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:1/20/2016)... 20, 2016  Synaptics Incorporated (NASDAQ: SYNA ... today announced sampling of S1423, its newest ClearPad ... small screen applications including smartwatches, fitness trackers, and ... and rectangular shapes, as well as thick and ... moisture on screen, while wearing gloves, and supports ...
(Date:1/13/2016)... 13, 2016 --> ... new market report titled - Biometric Sensors Market - Global ... - 2023. According to the report, the global biometric sensors market was ... to reach US$1,625.8 mn by 2023, expanding at a ... of volume, the biometric sensors market is expected to ...
(Date:1/11/2016)...  higi, the leading retail and omni-channel community engagement ... and mobile, today announced it has closed funding ... --> --> ... higi,s health platform – its network of health ... expanding services and programs to retail partners and ...
Breaking Biology News(10 mins):
(Date:2/10/2016)... 10, 2016  Allergan plc (NYSE: AGN ) ... Brent Saunders , Allergan,s CEO and President, will be ... session at the RBC Capital Markets Healthcare Conference on ... The New York Palace Hotel in New ... live and can be accessed on Allergan,s Investor Relations ...
(Date:2/10/2016)... ... 2016 , ... Benchmark Research, a fully-integrated network of ... principal investigators (PI) to the roles of Chief Medical Officer, Clinical Research and ... Chu, a Benchmark Research PI in the Austin office, will assume the role ...
(Date:2/10/2016)... ... 2016 , ... LATHAM, NEW YORK... Marktech Optoelectronics will feature their ... in San Francisco’s Moscone Center from February 16-18, 2016, and at the healthcare-focused BiOS ... InGaAs PIN diode standard packages feature a TO-46 metal can with active areas of ...
(Date:2/10/2016)... ... February 10, 2016 , ... ... research registry built on the secure online PatientCrossroads platform, has exceeded both its ... participants have joined the PROMPT study, which seeks to advance understanding of the ...
Breaking Biology Technology: