International Business Machines Corp., Tesco PLC and Dell Inc. scored the highest among consumer and information technology companies worldwide in tackling climate change risk and opportunities, according to a report produced by RiskMetrics Group and commissioned by Ceres and the Investor Network on Climate Risk.
The report, released today, assessed how 63 of the worlds largest companies in the two areas are dealing with challenges and opportunities of climate change. IBM scored 79; Tesco, 78; and Dell, 77; with 100 being the top score.
IBM was praised for tackling climate change by aggressively cutting the companys own greenhouse-gas emissions and designing innovative climate-related products from energy efficient data centers to solar cell technology, according to the report.
Among the 11 industry sectors the report measured, the technology, pharmaceutical and semiconductor sectors had the highest average climate governance scores 59, 57 and 56, respectively. The lowest scores were in the restaurant sector, 17; and real estate, and travel and leisure sector, both 27.
Other scores were beverages, 43; personal and household goods, 40; apparel, 35; grocery and drug retailers, 35; and big-box retailers, 33.
The report used 14 indicators to evaluate board oversight, management execution, public disclosure, emissions accounting and strategic planning.
Ceres is a network of institutional investors, environmental organizations and other public interest groups. The Investor Network on Climate Risk, which is coordinated by Ceres, is a group of institutional investors. Both address environmental issues related to corporations. RiskMetrics is a corporate governance and risk management advisory company.