Monday, September 19, 2011

Firms with climate change strategies perform better

"For the first time in its ten year history, the Carbon Disclosure Project (CDP) Global 500 survey report reveals the majority of the world's largest public corporations have climate change actions embedded as part of their business strategies. The survey also finds that companies with a strategic focus on climate change provided investors with approximately double the average total return on their investments."

This is what you would expect if the majority of consumers favour companies which care about the environment. Or caring about climate change could be a luxury good for firms - only the more profitable ones can afford to care.

Read the whole article HERE

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