Sprint, Sempra, and Entergy are just a few of the companies highlighted by the CDP in this year’s S&P 500 Climate Change Report, which tracks how America’s largest listed companies are responding to climate change.
Shareholder Pressure for Carbon Disclosure Puts Corporate Fleets in the Cross Hairs
A record number of resolutions were filed during the 2009 proxy season by investor groups to get companies to voluntarily disclose data about their "carbon footprints," which includes the greenhouse gas (GHG) emissions caused directly and indirectly by their operations. These investors argue companies that disclose and mitigate GHG emissions will be rewarded with higher valuations and a lower cost of capital. At many companies, fleet represents a sizeable percent of their carbon footprint.
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