IBM Tops Climate Change Governance League Table
IBM Tops Climate Change Governance League Table
IBM, Tesco and Dell have taken the gold, solver and bronze positions in a new league table assessing firms' response to climate change, released last week by the Ceres coalition of investment firms.
The study, authored by analysts RiskMetrics Group, assessed the climate change governance and reporting practices of 63 of the world's largest consumer-facing multinationals, including firms from across the technology, retail, pharmaceutical and clothing sectors.
The report calls on firms to embrace a raft of best practices to enhance their climate change governance, including linking environmental performance to executive remuneration packages, setting company wide energy efficiency standards and renewable energy purchasing targets, and implementing green procurement policies.
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