Carbon Disclosure Project: Bigger response, more disclosure
Carbon Disclosure Project 2010
With widespread corporate agreement on the scale of the carbon challenge we are facing, the Carbon Disclosure Project’s annual reports (global, US and UK) provide strong signals that the shift to a low-carbon economy in some countries is now under way.
Carbon disclosure and climate change reporting is becoming increasingly critical for investors to fully assess the risks, liabilities and opportunities within their portfolios.
The Carbon Disclosure Project (CDP) 2010, to which PwC has been appointed global advisor and report writer, provides institutional investors with a unique analysis of how the world's largest companies are responding to climate change.
What is loud and clear this year is that, despite the lack of a global climate change agreement, many of the world's largest companies believe carbon management is becoming a real strategic business priority and competitive driver. So it is no surprise that more Global 500, S&P 500 and FTSE 350 companies have responded to CDP this year, with a particular increase this year from the BRIC countries (Brazil, Russia, India and China).
As well as increased participation, the quality of reporting on climate change has increased dramatically. For the first time, alongside insights into risks and opportunities related to climate change, companies were asked about their carbon strategy, governance, stakeholder communication and results of their approach. The results highlight ways in which an organisation is capitalising on commercial opportunities, especially around emissions reductions.
Carbon management is definitely climbing up the boardroom agenda.
For Industry-specific analysis and further insight, contact Allan McGill.
