GLOBAL - Some 500 of the world's largest companies could face billion dollar wipe-outs in shareholder value if they fail to act on climate risk. A new report, commissioned by the Carbon Disclosure Project, warned stockmarket heavyweights that they face shaving up to 40% off their market cap if they continue to ignore the effects of greenhouse emissions.
The survey found that while 80% of the 260 respondents acknowledged the importance of tackling pollution, only 35%-40% were actively addressing the issue. Tessa Tennant, CDP chairman, said: We'r...
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