CDP News Release, June 17 2019.
Group of 88 investors target over 700 companies for not reporting environmental information
June 17, 2019, London: 88 investors with nearly US$10 trillion assets are targeting companies that are not transparent enough about their environmental impact, and pushing them to disclose this information through CDP, the non-profit global environmental disclosure platform.
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.
[350Pgh note: it also includes EQT, the largest producer of natural gas in the United States, headquartered in Pittsburgh]
This investor engagement is part of CDP’s 2019 Non-Disclosure Campaign, which aims to drive further corporate transparency around climate change, deforestation and water security, by using shareholder influence to push companies to respond to CDP’s disclosure request.