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Climate-related risks move up the boardroom agenda.

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In a year that has seen a heat wave in the US, fires across Russia and flooding across the UK and the Far East, extreme weather linked to climate change is moving up the boardroom agenda--with a new report revealing that as many as 80 per cent of large organisations believe their operations or supply chains could be put at risk by climate change.

The annual report, from the Carbon Disclosure Project (CDP), shows that more than a third (37 per cent) of companies now perceive these risks to be "a real and present danger"--up from just one in ten companies when the survey was carried out two years ago.

Of the 5OO respondents to the "CDP Global 500" survey, eight out of ten say they are now integrating climate change into their business strategy--up from 68 per cent last year.

"Extreme weather events are causing significant financial damage to markets," said Paul Simpson, CEO of the Carbon Disclosure Project. "Investors therefore expect corporations to think more about climate resilience. There are still leaders and laggards, but the economic driver for action is growing, as is the number of investors requesting emissions data. Governments seeking to build...

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