Global 500 (FTSE Global Equity Index Series) Findings
The overall response rate among Global 500 companies was maintained at 77% in 2008. European and North American companies set the pace among constituents of the 'Global 500' with response rates to CDP's annual Questionnaire of 81% and 78% respectively. This compares to a response rate of just 41% in respect of Asian constituents of the Global 500. Out of the 383 companies that completed the Questionnaire, 58 companies (15%) were responding to CDP for the first time.
Business Risks and Opportunities
The majority of the 77% of Global 500 constituent companies that reported to CDP cited regulation as a key risk factor. A background of regulatory uncertainty has, for many companies, translated into a 'wait and see' policy which, in turn, has served to delay strategic investment decisions.
Regulation is also perceived as a catalyst for opportunities to:
The construction industry cites energy efficient buildings and energy upgrades as representing opportunities. The Technology, Media and Telecoms industry sees climate change bringing opportunities for travel substitution through teleconferencing and mobile devices to reduce greenhouse gas emissions.
Financial services firms recognize the long term impact climate change will have on the capital markets and cite the need to finance and invest in initiatives that could encourage ground-breaking changes in energy transmission and create a low
|Contact: Joanna Lee|
Carbon Disclosure Project