A nearly $20-trillion strong group of 137 financial institutions, including AXA Group, Legal & General Investment Management, Nikko Asset Management Co, and Generation Investment Management, is asking companies to commit to climate action in line with 1.5°C and a net-zero future by setting science-based targets.
This year over 9,600 companies disclosed their environmental data through CDP, representing a significant increase from 2019, even amidst the COVID-19 crisis. In Turkey, the number of responding companies increased by 11% and reached 60.
A first-of-its-kind report released on 5th of October 2020 by CDP, a non-profit which runs the global environmental disclosure platform, and University College London (UCL) has modeled the mean damage costs of ‘business as usual’ action on climate change at $5.4 trillion a year by 2070 and $31 trillion a year by 2200.
CDP works to transform the way the world does business to prevent dangerous climate change and protect our natural resources. We see a world where capital is efficiently allocated to create long-term prosperity rather than short-term gain at the expense of our environment. Click here for details.
We believe that improving corporate awareness through measurement and disclosure is essential to the effective management of carbon and climate change risk. We request information on climate risks and low carbon opportunities from the world’s largest companies on behalf of 525 institutional investor signatories with a combined US$96 trillion in assets.
CDP's water program motivates companies to disclose and reduce their environmental impacts by using the power of investors and customers. The data CDP collects helps influential decision makers to reduce risk, capitalize on opportunities and drive action towards a more sustainable world.