Carbon Disclosure Project names global leaders for carbon performance, disclosure

2010 Global 500 report released

The Carbon Disclosure Project (CDP), the investor backed initiative that monitors and encourages company disclosure on carbon dioxide emissions has named four German companies – Siemens, Deutsche Post, BASF, Bayer – and Korea’s Samsung – as the top five companies worldwide for carbon disclosure and performance.
Each scored 95 or above out of 100 in the CDP’s new Carbon Performance Leadership Index (CPLI) unveiled alongside the CDP’s 2010 Global 500 report.
Other top performers were Lafarge, News Corp., Philips Electronics, National Australia Bank, Praxair, Reckitt Benckiser and Royal Bank of Scotland. A total of 48 firms are recognised in the CPLI.
Notable non-responders to the CDP’s questions are Russia’s Gazprom and Rosneft, Warren Buffett’s Berkshire Hathaway and The CDP said that just 19% of the Global 500 companies are showing significant emissions reductions.
Signatories to the CDP 2010 information request included 534 financial institutions with assets of more than $64trn (€49trn). The 10-year-old CDP monitors 4,700 of the world’s largest corporations.“We need the benchmarking tools provided by the CDP and other actors to guide investment choices, increase investment flows, and align corporate incentives for low-carbon growth,” says World Bank President Robert Zoellick.
In 2010, nearly nine in every 10 respondents identified ‘significant opportunities’ arising from climate change, whether as a result of regulatory, physical, or commercial drivers, the CPD said.
“The most obvious example of new commercial opportunities lies in the development and marketing of ‘green’ products, but ‘climate resilience’ is also starting to emerge as a driver for business growth.”
CDP chief executive Paul Dickenson pointed to new initiatives such as the FTSE CDP Carbon Strategy Index series and the Markit Carbon Disclosure. The CDP is also launching a new package called Reporter Services, designed to aid responding companies.
The report was produced by consultants PricewaterhouseCoopers and sponsored by Bank of America Merrill Lynch.
There will be a webcast on on Monday, September 20. Link