Wednesday, September 23, 2015
Global Companies Like Johnson & Johnson and Goldman Sachs Join Climate Change Efforts
Some of the world’s most prominent companies are expected to set a long-term target on Wednesday of powering their operations entirely with renewable energy, the latest in a wave of commitments suggesting that corporations are becoming more serious about battling global warming.
In addition, backers of a campaign to divest from fossil fuels announced Tuesday that investment managers controlling assets of $2.6 trillion had joined their effort, a 50-fold increase from a year ago and a sign that the divestment movement had spread far beyond its modest origins on American college campuses.
The new members include Johnson & Johnson, Procter & Gamble, Starbucks, Walmart and Goldman Sachs. A handful of the companies have already reached the 100 percent target; others do not expect to do so for several decades, but they are typically setting aggressive interim targets....