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Article

1 Mar 2006

Author:
Douglas G. Cogan, Investor Responsibility Resource Center, for Ceres

[PDF] full report: "Corporate Governance and Climate Change: Making the Connection"

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This report is the first comprehensive measurement of how 100 leading global companies are preparing and positioning themselves to face these challenges [from climate change]. It pays particular attention to the job that corporate executives and board members are doing to enact well-functioning governance systems to face the climate challenge... The results are encouraging. In 2003, Ceres released a report on 20 companies showing that major U.S. businesses were largely ignoring these issues. By contrast, this report shows that corporate leaders in many key industries are now facing the challenge head-on... Yet...most American companies lag behind their international peers... [Chemical industry rankings: DuPont, Bayer, ICI, BASF, Dow Chemical, Air Products, Praxair, Rohm & Haas, Monsanto, PPG. Electric power rankings: AEP (American Electric Power), Cinergy, Entergy, Exelon, Calpine, PG&E, Xcel Energy, Edison Int’l, TXU, DTE, FirstEnergy, FPL Group, Southern, Duke, Progress, AES, Sempra, Dominion, Constellation. Industrial equipment rankings: GE (General Electric), ABB, UTC (United Technologies), Hitachi, Mitsubishi Heavy Industries, Siemens, Caterpillar, Deere. Metals & mining rankings: Alcan, Alcoa, Nippon Steel, BHP Billiton, Anglo American, Newmont, Nucor, United States Steel, Mittal Steel, Phelps Dodge. Forest products rankings: International Paper, Abitibi, Weyerhaeuser, MeadWestvaco, Georgia-Pacific. Oil & gas rankings: BP, Royal Dutch (Shell), Statoil, Total, Chevron, Anadarko, Sunoco, Amerada Hess, ConocoPhillips, ExxonMobil, Marathon, Occidental, Valero, Apache, Tesoro, Burlington, Devon Energy, El Paso, Murphy Oil, Williams. Coal rankings: Rio Tinto, Peabody, CONSOL, Arch, Foundation. Food industry rankings: Unilever, Nestle, General Mills, ADM, Altria, PepsiCo, Bunge, ConAgra. Airline/air transport rankings: UPS, British Airways, Air France, FedEx, AMR (American Airlines), Southwest, UAL (United Airlines). Also refers to steps taken by JPMorgan Chase, Goldman Sachs]