Survey Shows FT 500 Firms Acting, Paying Attention On Climate, S&P 500 Lagging Behind - AFP

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Quizzing a sample of members in the Financial Times 500 (FT500) index of the world's biggest corporations, CDP found that 80 percent of respondents saw climate change as presenting risks and opportunities to their business. Of those who considered climate change to represent a commercial risk, 95 percent had implemented a program to reduce their greenhouse-gas emissions with a specific target and timeline.

Overall, three quarters of respondents said they had implemented a greenhouse-gas reductions initiative of some kind, compared to less than half in the 2006 CDP report. "This trend suggests that a majority of firms recognize the finance and reputational benefits of improved carbon performance," CDP said.

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In contrast, though, a sample of US firms, as measured through the Standard and Poor's 500 (S&P 500) index, showed that these "are not as far along" as the more international FT500 group, CDP noted. More of the US respondents saw climate change as presenting commercial risks rather than opportunities.

In addition, only 29 percent of US respondents had implemented greenhouse-gas reduction programs with timelines and specific targets.

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http://www.terradaily.com/2007/070924152002.d5xpapl9.html