Big Companies are Taking Climate Change Very Seriously

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Big Companies are Taking Climate Change Very Seriously

by Gina-Marie Cheeseman
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Companies make commitments to #renewables and #energy efficiency http://bit.ly/2dAl8fA via @Justmeans

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Wednesday, September 28, 2016 - 8:00am

CAMPAIGN: CSR Blogs

CONTENT: Blog

Big companies are taking climate change very seriously. Before the December 2015 climate talks in Paris, 154 companies signed the pledge to demonstrate their support for action on climate change. The 154 companies have operations in all 50 states, employ almost 11 million people, represent over $4.2 trillion in annual revenue and have a combined market capitalization of over $7 trillion. 

The possibility of a price on carbon is helping spur these companies to take action on climate change. Most companies have a positive perception of a mandatory carbon price. Seventy-five percent of the largest companies say they will either be better off with a mandatory carbon price or that it would not have much effect on their operations, according to a report by Ingersoll Rand and GreenBiz. Companies with revenues less than $10 billion show even greater (82 percent) support. 

Photo: Ingersoll Rand

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Gina-Marie Cheeseman is a central California-based journalist who writes about sustainability, environmental issues, and healthy living. With a degree in journalism and a passion for social responsibility, she writes for a number of online publications. She believes that collaboration between the public and private sectors can help solve many problems facing the planet and its people. Mashable.com named Cheeseman as one of the “75 Environmentalists to Follow on Twitter.” 

CATEGORY: Environment