Navigation Links
World's largest investor coalition seeks further disclosure on climate change and shareholder value
Date:2/4/2008

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:

  • 60% of investors identified which companies in their portfolio were either not responding to CDP, or were providing poor or trivial answers. The investors then used this information to further engage with these companies on the issue of climate change.
  • 26% of investors supported shareholder resolutions for better disclosure on climate change from some companies not complying with CDP disclosure.
  • All the investors interviewed agreed that the CDP data is a valuable resource and incorporated it into their decision making process at some level.

CDP has this year requested information from over 3,000 companies, up from 2,400 in 2007. It has launched operations in five new geographies and widened its scope in many existing regions.

Global Reach

For the first time ever CDP will write to Chinas 100 largest companies, by market capitalisation. This is a key step in leveraging investor influence to support Chinese companies in measuring and disclosing their carbon emissions and climate related strategy. CDP is working with local agent SynTao to encourage Chinese enterprises to engage with these issues.

CDP will also launch new operations in Korea, Latin America, Spain and the Netherlands, where CDP operations are supported by the Dutch Environment Agency, VROM and ABP.

The Information Request

The CDP information request focuses on the following factors that may affect the value of a company:

  • Total greenhouse gas emissions
  • Regulatory risk/opportunity (e.g. limits on emissions)
  • Physical risk/opportunity (e.g. changes in weather patterns impacting operations)
  • Consumer sentiment risk/opportunity (e.g. reputation)
  • Steps taken to manage and reduce emissions

Corporations have been asked to respond to the CDP information request within four months. The individual company responses, plus analysis of the responses, will be launched in September 2008 and made available free of charge on the CDP website at www.cdproject.net.

All companies are encouraged to answer the information request in full. However, in order to provide maximum flexibility, the 2008 CDP information request comprises two types of questions - minimum standards which all companies should complete; and comprehensive answer questions which leading companies in high impact sectors will be expected to complete.

The information request also includes new questions on how companies communicate their engagement with policy-makers on climate change issues and more detailed requests for data from those involved in the EU Emissions Trading Scheme.


'/>"/>

Contact: Joanna Lee
Joanna@cdproject.net
44-791-907-4926
Carbon Disclosure Project
Source:Eurekalert

Related biology news :

1. The best both of worlds -- how to have sex and survive
2. Single-largest biodiversity survey says primary rainforest is irreplaceable
3. Largest study to investigate risk factors of autism to begin enrolling families
4. Evolution education is a must says coalition of scientific and teaching organizations
5. USGS Coalition to host congressional reception
6. Cornell researcher seeks clues to how tuberculosis infects cells
7. Trial seeks genetic fingerprint for predicting drug effectiveness
8. New research seeks to enhance quality and security of wireless telemedicine
9. Further breakthroughs for breast cancer patients
10. Further development of Water Framework Directive necessary
11. Impoverished areas of Africa and Asia face severe crop losses from climate change in 20 years
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/12/2016)... DALLAS , May 12, 2016 ... has just published the overview results from the Q1 ... of the recent wave was consumers, receptivity to a ... wearables data with a health insurance company. ... choose to share," says Michael LaColla , CEO ...
(Date:4/28/2016)... and BANGALORE, India , April 28, ... Systems, a product subsidiary of Infosys (NYSE: INFY ... announced a global partnership that will provide end ... use mobile banking and payment services.      (Logo: ... key innovation area for financial services, but it also plays ...
(Date:4/26/2016)... 27, 2016 Research and ... Biometrics Market 2016-2020"  report to their offering.  , ... The analysts forecast the global multimodal biometrics ... during the period 2016-2020.  Multimodal biometrics ... such as the healthcare, BFSI, transportation, automotive, and ...
Breaking Biology News(10 mins):
(Date:6/23/2016)... 2016  Blueprint Bio, a company dedicated to identifying, ... community, has closed its Series A funding round, according ... "We have received a commitment from Forentis Fund ... to meet our current goals," stated Matthew Nunez ... to complete validation on the current projects in our ...
(Date:6/23/2016)... ... June 23, 2016 , ... ClinCapture, the ... Convention Center and will showcase its product’s latest features from June 26 to ... a scientific poster on Disrupting Clinical Trials in The Cloud during the conference. ...
(Date:6/23/2016)... 22, 2016  Amgen (NASDAQ: AMGN ) ... QB3@953 life sciences incubator to accelerate the development ... laboratory space at QB3@953 was created to help high-potential ... for many early stage organizations - access to laboratory ... Amgen launched two "Amgen Golden Ticket" awards, providing each ...
(Date:6/22/2016)... DUBLIN , June 22, 2016 Research ... and Global Markets" report to their offering. ... $39.4 billion in 2014 from $29.3 billion in 2013. The market ... (CAGR) of 13.8% from 2015 to 2020, increasing from $50.6 billion ... and projected product forecasts during the forecast period (2015 to 2020) ...
Breaking Biology Technology: