Companies And Investors Make Climate Change A Business Issue
Ottawa, ON -- Four in five Canadian companies (84%) responding to the 2008 Carbon Disclosure Project (CDP) questionnaire said they are integrating climate change into their risk management strategies....
By MRO Magazine
Ottawa, ON — Four in five Canadian companies (84%) responding to the 2008 Carbon Disclosure Project (CDP) questionnaire said they are integrating climate change into their risk management strategies. These findings show how rapidly climate change is becoming a major strategic and operational issue for companies and institutional investors.
“Companies feel the effects of climate change in many ways. Business operations may be directly impacted, and supply chains and product delivery may be vulnerable. Climate change can also present a range of regulatory, reputational, competitive and litigation risks for companies,” said Len Coad, director, environment, energy and technology at The Conference Board of Canada, which is the Canadian partner for administering the CDP survey.
“When assessing companies for their portfolios, investors are shifting their focus to public company disclosure of climate change related risks, opportunities and strategies.”
The Carbon Disclosure Project represents the largest registry of qualitative and quantitative climate change information from corporations in the world.
The Executive Action briefing, Carbon Disclosure Project-Canada 200: Summary for Investors, is publicly available at www.e-library.ca.