Ceres 2022 Progress Report

In its second report assessing how, and to what extent, S&P 100 companies have implemented climate-related policies into their own business initiatives, Ceres, through its Accelerator for Sustainable Capital Markets, found that the business community has largely "significantly improved . . . performance in establishing internal processes and systems for addressing climate change as a systemic risk." There are also indications that companies are "increasingly prioritizing smart climate lobbying" to "advocate for the economy-wide policies necessary to address the climate crisis." Ceres concluded that:

• An overwhelming majority (93%) of companies disclosed in their Form 10-K filings disclosure that there is a material risk posed by climate change to ongoing business operations. This reflected an increase of nearly 20% from Ceres's report last year.