2Sustain

Despite challenging economic conditions and regulatory uncertainty, a majority of corporate executives expect to increase spending on climate change initiatives between 2010 and 2012, according to new survey results from Ernst & Young.

The survey, conducted in the spring of 2010, polled 300 global corporate executives from 16 countries with at least US$1b in annual revenue. Among these respondents, 70 percent plan to increase spending on climate change initiatives over the next two years. Nearly half plan to spend between 0.5 percent to more than 5 percent of their revenue on climate change initiatives. (As a frame of reference, for a US$1b company, this represents an anticipated spend of US$5 million to US$50 million annually.)

Here are a few other key finding from Ernst & Young’s new research: (more…)

Earlier this month, Ceres, a coalition of investors, environmental groups, and other public interest organizations, issued a report analyzing climate change governance practices at 63 leading consumer-facing companies. While we all know that many businesses are making progress in confronting the challenges posed by climate change, this comprehensive 318-page report (complete with company profiles) makes it clear that there is still much more that needs to be done.

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