Tag: CDP

New data shows companies recognising biodiversity risks but majority not turning commitments into action

Stuart Mitchell

A majority of companies worldwide are not translating commitments on biodiversity to action, according to new data released today by CDP, the not for profit which runs the world’s environmental disclosure system for companies. This is in spite of promising findings, which show corporate readiness to disclose on biodiversity, as governments prepare to negotiate mandatory environmental disclosure next week at the momentous COP15 summit in Montreal. Data reported through CDP in 2022 shows that: 31% of companies have made a public commitment and/or endorsed biodiversity-related initiatives, with another 25% planning…

Read More

G7 firms failing Paris agreement on 2.7°C warming path

Stuart Mitchell

Global leaders will meet in Sharm el-Sheikh in November to keep the Paris agreement’s 1.5°C target alive, but climate ambition in G7 economies and beyond is putting the COP27 vision out of reach, according to new analysis by non-profit CDP and global management consultancy Oliver Wyman. Based on current emissions reduction targets set by companies, no G7 country has a corporate sector likely to decarbonize fast enough to meet the 1.5°C goal. On aggregate across the G7, corporate emissions targets are calculated as aligned with 2.7°C of global warming.[1] The…

Read More

Electric Utilities and Automotive industries increasingly off track against climate targets, according to first sector studies released since COP26

Stuart Mitchell

Almost all companies across the electric utilities and automotive sectors are set to exceed their 1.5°C warming scenario budgets, new findings from the World Benchmarking Alliance, CDP and ADEME show today. With COP26 now concluded and pressure mounting on businesses, these critical industries are shown to be lagging far behind where they should be on reducing emissions and their reliance on fossil fuels. The largest study of its kind, the research ranks the most influential 50 electric utilities and 30 automotive companies on their commitments and progress on achieving a…

Read More

Tetra Pak recognised with prestigious double ‘A’ score for global climate and forests stewardship

Stuart Mitchell

Tetra Pak has been recognised for leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious A List for tackling climate change, as well as acting to protect forests – two of the three environmental themes covered by CDP. Tetra Pak is the only company in the carton packaging sector to be included in the CDP leadership band for five years in a row and to score an outstanding double ‘A’ for climate and forests in 2020.   Tetra Pak is part of a very small number…

Read More

Unilever recognised by CDP for action on climate crisis

Stuart Mitchell

Unilever has been identified as a global leader in corporate sustainability and awarded a place on this year’s Climate A List compiled by CDP, the non-profit environmental disclosure platform. “We are delighted to be named by CDP as a leader in climate disclosure,” says Marc Engel, Unilever’s Chief Supply Chain Officer. “Every company should aspire to join the CDP A list, setting science-based targets for reducing emissions and disclosing their progress. Greater transparency is key to driving ambitious climate action and keeping global temperature rise to 1.5 degrees Celsius.” CDP…

Read More