Too many companies are failing to respond to environmental transparency requests, non-profit platform CDP said on Tuesday, after only 1.3% of over 900 firms scored an 'A' based on their climate change, forests and water security disclosures.
A man walks by a pipe discharging waste water into the Yangtze River from a paper mill in Anqing, Anhui province, December 4, 2013. REUTERS/William HongOnly 1.3% lead disclosure on climate, forests and water impactsDec 13 - Too many companies are failing to respond to environmental transparency requests, non-profit platform CDP said on Tuesday, after only 1.3% of over 900 firms scored an "A" based on their climate change, forests and water security disclosures.
More than 29,500 firms worth at least $24.5 trillion received an "F" for failing to respond to disclosure requests from investors and clients or for providing insufficient information in their responses, CDP found, while just over 330 made the "A" list. "Most are still not managing all environmental issues holistically, and far too many are remaining complacent or failing to respond at all," he added in a statement.
CDP showed that more than 680 investors and 280 large purchasers had requested thousands of firms to disclose through its platform this year. This resulted in over 18,700 corporate disclosures, up 233% since 2015.
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