Final hours! Save up to 55% OFF InvestingProCLAIM SALE

Japan, U.S. lead survey's corporate climate change action 'A List'

Published 01/20/2020, 04:16 AM
Updated 01/20/2020, 04:52 AM
Japan, U.S. lead survey's corporate climate change action 'A List'
MSFT
-
NESN
-
BAYGN
-
DANO
-
OREP
-
AZN
-
SBRY
-
WMT
-
BLK
-
6758
-

FRANKFURT (Reuters) - BT , Danone (PA:DANO), Microsoft (O:MSFT) and Sony (T:6758) are among 178 companies with top marks in the latest global ranking of transparency and action on climate change.

Japan and the U.S. were the countries with the headquarters of the most 'A List' companies individually, while regionally, Europe as a bloc was home to the highest number.

Companies are coming under pressure from customers and investors to step up efforts to help slow climate change in accordance with the 2015 Paris climate agreement to phase out greenhouse gas emissions by shifting away from fossil fuels.

Non-profit CDP, formerly known as the Carbon Disclosure Project, ranked 2% of more than 8,000 companies that submitted environmental data in the A List of its index.

The A List is released to coincide with this week's World Economic Forum annual meeting in Davos, which brings together leading figures from business, government and civil society.

Among examples of positive steps, CDP said Japanese electronics giant Sony was making gaming consoles more energy-efficient and Danish toy-maker LEGO aims to use sustainable materials for packaging by 2025 and all products by 2030.

CDP said the STOXX Global Climate Change Leaders index, based on the CDP A List, outperformed the STOXX global 1800 of major firms by 5.5% a year over a 7-year period.

"Leading on climate action is good business in today's economy," Steven Tebbe, managing director of CDP Europe, said in a statement accompanying the report.

Leading global names on the list included AstraZeneca (L:AZN), L'Oreal (PA:OREP), Sainsburys (L:SBRY), Nestle (S:NESN), LEGO, Walmart (N:WMT) and Bayer (DE:BAYGn).

Microsoft this week set a new ambition by pledging to remove as much carbon as it has emitted in 45 years and investment manager BlackRock (N:BLK) said it would tie its engagements to sustainability.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.