In response to environmental threats, companies are investing in preventative measures, reducing carbon footprint Climate change isn’t just causing the ice caps to melt, it’s costing corporations big bucks and forcing some to factor its likely impact into their long-term plans. A new report from the Carbon Disclosure Project (CDP) released Friday says 63 of America’s S&P 500 companies are already paying to counter the effects of climate change. The past few years of extreme drought, stronger hurricanes and severe flooding have caused immense damage to some businesses’ core assets, requiring millions of dollars in repairs and threatening billions more in future profits. “Dealing with climate change is now a cost of doing business” Tom Carnac, president of CDP in North America, said in a news release. “Making investments in climate-change-related resilience planning both in their own operations and in the supply chain has become crucial for all corporations […]