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Bayer, Nestle among companies leading carbon-cutting efforts

Bayer and Nestle are leading efforts to measure and cut emissions as companies increasingly view extreme weather events caused by climate change as a threat to their business, the Carbon Disclosure Project said.

About 37 percent of respondents in a survey of the 500 biggest companies reported an immediate danger to their operations from disruptions ranging from floods that shut factories in Thailand to drought that’s decimated crops in the US, the London-based non-profit said today in a report. That’s up from 30 percent last year and 10 percent in 2010.

The number of companies incorporating climate change into business plans rose 10 percentage points this year, and those that monitor their emissions have proved a better investment than those that don’t, according to the report. Even so, the pace of emissions cuts is nowhere near what’s needed, said co-author PwC.