More large U.S. companies are taking steps to address climate change in their own operations, including setting emissions-reduction goals. But their advocacy for climate change policies in Washington and beyond often does not match the ambition of their individual commitments, a new report suggests.
The Ceres report examined the corporate lobbying activity of S&P 100 OEX, +0.27% companies and found that the vast majority acknowledge climate science, nearly all plan to clean up their own operations by setting emission reduction goals, and most say there is a need for science-based climate policy.
Ford Motor Co. F, -1.18% has actually lobbied both against and for science-based climate policies in the past five years. After former President Trump was elected, the company’s then-CEO called for the weakening of the Obama-era Corporate Average Fuel Economy standards. However, the company subsequently rejected the weaker Trump standards.
Opinion: Ford’s Lightning pickup could make electric vehicles popular with all consumers, not just the green ones The Ceres report specifically looked at the lobbying push of the U.S. Chamber of Commerce. More than 70% of the assessed companies said they are members of the Chamber, but less than 10% are holding the Chamber accountable for what Ceres calls its “oppositional” climate change track record or disclosing how they are engaging with the Chamber to support science-based climate policy.
Read: Inclusion of these U.S. money managers means nearly half of all asset funds managed globally are linked to climate-change pledge
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