World’s largest firms ‘acting on climate change’

Climate is central to business strategy of 68% of the world’s 500 largest companies, compared with 48% last year

Carbon emissions

A majority of the world's largest firms put climate change at the heart of their business strategy. Photograph: Mick Tsikas/Reuters

A majority of the world’s largest firms are taking action on climate change as part of their business strategy for the first time, a survey has found.

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.

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