Al Gore is not the only one confronting the threat of global warming these days. In fact, some companies, like General Electric with its Ecomagination initiative, are turning climate change into a business opportunity. A recent report by Ceres, a shareholder environmentalist group, ranked 100 industrial companies on their strategies for addressing the financial risks and opportunities from climate change. BP and DuPont received the highest scores. Not surprisingly, ExxonMobil ranked near the bottom, with a score of 35 out of 100.
|Top 10 global industrial companies on climate-change strategies*|
|BP||Oil & gas||90|
|Royal Dutch Shell||Oil & gas||79|
|Alcan||Metals & mining||77|
|Alcoa||Metals & mining||74|
|Statoil||Oil & gas||72|
|Nippon Steel||Metals & mining||67|
Source: “Corporate Governance and Climate Change: Making the Connection,” Ceres.
*Scores based on commitment to controlling emissions, disclosure practices, support of regulatory actions, and strategic planning to address climate change.