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CPLI 2014

CDP Lists Top Corporate Climate Performers

CPLI 2014Apple, BMW, Samsung and Unilever are among the companies doing the most to combat climate change, according to CDP’s annual climate performance report.

The Climate Performance Leadership Index 2014 gives 187 companies an A grade for their corporate efforts to mitigate climate change. CDP assessed information provided by about 2,000 listed companies in its global ranking. The NGO says collectively the climate performance leaders have reduced their total emissions by 33 million metric tons in the past reporting year.

The so-called “A list” companies show that a low-carbon future does not mean low profit, CDP says. The 187 firms outperform the Bloomberg World Index by 9.6 percent. The investments of companies on the CPLI 2014 to reduce carbon output yield average annual emissions reductions of 9 percent per company and achieve an average internal rate of return (IRR) of 57 percent for each project. For example, General Motors implemented route redesigns, mode changes from road to rail, and other measures that have resulted in emissions savings of 244,000 metric tons a year and cost savings of $287 million.

Additionally, although 96 percent disclose that climate change poses a risk to their business, 99 percent identify opportunities through mitigation strategies. Construction group Samsung C&T Corporation, for example, has assessed that responding to consumer demand for green products can increase its sales profits by at least 9 percent within the next seven years.

The A List represents just 9 percent of the 1,971 companies scored this year but accounts for $23 billion of the annual investment to reduce carbon emissions, which is just under half of the $50 billion invested by the full sample.

Last year BMW, Daimler, Philips Electronics, Nestlé, financial firm BNY Mellon, Cisco Systems and utility Gas Natural SDG — all with perfect 100 disclosure scores and A performance ratings — topped the CDP’s list of the world’s best companies in terms of climate change disclosure and performance. Honda, Nissan, Volkswagen, Hewlett-Packard and Samsung round out the top 12 companies list, according to the CDP Global 500 Climate Change Report 2013.

 

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