CDP: ‘corporate environmental leaders in short supply’

Only 12 companies (1.3% of the sample) have been awarded Triple-A status for their transparency and action across climate change, forests and water security in CDP’s annual corporate environmental assessment.

CDP, formerly the Carbon Disclosure Project, runs the global disclosure system for investors, companies, cities, states and regions. It said that, of more than 900 companies requested to disclose against three questionnaires, only 12 could be recognised as “environmental leaders”. The number was down from 14 in the previous year.

Dexter Galvin, CDP’s global director of corporations and supply chains, said: “Most [companies] are still not managing all environmental issues holistically, and far too many are remaining complacent or failing to respond at all.

”Companies must step up to the challenge as CDP continues to lift the bar for what qualifies as environmental leadership."