At yesterday’s State of Green Business 2010 Forum presented by GreenBiz, Microsoft Chief Environmental Strategist, Rob Bernard, acknowledged that the company is working with the Carbon Disclosure Project (CDP), SAP and Accenture on a new tool.  The tool, expected to go “live” in about a week, will streamline carbon reporting to the CDP and allow companies and investors to easily benchmark their performance vs. their competitors.

We hope that streamlining the process will allow the nonprofit CDP to broaden its reach and send out requests for climate information to more companies.  Further fueling the drive to more disclosure is last week’s “interpretive guidance” from the Securities and Exchange Commission, reminding companies they must disclose business risks associated with:

• climate regulation
• indirect consequences of regulation
• potential competitive disadvantages that might result from changes in demand for carbon-intensive products
• the risk of physical impacts of climate change

Companies that choose not to track and report the impact of climate change on their business — and the impact of their business on the environment — risk getting caught flat-footed and on the defensive.

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Tags: business benefits of going green, businesses going green, carbon reporting, corporate sustainability, environmental reporting, LinkedIn, Sustainable Business

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