Big business 'facing up to climate change'

Big business is increasingly facing up to climate change, with more than half of the world's 500 largest companies introducing schemes to reduce greenhouse gas emissions, a report said today.

The Carbon Disclosure Project's fifth annual global report on the FT500 found that 76% of the 383 top companies who responded to its survey had put emissions reduction initiatives into place, compared with 48% of respondents last year.