Firms fear extreme weather
Following the hottest US summer on record, fires in Russia and flooding in the UK, Japan and Thailand, extreme weather events are pushing climate change up the corporate agenda, according to the latest survey of leading companies by the Carbon Disclosure Project (CDP)Its 2012 Global 500 climate change report finds that 81% of companies polled now identify physical risk from climate change, with 37% perceiving these risks as a real and present danger – up from just
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The UK's National Drought Group (NDG) has this week agreed measures to manage the current drought and minimise risks for next year, with businesses now facing a “new normal” for water.
Investors managing $9.8trn (£8trn) in assets have joined a new campaign urging 72 of the world’s biggest corporate water users and polluters to value and act on water as a financial risk.
The Environment Agency has successfully prosecuted Southern Water for thousands of illegal raw sewage discharges that polluted rivers and coastal waters in Kent, resulting in a record £90m fine.
In Elliott-Smith v Secretary of State for Business, Energy and Industrial Strategy, the claimant applied for judicial review of the legality of the defendants’ joint decision to create the UK Emissions Trading Scheme (UK ETS) as a substitute for UK participation in the EU Emissions Trading Scheme (EU ETS).