IBM, Tesco and Dell are among a select group of major consumer and technology companies taking active steps toward addressing the risks and capitalizing on the opportunities posed by climate change, according to a new report from the nonprofit Ceres.
Yet there is still much work to be done, Ceres found, particularly at the board and CEO levels: The boards of 11 of the 63 companies analyzed in "Corporate Governance and Climate Change: Consumer and Technology Companies" hear climate-specific updates, and just seven CEOs have assumed leadership roles on climate change initiatives. None of the consumer and technology companies examined tie related performance to the compensation of their top officers.
"Many companies, especially technology and pharmaceutical firms, are doing a better job of integrating climate change into their business strategies," Mindy Lubber, Ceres president, said in a statement.
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