Surge in corporate environmental transparency

More than 300 major companies worldwide have been named in an annual ‘A List’ for environmental transparency, reflecting a rapid rise in environmental awareness in the business world.

Posted on 16 December 2020

More than 300 major companies worldwide have been named in an annual ‘A List’ for environmental transparency, reflecting a rapid rise in environmental awareness in the business world.

The A List, compiled by corporate environmental disclosure platform CDP, showcases the companies that are seen to be leading on environmental transparency and action.

Companies in the 2020 A List include well known names from a wide range of industries, such as AstraZeneca, Danone, Toyota, Mars, BT, Unilever and Sainsbury’s.

‘Growing awareness’

Thousands of companies disclose through CDP every year at the request of investors and buyers. However, 2020 saw a marked increase in both the number of companies disclosing and the number achieving an A score. The latter increased to 313, a 45 per cent jump compared to 2019.

The growing number of disclosures is proof that more companies are choosing to be transparent by disclosing data and/or are increasing action on sustainability, despite the challenges posed by COVID-19.

“CDP data shows growing environmental awareness among the business world in 2020, which is hugely positive considering the unprecedented challenges business and society have faced this year,” explained Dexter Galvin, global director of corporations and supply chains at CDP.

“It’s encouraging that 70 per cent more companies are now reporting on their environmental action than in 2015, and that, this year, over 300 have reached the A List. Congratulations to these leaders – through their action and transparency they are getting ahead of the pack and will seize the benefits as we transition to a net zero sustainable economy.”

Climate Pledge

In related news, 31 leading companies have now joined The Climate Pledge, which was co-founded by Amazon in 2019. Earlier this year, the company opened the Climate Pledge Arena in Seattle.

The Climate Pledge requires signatories to work together to achieve net zero carbon emissions by 2040 through business change, innovation, efficiency improvements and credible carbon offsetting.

In the long-term, the initiative hopes to be able to support SMEs that need additional capacity to help them onto the first steps of their own carbon reduction journeys.

 

 

Posted under General Interest on 16 December 2020