Bayer, Nestle Lead Carbon-Cutting Effort

Climate risk grows; 37% of big companies cite climate-related disruptions.

Bayer AG and Nestle SA are leading efforts to measure and cut emissions as companies increasingly view extreme weather events caused by climate change as a threat to their business, the Carbon Disclosure Project said.

About 37 percent of respondents in a survey of the 500 biggest companies reported an immediate danger to their operations from disruptions ranging from floods that shut factories in Thailand to drought that’s decimated crops in the U.S., the London-based non-profit said today in a report. That’s up from 30 percent last year and 10 percent in 2010.

Biggest Companies

The CDP requested data from the so-called Global 500 companies, the biggest by market capitalization in the FTSE Global Equity Index Series. A total of 405 businesses supplied the information, though today’s report is based only on the 379 that replied by July 31.

Resilient Future

“Companies that work to decouple greenhouse gas emissions from financial returns have the potential for both short and long-term cost savings, sustainable revenue generation and a more resilient future,” Simpson said.

Page 3 of 3

Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Comments

Advertisement. Closing in 15 seconds.