88 investors with nearly US$10 trillion assets including HSBC Global Asset Management, Candriam and Investec Asset Management are targeting companies that are not transparent enough about their environmental impact, and pushing them to disclose this information through CDP. The investors are targeting 707 companies with US$15.3 trillion market capitalisation across 46 counties for not reporting their climate change, water security and deforestation data. This includes Exxon Mobil, BP, Chevron, Amazon, Volvo, Alibaba, Qantas Airways as well as palm oil company Genting Plantations Bhd.
These companies have been selected because of their high environmental impact and lack of transparency on these issues to date. 546 companies are being targeted to disclose on climate change, 166 on water security and 115 on deforestation.
For more information please click here.