Carbon Disclosure Project Reveals Global Top 10; Apple and Amazon Don’t Respond
Bayer and Nestle — both with perfect 100 disclosure scores and A performance ratings — top the Carbon Disclosure Project’s list of the world’s best companies in terms of climate change disclosure and performance.
The 2012 CDP Global 500 Climate Change report, co-written by PricewaterhouseCoopers, found 81 percent of reporting companies have identified physical risks from climate change, compared to 71 percent in 2011, with 37 percent perceiving these risks as a “real and present danger,” up from 30 percent in 2011 and 10 percent in 2010.
The 2012 report follows increasing incidents of extreme weather events, including the hottest US summer on record, fires in Russia and flooding in the UK, Japan and Thailand, which disrupted business operations and supply chains around the world.
This year, 81 percent of corporations (405 companies) from the Global 500 responded to the CDP questionnaire. However, because some companies submitted too late, the report only analyzes 379 responses.
The world’s largest non-responders to CDP’s request for emissions this year were Apple, Berkshire Hathaway, Royal Bank of Canada, Caterpillar, Amazon.com, Comcast Corporation, America Movil, Lukoil, Bank of China and National Oilwell Varco.
The CDP report features emissions data from companies that responded and rates them according to their climate change transparency, with the best disclosers entering CDP’s Carbon Disclosure Leadership Index (CDLI).
CDP then assesses companies according to the scale and quality of their emissions reductions and strategies, and ranks these according to performance bands. The best performers enter CDP’s Carbon Performance Leadership Index (CPLI).
Investors use the indices to assess corporate preparedness for national or international emissions regulation and to guide investment decisions, according to CDP.
For the second year in a row, Bayer ranked no. 1 in CDP’s combined disclosure and performance list, sharing the top billing with Nestle, a newcomer to the list. BASF, BMW and Spain’s Gas Natural SDG round out the top five. All three received 99 disclosure scores, and A performance grades. BASF and Gas Natural SDG are also new entrants in top 10 list.
No US companies made the top 10 list, although US corporations including the Coca-Cola Company (96), UPS (99) and Microsoft (99) dominate the CDLI.
German companies are proportionally over-represented in the index, as are companies from Finland, Spain and the Netherlands, CDP reports. France, Japan and the United Kingdom are under-represented.
Pepco Holdings, NYSE Euronext and Wells Fargo top the Carbon Disclosure Project’s annual carbon performance and disclosure ratings for the S&P 500, released yesterday.
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