UPDATE: Corporations Are Tackling the Risks Associated with Climate Change

Corporations Are Tackling the Risks Associated with Climate Change: "Ceres began its life 20 years ago in the wake of the disastrous Exxon Valdez oil spill. Since then, Ceres has become the sponsor of the Global Reporting Initiative, an international standard for sustainability reporting used by more than 1,100 companies. The organization claims to be the originator of the concept of climate risk. Ceres’ report, The 21st Century Corporation: The Ceres Roadmap for Sustainability, outlines 20 key expectations that today’s investors have of companies they invest in, expectations in the areas of governance, stakeholder engagement, disclosure and performance.

According to Mindy S. Lubber, president of Ceres, a crucial climate-change-related performance expectation for the roadmap is “a 50 percent improvement in energy efficiency and a 25 percent lower carbon footprint by 2020.” Companies that meet these kinds of expectations “will be best positioned to thrive in the coming low-carbon, resource-constrained global economy of the 21st century,” she stresses."

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