Two new reports published by CDP, a not-for-profit organization that runs a global environmental impact disclosure system, surveying this year’s disclosures from 5 759 companies found strong evidence of a growing trend among the world’s businesses towards addressing their impact on the global environment in earnest. The survey’s showed a growing acknowledgment of a future in which carbon emissions will be increasingly restricted, with the number of companies at least planning to account for carbon emissions pricing rising 23% from 2015 and 147 companies taking this approach a step further in their adoption of carbon pricing as an efficient mechanism for achieving emissions reductions.

Further supporting the signs of a rising trend, a second report published by CDP revealed the results of a survey conducted among business concerning their reactions to the Paris Agreement and plans for integrating climate concerns in their strategies. In the survey, over 600 of the world’s largest companies registered that they were proactively addressing the Paris Agreement, considering both risks and opportunities that could impact their operations. These companies have acknowledged the need for change and seek to position themselves to benefit from the US$90 trillion in investments that are expected to be directed towards infrastructure improvements across the globe over the next 15 years.

See how the world’s businesses are pricing their impact on the climate 

Read an in-depth report by the New Climate Institute on how business stand to benefit from the changes as well as an assessment of their prospects

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