Best Buy made the CDP Climate A List

Almost 2,000 companies submitted information to be independently assessed against CDP's scoring methodology; 113 have made the list, which features brands from around the world such as, Apple, Microsoft and Google, the three largest by market capitalization. CDP is an worldwide not-for-profit organization providing global systems for companies and cities to measure, disclose, manage and share vital environmental information.

Simon has been identified as a global leader for its actions and strategies in response to climate change and has been awarded "100 A", the highest score. It said, "Nine of every ten companies now have activities in place that are lowering their carbon output, compared with less than half in 2010".

Commenting on the report, CDP's executive chairman and co-founder Paul Dickinson says: "The influence of the corporation is mighty".

"Sustainability is an essential part of our business, and we are extremely proud to be included in the CDP's Climate Change Leadership Index".

"I'm encouraged by the results of this year's CDP report, indicating that Indian companies have indeed understood the mantra of sustainable growth, that going green makes sound business sense", said Union minister of environment, forest and climate change Prakash Javadekar in the foreword to the report.

Companies in Australia and New Zealand were "demonstrating an increasing appetite to act on climate change, and have been steadily developing their approach to climate change management".

Four Indian corporates - ITC, Tata Steel, Tech Mahindra and Wipro - have attained a flawless 100 CDP disclosure score and topped the Climate Disclosure Leadership Index (CDLI). The move comes as investors are demanding more disclosure on companies' climate change data and sustainability efforts, according to the report. Also, the percentage of businesses with targets to reduce the intensity of their greenhouse gas emissions has more than doubled, the report added. "Being named to the CDP Climate Change A List is a tremendous honor and further confirms the value of our commitment to a low-carbon economy". The firm claims that in 2014 $21.4 trillion (£13.8 trillion) was invested in funds with environmental, social and governance mandates, an increase of 61 per cent in two years.

"Those investors who understand the need to decarbonise the global economy are watching particularly closely for evidence that the companies in which they invest are positioned to transition away from fossil fuel dependency", it found.

The global non-profit CDP holds the world's most comprehensive database of corporate environmental information. On the other hand, the Agricultural Bank of China Ltd, Berkshire Hathaway, and Facebook did not take part in such disclosures to investors via CDP. On the 2015 CDP Climate Performance Leadership Index, Atos is ranked on the A List and, as such, is recognized as the global leader within the IT sector for its actions to reduce carbon emissions and mitigate the business risks of climate change.


Popular
  • Storms, Floods, Tornadoes Hit Texas: At Least 6 Dead

    Storms, Floods, Tornadoes Hit Texas: At Least 6 Dead

    Sunny Tuesday: DayStarter weather

    Reward up to $35000 in fatal shooting of 9-year-old Tyshawn Lee

    Reward up to $35000 in fatal shooting of 9-year-old Tyshawn Lee

  • Early Season Snow Covers California Resorts

    Flickr App Gets 'Extended' Support for 3D Touch, Spotlight Search Integration

    Flickr App Gets 'Extended' Support for 3D Touch, Spotlight Search Integration

  • Several killed, wounded in east Lebanon blast: security source

    Several killed, wounded in east Lebanon blast: security source

    First College Football Playoff Rankings revealed

    Tens of thousands in Myanmar turn out for Suu Kyi rally

  • It's true! The Voice's Gwen Stefani and Blake Shelton are offici

    It's true! The Voice's Gwen Stefani and Blake Shelton are offici

    Stephen Curry's 53-point outing spoils Pelicans' home opener, a 134-120 loss

    Moving Focused Stocks: Avon Products, Inc


CONNECT