Wednesday, October 10, 2007
More Big Companies Tackle Carbon Emissions, Study Finds
Amid growing awareness about the implications of climate change, large corporations have started taking action to reduce their carbon footprints, according to a report to be released today.
The report is the fifth from the Carbon Disclosure Project, a London-based collaboration of 315 global institutional investors. Set up in 2000, the project represents one of the most comprehensive attempts by investors to seek information about climate change and greenhouse-gas emissions in order to gauge the potential impact on companies' bottom lines. The report focused on the world's 500 largest publicly traded companies by stock-market value, although it relied on results from companies that chose to respond. In the latest survey, 77% responded, up from 72% a year earlier.
See full Article.