10th annual Carbon Disclosure Project survey determines that 68% of the world’s largest firms that responded are ‘acting on climate change’

usdroughtmonitor09152011.jpg

From The Guardian:

The 10th annual Carbon Disclosure Project, which analysed responses from 396 of the 500 largest companies in the world, found more than two-thirds (68%) now say they put climate change central to their business, compared with 48% last year.

Almost half (45%) are now reporting they have cut their greenhouse gas emissions as a result of steps they have taken to tackle carbon, up from less than a fifth (19%) in 2010.

The Carbon Disclosure Project report, written by PwC, also said there was a link between higher stock market performance and action on climate change, with those that have a strong focus on the issue providing investors with approximately double the average return over the period 2005 to 2011…

The CDP report suggests that rising oil prices, risky energy supplies and growing recognition of the returns on investment in cutting emissions have made climate change a more important issue in the boardroom.

It says that 59% of companies reported that the cost of schemes to reduce emissions such as energy saving projects in buildings, installing low-carbon power and changing the behaviour of staff, were recouped within three years.

Almost three-quarters of businesses (74%) who responded to the survey now have emissions reductions targets, up from two-thirds (65%) in 2010…

The report found that the vast majority (93%) of companies who responded with information have senior executives or board members responsible for climate change.

And almost two-thirds (65%) offer financial rewards to staff for taking action on climate change.

Alan McGill, PwC sustainability and climate change partner, said: “We’re seeing the highest levels of board oversight and engagement on climate change strategy ever, with significant increases in the levels of monetary incentives linked to achieving targets.

Say hello to Uunartoq Qeqertaq, or Warming Island, one of the newest islands in the world according to the The Times Comprehensive Atlas of the World. Here’s a report from The Guardian (John Vidal). Here’s an excerpt:

If you have never heard of Uunartoq Qeqertaq, it’s possibly because it’s one of the world’s newest islands, appearing in 2006 off the east coast of Greenland, 340 miles north of the Arctic circle when the ice retreated because of global warming. This Thursday the new land – translated from Inuit as Warming Island – was deemed permanent enough by map-makers to be included in a new edition of the most comprehensive atlas in the world…

The world’s biggest physical changes in the past few years are mostly seen nearest the poles where climate change has been most extreme. Greenland appears considerably browner round the edges, having lost around 15%, or 300,000 sq km, of its permanent ice cover. Antarctica is smaller following the break-up of the Larsen B and Wilkins ice shelves.

Meanwhile, more Americans believe that human activity is responsible for climate change, according to this report from Timothy Gardner writing for Reuters. From the article:

The percentage of Americans who believe the Earth has been warming rose to 83 percent from 75 percent last year in the poll conducted Sept 8-12…

As Americans watch Republicans debate the issue, they are forced to mull over what they think about global warming, said Jon Krosnick, a political science professor at Stanford University.

And what they think is also influenced by reports this year that global temperatures in 2010 were tied with 2005 to be the warmest year since the 1880s.

“That is exactly the kind of situation that will provoke the public to think about the issue in a way that they haven’t before,” Krosnick said about news reports on the Republicans denying climate change science…

Some 71 percent of the Americans who believe warming is happening think that it is caused either partly or mostly by humans, while 27 percent believe its is the result of natural causes, the poll found.

More climate change coverage here and here.

Leave a Reply