Businesses open up to carbon disclosure

The global business community is fast embracing the concept of reporting on its greenhouse gas emissions, according to a major new report from lobby group the Carbon Disclosure Project (CDP).

The fifth annual report found that over three quarters of the FTSE 500 companies that responded to its survey had emission reduction strategies in place, compared to less than half last year.

Furthermore, 80 percent of respondents recognised climate change as presenting both risks and opportunities to their business.

The findings were not universally upbeat with the report also revealing that a fifth of companies had rejected shareholders requests for information on their response to climate change. However, the report concluded that overall "there is a continued growth of awareness about the financial and competitive implications of climate change, among both corporations and investors".

See full Article.