Investors push 10,000 companies to disclose environmental data to CDP
Investors managing over $130 trillion in assets have written to more than 10,000 companies calling on them to supply environmental data to non-profit disclosure platform CDP.
The call comes as money managers demand better information on climate change, biodiversity and water security to help them analyse the performance of company boards as the world looks to come good on a plan to limit human-driven global warming.
While more companies are committing to net-zero carbon emissions by mid-century and are being pushed to help protect the world’s vulnerable ecosystems, many have so far refused to fill out the annual data request by CDP.
This year, more than 680 financial institutions added their voice to the request for data, including Europe’s biggest asset manager Amundi. Current disclosures cover over 13,000 companies covering around 64% of global market capitalisation. [Continue reading…]