Though some people are still debating the issue of global warming, businesses clearly aren’t. Significantly more U.S. companies are disclosing risks associated with climate change in their annual reports, especially in the energy sector, according to research by The Conference Board Inc.
Data for 2014 show 27 percent of S&P 500 companies included discussion of climate change risks in their annual 10-K filings with the U.S. Securities and Exchange Commission, compared with just 5 percent the previous year, according to Matteo Tonello, managing director for corporate leadership at TCB. Tonello co-authored the research report.
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