Corporations have become better about disclosing their greenhouse gas emissions and somewhat better about curbing them. But few investors are using that information to decide where to put their money.
That was the gist of the fifth annual report of the Carbon Disclosure Project, a nonprofit group that monitors corporate disclosure related to climate change. The group, which gathers its data through surveys, represents 315 institutional investors that manage a total of $41 trillion in assets.
“Large companies are finally taking their jackets off, rolling up their sleeves and examining how they use energy and otherwise deal with climate change,” said Paul Dickinson, chief executive of the project.
The report said that 79 percent of respondents saw risk in climate change, and many were trying to mitigate it. Several food and beverage companies reported steps to ensure their water supplies, while several insurance companies said they were quantifying risks from severe storms.
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