Top Ten Companies that Skip the Carbon Disclosure Project
Correction: The original headline of this story incorrectly stated that the companies listed below don't disclose their emissions data. Some of them do; they just don't fill out the survey for the Carbon Disclosure Project.
The first step to reducing greenhouse gas emissions is to know where you're starting from. That's why the Carbon Disclosure Project works on behalf of investors to push companies to disclose their footprints. This week the CDP released its annual report, including a list of best performers and no- shows.
Companies aren't legally required to report emissions data, and there are no widely accepted standards for which emissions metrics should be reported, and when. That's why groups like the CDP, which represents investors with assets of $78 trillion, use surveys to standardize and aggregate the data. More than 4,000 companies participated this year.
First, the CDP's list of shame. Here are the world's largest companies that don't provide the requested emissions data:
Royal Bank of Canada
Bank of China
National Oilwell Varco Inc.
And now for the world's top 10 companies, by both emissions disclosure and performance. It's interesting to note where the top companies are located: Germany 4, USA 0.
Gas Natural SDG
You can watch the Carbon Disclosure Project's annual online Global Climate Change Forum live on www.bloomberg.com/sustainability today at 9 a.m. New York time. The event will be moderated by Bloomberg Businessweek’s Diane Brady. Follow the conversation before, during and after the event on Twitter, using the hashtag #CDPforum.