The companies targeted include repeat non-disclosers such as Exxon Mobil, Glencore and Caterpillar. Read more at straitstimes.com.
LONDON - More than 1,600 companies identified by non-profit platform CDP as having the biggest impact on the environment are not disclosing environmental data, it said as it launched its latest campaign to get firms to provide the information.
The companies targeted in the 2023 campaign include repeat non-disclosers such as Exxon Mobil, Glencore and Caterpillar, CDP said in a statement.Collectively, the non-disclosers emit an estimated +4,200 megatonnes of carbon dioxide equivalent annually – which CDP said was almost equivalent to the greenhouse gas emissions of the United Kingdom, the European Union and Canada combined.
Financial institutions need the data “to support risk management practices, tracking portfolio alignment to net zero goals and unlocking sustainability-linked opportunities,” she said. “These uses can serve to not only safeguard but also boost long-term profitability,” Ms Elsdon said. Despite the progress, disclosure remains a problem in high-emitting sectors and getting laggards to submit data will prove tricky, she acknowledged.
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