Picking up the Pace: Analysis Shows Corporates Raising the Bar on Climate Action, as 150+ Companies Take the Top Spot on CDP’s Environmental A List. Picking up the pace, the second edition in the annual Tracking corporate action on climate change series, finds more leading companies are embedding low-carbon goals into their long-term business plans, and that are increasingly aligning with the carbon emission reductions scientists say are needed to prevent dangerous climate change.
Paul Simpson, CEO of CDP, said: “Two years ago, the Paris Agreement fired the gun in the race to a low-carbon economy. This year, the recommendations from the Task Force on Climate-Related Financial Disclosures accelerated the pace. We can already see corporate winners and losers emerging. Best practice, from the scaling of solar power to the construction of zero-energy buildings, with innovation in processes, products and philosophies is emerging; and is increasingly led from the boardroom.”
In a separate analysis, CDP ranked 159 companies (out of a total of over 3,300) as A-grade for their approaches to climate change, water and deforestation including Colgate Palmolive Company, Diageo Plc., J Sainsbury Plc., Sky Plc. and Sony Corporation. Unilever and L'Oréal lead the way with A’s across all three areas.