GLOBE-Net, September 28, 2012 - A new Carbon
Disclosure Project (CDP) analysis shows that S&P 500 companies
are making significant strides in both transparency and progress
towards carbon goals when compared to the Global 500.
The results highlight a tipping point in the actions being taken
in American C-suites and boardrooms to integrate a sustainability
agenda into overall business strategy despite a lack of
comprehensive regulatory requirements in the US.
The CDP S&P 500 Climate Change Report,
co-written by CDP and professional services firm PwC, on behalf of
655 institutional investors representing $78 trillion in assets,
provides an annual update on greenhouse gas emissions data and
climate change strategies at America's largest public
It reveals that the average disclosure score, calculated by CDP
to reflect each company's transparency on climate change, has
increased by 13% and the average disclosure score required by
companies to achieve a position in the Carbon Disclosure Leadership
Index (CDLI) has increased by 11% to 92.
The average S&P 500 performance
score, which ranks companies according to the scale and quality of
their emissions reductions and strategies, increased 44%, with the
addition of 24 companies eligible to receive performance
These findings, based on 338 company responses to the
investor request for information, provide evidence that more
S&P 500 companies are taking actions to mitigate their impact
on climate change, in spite of the vacuum created by regulatory and
Among the S&P 500 92% of the survey respondents reported
board or executive-level oversight compared to 86% in 2011 and 25%
of respondents disclosed greenhouse gas information in their Annual
Reports, up from 18% in 2011.
Globally, according to the CDP Global 500 Climate Change Report, this year
has seen a 10% increase year-on-year in companies integrating
climate change into their business strategies (2012: 78%, 2011:
68%), contributing to a 13.8% reduction in reported corporate
greenhouse gas emissions from 3.6 billion metric tons in 2009 to
3.1 billion metric tons in 2012.
The fall is equivalent to closing 227 gas-fired power stations
or taking 138 million cars off the road.
CDP's executive chairman Paul Dickinson says: "The best
interests of investors are catalyzing US companies to improve the
management of environmental risk, which is vital if we are to forge
a more sustainable economy."
"This report shows us that the powerful American corporation is
responding to a growing market demand and increasingly understands
that transparency and action on climate change is a business
imperative," he added, noting that failure to act could result in a