Carbon Disclosure Project S&P 500 Reveals Most US Companies Being Proactive on Climate Change Despite Lack of Mandates

The Carbon Disclosure Project (CDP) S&P 500 report released on September 19, 2011 reveals that for the first time in the CDP’s ten year history the majority of US companies are reporting strategies for climate change.    The CDP’s report analyzed information from 339 of the largest US corporations and was written by global professional services firm PwC.   Highlights of the findings include:

 

  • Companies with senior executive or board oversight of the corporation’s climate change strategies increased from 68% in 2010 to 87% this year.
  • Companies having climate change policies and an integral part of their business strategy moved up from 35% in 2010 to 65% in 2011. 
  • Those setting targets to reduce greenhouse gas (GHG) emissions moved to 64% from 51% in 2010 and double the percentage from 2008. 
  • More than 60% of emission reduction and energy efficiency programs were reported to have a payback period of three years or less. 
  • Respondents offering financial incentives to staff for managing climate change issues increased from 35% in 2010 to 54% in 2011.

 

Key drivers for tackling environmental issues were cited as unstable fuel prices, extreme weather events, increasing investor pressure, and opportunities to raise revenue and create new and better products. 

 

Initiatives mentioned most by companies include energy efficiency improvements in their facilities, transportation networks and business processes.  These were supported by capital investments and efforts to change employee behavior. 

 

Those leading the way span industry sectors and include Air Products & Chemicals, Alcoa, Bank of America, Cisco Systems, Clorox, Consolidated Edison, CSX, Ecolab, Lockheed Martin, Molson Coors Brewing and Morgan Stanley.

 

Find the complete CDP S&P 500 report 2011 at:  https://www.cdproject.net/en-US/Pages/SP500.aspx

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The Carbon Disclosure Project (CDP) S&P 500 report released on September 19, 2011 reveals that for the first time in the CDP’s ten year history the majority of US companies are reporting strategies for climate change. The CDP’s report analyzed information from 339 of the largest US corporations and was written by global professional services firm PwC. Highlights of the findings include:

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