Full Title: The Blind Spot in Corporate Sustainability Rankings: Climate Policy Leadership
Author(s): VICTORIA MILLS and AUSTIN REAGAN
Publisher(s): Environmental Defense Fund
Publication Date: March 1, 2019
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Description (excerpt):
Corporate climate commitments and initiatives have grown dramatically in recent years: over 60 percent of Fortune 100 companies have one or more clean energy goals, approximately half of Fortune 500 companies have set at least one climate or energy target and over 530 companies are setting greenhouse gas reduction goals through the Science Based Targets initiative.
Alongside this growth, numerous sustainability rankings have emerged to help stakeholders assess corporate environmental performance and identify leaders. Beyond their public relations benefits, these rankings also provide an essential service to companies by helping them define internal performance measures, attract top talent and link executive compensation to corporate sustainability. However, most of these rankings are missing a critical element of sustainability leadership: corporate engagement in climate policy.