CDP reveals its top green businesses

CDP, the non-profit environmental disclosure platform, has released its annual assessment of the world’s companies.

Designed to harness the competitive spirit of business to raise ambition and spur action on corporate sustainability, CDP’s annual rankings score the thousands of companies which disclose to the organisation on their environmental action. The announcement comes as the opening of the World Economic Forum Annual Meeting in Davos brings together international leaders for a week of high-level discussions on the future of the global economy.

The rankings are split across climate change, water security and forests, with over 120 companies gaining an A grade for their action on climate change, including China Mobile, Danone, Infosys Limited, Klabin and Microsoft. ACCIONA, Gap, Ford and KAO Corporation are among the 25 companies on the A List for their water security action. Seven companies received an A for their efforts to address deforestation, including Beiersdorf, Tetra Pak and UPM-Kymmene.

Only two companies, Firmenich and L'Oréal, managed to attained As across the board for their actions on climate change, deforestation and water security.

Dexter Galvin, Global Director of Corporates and Supply Chains at CDP, commented: “That the STOXX Global Climate Change Leaders Index – which is based on the CDP A List – outperformed the STOXX Global 1800 by 5.4 per cent per annum from December 2011 to July 2018, demonstrates that the leadership on environmental issues shown by the A List goes hand in hand with being a successful and profitable business.”

The companies that disclosed to CDP in 2018 did so at the request of over 650 investors with assets of $87tr, and/or 115 major purchasing organisations with a combined spend of $3.3tr.

    Share Story:

Recent Stories