CDP issues 2015 Climate Change Report

CDP has issued its annual Climate Change Report, revealing the extent to which corporations have shifted their strategies over the past five years to become part of the solution to the climate challenge. The report includes the much-anticipated 2015 Climate A List, which comprises those companies identified as A-grade climate change mitigators, as well as the Climate Disclosure Leadership Index (CDLI).

Nearly 2000 companies submitted information to be independently assessed against CDP’s scoring methodology; of these, 113 made it onto the A List. The list features brands from around the world, such as Apple, Microsoft, Google, Hewlett Packard Enterprise and Schneider Electric. Schneider Electric was also notable for receiving a CDLI score of 100/100.

Meanwhile, notable by their absence in CDP’s analysis are the Agricultural Bank of China, Berkshire Hathaway and Facebook — the three largest companies by market capitalisation that have failed to disclose to investors via CDP.

The Climate Change Report charts the changed corporate landscape over five years, comparing data from 1997 companies this year with 1799 in 2010. The report reveals that companies globally are making investments to prepare for the transition to a low-carbon economy, with 94% of companies assigning board or senior management responsibility to climate change and three-quarters offering incentives for improving climate performance.

In addition, nine of every 10 companies now have activities in place that are lowering their carbon output, compared with less than half in 2010. The percentage of businesses with targets to reduce the intensity of their greenhouse gas emissions has also more than doubled.

“The influence of the corporation is mighty,” said CDP Executive Chairman and co-founder Paul Dickinson. “The momentum of business action on climate change suggests we have reached a tipping point, where companies are poised to achieve their full potential. They need ambitious policy at both a national and international level that will support them in this regard and will catalyse participation from industry at scale.”

To view the CDP Global Climate Change Report 2015, click here.

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