Bayer, Nestle Lead Carbon-Cutting Effort as Climate Risk Grows

Bayer AG and Nestle SA 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 U.S., the London-based non-profit said today in a report. That’s up from 30 percent last year and 10 percent in 2010.