Eighty-three members of the Fortune 100 are working toward change
While Washington remains in gridlock on climate change, America’s leading corporations push forward with action. Of the nation’s 100 largest public companies, 83 are working to address climate change and reduce greenhouse gas emissions.
Many of these companies, such as Apple, Google and Exxon, publicly state that greenhouse gases cause climate change, and many more are working to adopt renewables and energy-efficient upgrades. Only two of the Fortune 100 remain publicly skeptical on climate change, while many more iconic American brands work to prevent it.
Public positions of the Fortune 100 on climate change action
Source: Analysis conducted by ClearPath Foundation based on visits to Fortune 100 websites during July 2014. Updated January 2015.
An enormous risk or a tremendous economic opportunity?
Some of the Fortune 100, such as Apple, GM and Intel, have joined Nike, Starbucks, and more than 1,000 other American companies in signing the Climate Declaration.1 In doing so, they publicly proclaim climate change as the defining issue of the 21st century, and urge other business leaders, policymakers and the public to embrace an enormous economic opportunity by tackling it. In response to the groundswell of support, the Harvard Business Review announced that “the era of corporate silence on climate policy is ending.”(2)
“What made America great was taking a stand. Doing the things that are hard. And seizing opportunities. The very foundation of our country is based on fighting for our freedoms and ensuring the health and prosperity of our state, our community and our families. Today those things are threatened by a changing climate that most scientists agree is being caused by air pollution.
“We cannot risk our children’s futures on the false hope that the vast majority of scientists are wrong. But just as America rose to the great challenges of the past and came out stronger than ever, we have to confront this challenge — and we have to win. And in doing this right, by saving money when we use less electricity, by driving a more efficient car, by choosing clean energy, by inventing new technologies that other countries buy, and creating jobs here at home, we will maintain our way of life and remain a true superpower in a competitive world. In order to make this happen, however, there must be a coordinated effort to combat climate change — with America taking the lead here at home. Leading is what we’ve always done. And by working together, regardless of politics, we’ll do it again.”
– The Climate Declaration(1)
More than 1,000 companies have signed the climate declaration.
Major corporate actions to tackle climate change
- Over a 33 percent reduction in energy use per vehicle by developing more efficient manufacturing processes from 2005 to 2013(8)
- Chevrolet, a division of GM, is investing up to $40 million in carbon-reduction projects across America(9)
- 13 percent reduction in carbon dioxide (CO2) emissions per pair of shoes made from June 2011 to June 2013(3)
- 2.8 percent reduction in total CO2 emissions over the same time period, mainly by making manufacturing processes more efficient(4)
- 43 percent decrease in total CO2 emissions between 2005 and 2013, and a targeted 60 percent decrease by 2020(6)
- 26 percent of the energy consumed came from renewable sources in 2013
- 35 percent reduction in CO2 emissions per ton of product from 2005 to 2013(7)
- 7.4 percent reduction in total CO2 emissions over the same time period by adopting modern refrigeration technologies, improving energy efficiency, streamlining distribution networks and using low-carbon dioxide energy sources.
- 13 percent reduction in CO2 emissions from 2007 to 2011, by maximizing energy efficiency throughout the supply chain, enacting conservation programs and using renewable energy(10)
- 20 percent of energy use will be from renewable sources by 2020
- 32 percent decrease in CO2 emissions per ton of production at manufacturing sites from 2005 to 2013 by implementing eco-efficient design in the production process, buying electricity from certified renewable sources and using more biomass fuels(11)
- Committed to only using palm oil from sustainable sources (unsustainable farming methods frequently result in widespread deforestation, releasing large amounts of CO2 and methane in the process(12)
- Ceres: Climate Declaration
- Harvard Business Review
- Nike: Energy
- Nike: Climate & Energy
- GM: Energy Efficiency
- GM: Chevrolet Invests in Clean Energy Projects Across America
- Unilever: Greenhouse Gas Strategy
- Unilever: Palm Oil
- Climate Declaration – Ceres: Climate Declaration