GLOBAL - Increasing numbers of companies are now viewing climate change as a significant issue, new research from Jupiter Asset Management has shown.
However, Jupiter warned that 27% of its respondents still seem complacent about the issue.
In May 2002 Jupiter became a signatory to the Carbon Disclosure Project.
The focus of this initiative, involving some 30 institutional investors (with combined assets of US$4.5trn) was to write to the world's 500 largest quoted companies by market capitalisation to identify what potential risks and opportunities climate change may bring to them and how they are adapting their businesses to manage this issue.
The Project has just published a report with its findings.
Emma Howard Boyd, Jupiter's head of socially responsible investment, said: “Global warming is a growing issue for all business communities and as an investor we are keen to gain a greater insight into the world's largest companies and how they plan to tackle their emissions.
“As a signatory to the Carbon Disclosure Project we will be looking closely at the findings of their report.”
And she warned: “Of immediate concern is the number of companies which did not respond to the initiative - we will be contacting those companies that did not respond and are held within Jupiter's portfolios.
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