We Analyzed 300 Companies’ Financial Documents to Find Out How Concerned They Are About Climate Change

  • 📰 TIME
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

TIME analyzed 300 companies' financial documents to find out how concerned they are about climate change

Experts say that this shift—from speaking theoretically about climate to talking more practically—tracks with what they’ve noticed in boardrooms and company operations, and indicates that companies are rushing to at least make investors feel they are working to mitigate climate-related risks. Patrick Callery, a professor at the University of Vermont who studies corporate climate disclosures, notes that this progression is a bit like processing an emotional shock.

But TIME also found that language documenting companies’ specific plans for achieving their climate goals are still fairly uncommon, despite a recent uptick.went from 14% to 26%. The phraseTo come up with these numbers, TIME curated a list of about 200 climate change-related words, phrases, and acronyms with input from experts at the University of Vermont’s Sustainable Innovation MBA program.

To date, the SEC hasn’t yet mandated that companies divulge their exposure to climate change, but it is traveling down that path. In 2010, the agency issued guidelines for companies that wanted to address climate in their filings, suggesting that they consider how physical damage, climate legislation and regulation, and shifting business and consumer demands could

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Can't help but notice how many of these companies haven't publicly come out against the Florida Desantis Bill which bans the word gay in schools. The silence is deafening.

Wi still remember

Just epic work, guys. Thank you for your service.

Climate change resilience could easily save trillions of dollars.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 93. in US

United States United States Latest News, United States United States Headlines