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Wednesday, October 12, 2011

Climate Change Update: Canadian companies sees cap-and-trade regulations could provide a significant market opportunity

The recent survey of 108 large Canadian companies is part of the annual worldwide study conducted by the non-profit CDP on behalf of more than 500 institutional investors. Over the past decade, the group has cajoled more and more global firms to disclose their policies and initiatives related to climate change and water usage.

More than half of the companies that responded to the survey said they sell at least some products or services that help clients reduce greenhouse-gas emissions. At the same time, more than 85 per cent said they have a program in place to reduce their emissions – usually by cutting energy use in their buildings or plants.

“Large organizations … are seeing climate change as a business imperative that needs to be dealt with,” said Zoe Tcholak-Antitch, North American director of CDP. “Climate change represents the first-ever predictable industrial revolution, and I think a lot of companies are really beginning to see that.”"
Canadian firms warming to climate-change measures - The Globe and Mail: "
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