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Despite efforts from Washington to sideline action on climate change, a growing number of Fortune 500 companies are taking increasingly ambitious steps to reduce their greenhouse gas (GHG) emissions, procure more renewable energy and reduce their energy bills through energy efficiency, according to a new report released today from World Wildlife Fund (WWF), Ceres, Calvert Research and Management (Calvert) and CDP.

Corporations interested in sustainability have become a major driver in the renewable energy industry, said experts at the North American Energy Markets Association meeting in Florida last month. "There is about 15 GW of latent demand for renewables that wants to be built by 2020 in order to meet the targets of Fortune 500 companies that have committed to some degree of renewable energy in their supply portfolios," said Invenergy Vice President of Sales and Marketing Craig Gordon. 3M, Alphabet, Amazon and Microsoft are among the companies seeking power purchase agreements with renewables in the US.

Philanthropy has long been a common business activity. From local restaurants sponsoring their town's little league team, to Fortune 500 companies with million dollar foundations, companies have found that it's good business sense to give back to the communities in which they operate.

As an ever-expanding group of U.S. businesses commit to using more renewable energy to power their operations, a new study has found that for many companies, cost savings is the single most important reason for doing so. This is according to results of the first major survey of large electricity users since President Donald Trump announced his decision to pull the U.S. out of the 2015 Paris climate agreement, conducted by SED Research. The Sept. 13 report, "Post-Paris: the State of Corporate Renewable Energy Sourcing," analyzes responses from executives at 94 companies and institutions, more than 40 of which are in the Fortune 500.

The Coca-Cola Company has achieved its goal to replenish 100% of the water used in its global sales volume and production by the end of 2020, five years ahead of schedule. The company also made progress against another water-related goal by increasing its water use efficiency by 2.5% from 2014 to 2015.