113 Companies Make CDP’s Climate A-List
(3BL Media/Justmeans) â Nine out of ten companies now have activities in place that are intended to, and are succeeding at, lowering the companyâs carbon output. This compares with less than half of companies in 2010, demonstrating the trend towards sustainability awareness that has surgedin recent years.
This finding is a part of CDPâs Global Climate Change Report 2015, which offers analysis of the current state of the corporate response to the causes of global warming. CDP found that investments in sustainability projects and initiatives are also on the rise. More than $20 trillion was invested in 2014 in funds with environmental, social and governance mandates, up 61 percent in two years.
This year CDP independently assessed nearly 2,000 companies from around the world, with 113 making its A-grade list. The A-list includes companies identified as taking strong actions to fight climate change. The list features the three largest companies by market capitalization, Apple, Microsoft, and Google, among others. Other leading global brands that are a part of the A-list include BMW, Nissan, LâOreal, Nestle, Citigroup, Samsung and Unilever.
To make the A-list, a company must attain a performance score greater than 85, score maximum performance points for GHG reductions due to emission reduction actions over the past year, disclose gross global Scope 1 and Scope 2 figures and score maximum performance points for verification of Scope 1 and Scope 2 emissions.
Paul Dickinson, CDPâs executive chairman and co-founder, said that the influence of the corporation is mighty. The momentum of business action on climate change suggests the world has reached a tipping point, where companies are poised to achieve their full potential. The authors of the report said that investors increasingly recognize the strategic opportunity presented by the transition to a low-carbon global economy.
Meg Whitman, President and CEO at Hewlett Packard Enterprise, which also earned A-list status this year, said that swift and bold action is needed to address the root causes of climate change. The status quo must be disrupted to create innovative solutions that drive a low-carbon economy.
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