500 companies, and an increasing number cite climate change issues as part of their corporate decision-making. The Carbon Disclosure Project (CDP), which surveys the world’s largest publicly traded companies on climate issues for institutional investors, now reaches more than 4,000 companies with $64 trillion in assets, and reportedly receives responses from 82 percent of the world’s 500 largest public companies (FTSE Global Equity Index Series: Global 500). The 2008 CDP survey for Asia found that “initial climate change risk assessments often uncover a more frequent and higher impact pattern of weather risks to facilities and dispersed operations than managements had previously appreciated” and served as “a catalyst for enhanced risk management, especially where managements had se...

Full article: http://www.yaleclimatemediaforum.org/2011/07/more-compani...

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