Investors urged to keep pressure on firms to prepare for climate change

Less than half of major UK companies have plans in place to protect them from climate change even though over 80 per cent of businesses say climate change is a substantial risk to them, new research commissioned by DeFRA has found. Less than half of major UK companies have plans in place to protect them from climate change even though over 80 per cent of businesses say climate change is a substantial risk to them, new research commissioned by DeFRA has found.

Environment Minister Lord Taylor has today called on investors and shareholders to keep the pressure on their business interests to prepare for climate change so they can achieve long-term growth. The research, carried out on behalf of DeFRA by the Carbon Disclosure Project (CDP), found that while 80 per cent of FTSE 100 companies surveyed identified substantial risks to their business from climate change, only 46 per cent said they have included adaptation plans in their business strategies. Read more on the DEFRA website…