Saturday, March 25, 2006

Study Says U.S. Companies Lag on Global Warming




By CLAUDIA H. DEUTSCH



European and Asian companies are paying more attention to global warming than their American counterparts. And chemical companies are more focused on the issue than oil companies.

Those are two conclusions from "Corporate Governance and Climate Change: Making the Connection," a report that Ceres, a coalition of investors and environmentalists, expects will influence investment decisions.

The report, released yesterday, scored 100 global corporations — 74 of them based in the United States — on their strategies for curbing greenhouse gases. It covered 10 industries — oil and gas, chemicals, metals, electric power, automotive, forest products, coal, food, industrial equipment and airlines — whose activities were most likely to emit greenhouse gases. It evaluated companies on their board oversight, management performance, public disclosure, greenhouse gas emissions, accounting and strategic planning.



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