Up to US$906 billion in company turnover depends on commodities that drive the majority of tropical deforestation globally, says environmental non-profit CDP.

Drought, flooding, and water-related regulations cost leading multinationals $14bn last year, according to a new report from CDP which argues many corporations are failing to do enough to address water risks.

The Indian Government has already embarked on the steps required to fulfil its pledges under the Paris Agreement which includes reduction in emissions intensity of its GDP by 33 to 35 % by 2030 from 2005 levels; ensure 40% of energy comes from non-fossil fuel sources, a mammoth 175 GW renewable energy target and afforestation goals.

Major new report shows how leading multinationals are looking to seize the opportunities presented by decarbonisation, but a rump of corporate laggards risk missing out on low carbon transition.

A new report released by AECOM and the non-profit organisation CDP has highlighted that cities internationally are increasingly seeking greater public-private collaboration to tackle the impact of climate change.

Aside from national and sub-national governments taking action against climate change, large potential for emission reductions exists in the corporate sector. More and more companies are making commitments to contribute to the long-term targets of the Paris Agreement.

The COP21 agreement marks a turning point in international efforts to mitigate climate change. Expectations on governments to deliver are high. But what about businesses? Is there a business case for climate adaptation? Are European companies ready to create a competitive edge towards the rest of the world?

Following the historic international deal agreed at the UN climate conference, COP21, and the news from Davos that climate change is the world’s most impactful risk, major companies such as Dell, Unilever and Walmart are establishing the extent to which impending climate regulation will impact their business.

Seven in ten companies have commitments to address deforestation yet few are translating these into meaningful actions, reveals new analysis from CDP, the global non-profit which gathers environmental data on behalf of investors.

The CDP Global Climate Change Report 2015 offers analysis of the current state of the corporate response to the causes of global warming. Are we at a tipping point? Discover the difference five years has made on how companies are tackling climate change and preparing for a low carbon economy.