Carbon Disclosure Project reports companies acknowledge risk but are not doing enough to cut emissions.

The_Warfield/Flickr

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.

To keep reading, click here.