Report Rates Corporations on Climate Change Efforts

New York, NY (December 11, 2008)- The investor coalition group Ceres released a report called Corporate Governance and Climate Change: Consumer and Technology Companies, which evaluated how well tech, consumer products, leisure, and drug companies implemented policies to reduce energy consumption and greenhouse gas emissions. Among the highly-ranked companies were Tesco PLC, Nike, Wal-Mart, Dell, Intel, and Johnson & Johnson.

Annual reports and financial filings were examined to determine the degree to which companies incorporated climate risks and opportunities into their strategic thinking. “Many companies, especially technology and pharmaceutical firms, are doing a better job of integrating climate change into their business strategies,” said Mindy S. Lubber, president of Ceres.
“But the overall responses among these companies are very spotty, especially in the restaurant, real estate and travel & leisure sectors where climate change is barely on their radar.”
Related Resources:
Corporate Governance and Climate Change: Consumer and Technology Companies
Business Week- The Greening of the Corporation