The Carbon Disclosure Project (CDP) a collaboration of 385 institutional investors, with assets under management of $57 trillion, has issued its 2008 information request to the worlds largest corporations. This asks companies to measure and disclose their greenhouse gas emissions and report on their strategy for dealing with risks and opportunities associated with climate change.
The resulting information will be held on the CDP website, the largest database in the world on corporate climate change information.
Investors that have signed up to CDP include Merrill Lynch, AXA, ANZ, Banco do Brazil, Mitsubishi UFJ, AIG Investments, Barclays, RBS Group and HSBC. Legg Mason, Insurance Australia Group and the Florida State Board of Administration are among over 70 new investors to join this year.
The collective assets under management held by CDP signatories have increased by more than 30% from $41 trillion to $57 trillion, showing that an increasing number of investors are considering climate change in their investment decisions.
Paul Dickinson, Chief Executive Officer of the Carbon Disclosure Project, said: The momentum behind CDP represents the start of a unified global business response to climate change. The continued growth in investors supporting CDP and requesting the companies they invest in to respond through the CDP system demonstrates that we have entered an era when climate change has become a mainstream issue for both investors and corporations. Investors recognise that corporate engagement with climate change issues is an important indicator of good quality corporate management.
Recent CDP research with US signatory investors discovered that CDP information is very important to investors decision making. It found that:
| Contact: Joanna Lee Joanna@cdproject.net 44-791-907-4926 Carbon Disclosure Project Source:Eurekalert |