A deal was announced yesterday between the Carbon Disclosure Project (CDP) and Bloomberg L.P. that will allow investors to more easily assess the risks posed by climate change to companies.
Key climate change data collected by CDP from more than 1,000 of the world’s largest companies is now available to investors through the Bloomberg Professional service.
The data includes information regarding a company’s greenhouse gas (GHG) emissions, statistics in relation to energy consumption and energy intensity and insights into climate change related strategies.
Paul Dickinson, CEO of CDP, said "The availability of CDP information on Bloomberg will allow investors to run emissions data against carbon prices, earnings and share price, power prices and projected carbon prices. CDP on Bloomberg will get data out to investors and corporations to improve understanding of the financial implications of climate change to companies worldwide."
Emilia Fazzalari of Bloomberg, said, "CDP data on Bloomberg allows users to access information about carbon emissions of companies, helps investors to assess the potential regulatory impact on their investments, and creates greater transparency and more tools for Bloomberg customers to participate in the emissions trading markets."
CDP Global 500 and S&P Reports
CDP also released the results of its annual report on the greenhouse gas emissions and climate change related strategies of the world’s largest companies.
The report reveals that the vast majority of firms approached by the CDP now release climate change information, with 77% of firms on the Global 500 and 64% of those on the US S&P list responding to data requests.
In addition, 74% of Global 500 companies reporting to CDP are now reporting emissions reduction targets, showing companies are increasingly taking climate change mitigation seriously.
However, U.S. companies’ actions lag behind awareness, according to the report, which notes that although 254 companies (81% of respondents) perceive climate change as a risk, only 102 respondents (33%) have GHG emission reduction targets in place. This demonstrates that overall many U.S. companies are still lagging behind their global counterparts.
The Carbon Disclosure Project, founded in 2000, represents some 385 global institutional investors, with more than $57 trillion in assets under management. As an independent not-for-profit organization, CDP collects key climate change data from more than 1550 major corporations around the globe and has assembled the largest corporate greenhouse gas emissions database in the world.
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