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Unilever and L'Oreal Deemed Most Ready for Climate Change

  • Consumer companies risk falling behind green goals, warns CDP
  • Kraft Heinz, Estee Lauder scored poorly for transition risks
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Among the world’s biggest consumer companies, Europe’s Unilever NV, L’Oreal SA and Danone are best prepared for the effects of climate change relative to their peers, according to a report from the nonprofit CDP.

Formerly known as the Carbon Disclosure Project, CDP took a double-barreled approach in ranking the 16 largest consumer companies on measures including exposure to emissions, use of water and climate governance. It assumed that businesses will need to adjust to the effects of a warming world for the sake of the bottom line and to make a compelling case to increasingly concerned consumers.