CDP Survey: 70 Percent of Firms Fear Climate Threat to Revenues

The headline response from a recent CDP survey of companies indicate climate change has the potential to significantly impact their revenues, with many warning that they expect climate impacts to be felt within the next five years.

The CDP survey sent information requests to the 52 large companies in the group’s Supply Chain initiative and more than 6,000 of their suppliers around the world. Just 38 percent of suppliers responding said they had emissions reduction targets in place, compared to 92 percent of the purchasing companies surveyed, including global brands such as Dell, L’Oreal and Walmart. Similarly, only 27 percent of suppliers said they were investing in measures to curb emissions and energy use, compared to 69 percent of purchasing companies.

“This research illuminates fragility in the global supply chain model. The marked difference in the sustainable actions of companies and their suppliers highlights a missed opportunity for suppliers to reduce energy costs and risks,” said CDP’s chief executive Paul Simpson in a statement. “The 61 percent of suppliers that failed to provide information through CDP are an even greater concern since they and their clients are unable to make a full assessment of the substantial climate risks or opportunities they face.”

Comment here on the CDP survey of companies about climate change impacting thier revenue.