CBRE Energy & Sustainability
CDP provides a global system for companies to measure, disclose and share information about their climate change risks, strategies, emissions and reduction initiatives. Data is collected on behalf of 722 institutional investors representing $87 trillion in invested assets.
The 2013 results report was released in September with seven companies sharing the top spot with a perfect score of 100A: BMW, Daimler, Philips Electronics, Nestlé, BNY Mellon, Cisco Systems and Gas Natural SDG. These companies demonstrated mature reporting systems and reduction programmes, showing that climate change concerns were integrated into core business strategy.
Companies achieving a disclosure score in the top 10% secure a place in the Climate Disclosure Leadership Index (CDLI). This year CBRE entered the CDLI for the first time with a disclosure score of 98 - a considerable improvement from the previous year.
The CDP Global 500 report summarises the key trends in how companies are responding to climate change. One key finding is that most companies are better at quantifying climate change risks than opportunities, in particular focusing on dealing with the risks of non-compliance and bad reputation. However the leading companies are recognising that addressing climate change can help create competitive advantage and identify the growing market for new products and services.
While there was an overall reduction in carbon emissions from the Global 500 as a whole, 50 of the group (predominantly from the utility and energy sectors) are responsible for nearly three quarters of the group’s 3.6 billion metric tons of carbon emissions. These large emitters need to do more to reduce their emissions as they ultimately present the greatest opportunity to limit climate change.