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Carbon Disclosure Project: 'World's largest corporations seek clarity on climate change regulation'
Date:9/21/2008

ewables or low carbon fuel sources and improved efficiency of existing fossil fuelled plants. The Technology, Media and Telecoms sector aims to reduce business travel, energy use and the type of energy purchased and the Hospitality, Leisure and Business Services Sector will primarily aim to reduce emissions at ship or hotel level.

Carbon Disclosure Leadership Index

PwC scored all responses based on climate change disclosure and governance practices. Global 500 companies with 'leading' disclosure practice are highlighted in the Carbon Disclosure Leadership Index (CDLI). The highest scoring companies in the CDLI include:

  • BASF; Bayer (Chemicals and Pharmaceuticals);
  • Exelon; Iberdrola; Scottish & Southern (Utilities);
  • Nissan Motor (Manufacturing);
  • Barclays; Merrill Lynch & Co., Inc; Munich Re; National Australia Bank (Financial Services) and
  • EMC (Technology).

S&P 500 Findings

Out of the 500 US listed S&P constituent companies invited to complete CDP's Sixth Questionnaire, responses were received from 321 (64%) companies. This represents a year on year increase from 47% in 2006, through 56% in 2007. Increases in the number of responses and in the amount of detail contained in the responses from constituents of the S&P 500 is a signal that many US corporations are preparing for the possible introduction of new regulation under the next administration.

Climate change governance

A total of 248 companies (79%) reported that climate change risks require appropriate leadership. The number of companies that confirmed that a Director or executive-level officer has overall responsibility for climate change management rose to 204 (65%) compared with 141 (50%) responding companies last year. A total of 94 responding companies (30%) report some degree of linkage between employee incentives and goals related to climate change.

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Contact: Joanna Lee
Joanna.lee@cdproject.net
44-079-190-74926
Carbon Disclosure Project
Source:Eurekalert

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