second round on disclosureOctober 2003
The Carbon Disclosure Project is to send forms to FTSE500 companies next month asking them about their climate change mitigation strategies.
The move follows last year’s initial survey sent out by the project, which seeks to encourage companies to report their greenhouse gas emissions (EP4, issue 3).
Last year 220 companies responded, but the project, backed by 35 large institutional investors managing around $4.9trillion (£3.3tn) and chaired by SRI pioneer Tessa Tennant, anticipates a much better response this year.
Paul Dickinson, co-ordinator of the project, said more investors will join the project shortly, increasing the pressure on companies to disclose their climate change strategies. ‘An increase in the quality and the quantity of responses is expected,’ he said.
Last year’s poll of chairmen of the 500 largest global companies found that while 80 per cent of respondents agreed climate change was a financial risk, only 35 per cent were taking remedial action.
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