Dispatched by the SSC Team
An interesting article released this week by SocialFund.com highlights how smaller companies are lagging in climate change reporting and the work that these companies have yet to undergo in preparation for the transition to a low-carbon economy.
Here are some of the findings that Robert Kropp shares about the new report, Risk and Opportunity in a Low-carbon Business Climate: Small & Mid-Caps & Climate Change by Helen Mou:
The report examines the disclosure of climate-related risks and opportunities by 364 companies representing the top 50% of market capitalization among the Russell 2000 index of small- to mid-cap companies.
The findings of the report are sobering. Although 56 of the 364 companies studied published sustainability or corporate social responsibility (CSR) reports, "Only 39 recognized climate change (10.7 percent) at all, while only four of 364 companies reported their greenhouse gas emissions," the report found.
The four companies that reported their GHG emissions are Jet Blue, Otter Tail, Green Mountain Coffee Roasters, and Timberland.
While these figures reveal some scary truths, small- and mid-cap companies will have to start preparing for the transition if they want to succeed, whether it is legislated or not.
To review the article, click here.
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