The Carbon Disclosure Project (CDP), a British environmental advocacy group that focuses on business sustainability, said Wednesday that 343 companies listed on the S&P 500 participated in its carbon survey this year, adding that their results show a “tipping point” has been reached when it comes to corporate acceptance of climate change.
The group’s annual S&P 500 Climate Change Report (PDF) found that 92 percent of the participating companies conducted “board or executive-level oversight” on climate change strategies, and that 83 percent incorporated climate strategies into risk management portfolios. Both of those numbers are up over 2011′s report.
In all, 81 percent of the companies identified physical risks due to climate change, and 74 percent “identified climate change opportunities” that simultaneously boost efficiency and profits. In one of the biggest shifts the CDP noticed, 52 percent of the survey’s respondents actually reported making emissions reductions, up by 23 percent over last year’s survey.
This is great news. CDP is a really serious and rigorous org and tracks the largest set of corporate data on emissions out there. Sad that while nearly 70% of the biggest US businesses recognize climate change as a risk (and opportunity!), our elected leaders are still scared to say the words out loud, much less tackle the problem head-on.