12 Sep '12, 12pm

CDP: More big businesses see risks from climate change

CDP: More big businesses see risks from climate change

Although few politicians aside from President Obama dare utter the words "climate change," more global businesses see its impact as a "real and present" danger to their operations, according to a new analysis from the Carbon Disclosure Project (CDP). More than three-quarters (81 percent) of the world's largest public companies that report their greenhouse gas (GHG) emissions data and sustainability strategies now include physical threats and disruptions from climate change -- such as flooding, drought and fires -- among their corporate risk disclosures, reports the latest CDP Global 500 Climate Change report , co-written with professional services firm PwC. What's more, 37 percent of the 405 companies reporting to CDP list those factors as a serious threat, up from 10 percent in 2012. “Extreme weather events are causing significant financial damage to markets,” said Paul S...

Full article: http://www.greenbiz.com/news/2012/09/12/more-businesses-s...

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