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Of the United States’ top 100 companies, only 40% lobby lawmakers at the state and federal level for climate-friendly legislation despite setting lofty sustainability goals, according to a new report.
Seventy-six percent of companies have said publicly they believe in climate science and 92% have said they plan to make their operations greener with sustainability and emissions reduction goals, according to a report released Tuesday by sustainability nonprofit Ceres. Meanwhile, 20 of the companies have lobbied against climate-friendly policies in the last five years, according to Ceres, 17 of which had set emissions reduction targets of their own.
And of those surveyed, 51% see policies and legislation that look to address climate change as a short-term financial risk, even as 74% say they believe climate change will threaten their assets long-term. Ceres said the short-term concerns show that companies are still too focused on the near-term impacts and not on the “systemic impact of climate change.”