It doesn't
feel any hotter to me.
— George W. Bush
[Carbon Disclosure Project Press Release 14sep2005]
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It doesn't
feel any hotter to me.
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More than 100 of the world's largest companies have ignored a global survey of corporate attitudes to climate change.
Aerospace company Boeing, computer giant Apple, online retailer Amazon and News Corporation are among the organisations that failed to respond to a survey from the Carbon Disclosure Project, which launched a report on its findings last week in New York.
Acting on behalf of institutional investors with combined assets of more than $20 trillion, the London-based project asked the heads of the largest 500 companies how big a risk climate change posed to their business and what they were doing to reduce greenhouse gas emissions. Of the 354 firms that responded, 90% said climate change posed commercial risks or opportunities and 63% claimed they were taking steps to cut emissions.
Paul Dickinson, the coordinator of the project, said: "Investors are very concerned that climate change is going to have a significant impact on the financial performance of companies... It is certainly very disappoint that companies didn't respond." Morgan Stanley, Harley-Davidson and Wal-Mart also failed or declined to respond to the survey.
BSkyB told the survey: "Climate change and the policy responses to climate change pose both commercial risks and opportunities to our business." But a spokesman for News Corporation, BSkyB's US-based biggest shareholder, said: "I think it's pretty obvious that a media company does not have a carbon issue. I don't see why you would single us out on an issue that clearly is not relevant to our business."
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