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Investors representing third of world’s invested capital demand companies disclose their emissions

Date
11 February 2013
Investors representing third of world’s invested capital demand companies disclose their emissions

LONDON: Today the Carbon Disclosure Project (CDP) announced that a record number of investors making up a combined US$87 trillion in assets, have called for over 5,000 public companies to report on their carbon emissions.

The 722 investors, which make up around a third of the world’s invested capital*, demand that the listed companies disclose their emissions and climate change strategies through CDP’s system. The number of investor signatories is up 10% from last year.

Companies have until May 30, 2013 to disclose their emissions and related reduction activities. Once submitted, the data will then be used in public and investor-facing reports that will be published later on in the year.

Paul Simpson, chief executive officer, CDP said: “Since pioneering a system for natural capital disclosure a little over ten years ago, the number of investor signatories to CDP programs has grown more than twentyfold and growth in the number of companies using the CDP system has nearly matched this rate. This is testament to the economic relevance of environmental data to investment decisions. Our expansion into different areas of natural capital, and our efforts to provide integrated information to the global market, represents vital progress toward a sustainable economy in which natural resources are valued efficiently.”

Jim Walker, Co-founder and International Programmes & Strategy Director, The Climate Group said: "With a record number of CDP signatories this year, there is obvious investor demand for consistency of carbon disclosure among businesses.

"Good carbon management is both a proxy for good management, and a prerequisite for leadership on climate change. Measuring and disclosing emissions should therefore be a mainstream activity for publicly listed firms. Laggards risk missing efficiency and alternative energy opportunities, and are unprepared for the transition to a low carbon future."

*CDP reference research from McKinsey & Company, Mapping global capital markets 2011, which placed a total value of US$212 trillion on the world’s financial stock, comprising equity market capitalization and outstanding bonds and loans.

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By Clare Saxon

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