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.
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.
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