Big four lead in CDP
(25 September 2009 – Global) The Carbon Disclosure Project's (CDP) latest results for 2009 rate the Big Four as global leaders in sustainability.
The CDP Global 500 annual report released by PricewaterhouseCoopers (PwC) shows that Australia’s largest four banks ranked in the Carbon Disclosure Leadership Index (CDLI) 2009.
The CDLI is a compilation of the top scoring ten percent of the Global 500. Of the top 50 companies, the financial sector had the most with 11 in the CDLI.
Australia’s largest banks, ANZ, CBA, NAB and Westpac were among the 11, though scored below highest scorer in the financial sector, HSBC.
The PwC report explained that placing in the CDLI suggests good internal data management and understanding of the issues climate change presents to the company’s business.
The CDP Global 500 Report explained that the best performing companies showed a commitment to the following three main points.
Firstly, taking effective action to manage risks and capitalise on new opportunities; secondly, showing carbon reduction activities that deliver results; and finally, incorporating expected regulation into forward thinking and planning.
The turmoil in the financial markets and the global economy over the last year has highlighted the importance of effective disclosure and high-quality risk management.
The financial crisis of 2008 suggests businesses need to better understand systemic risks that can cause significant de-stabilizing impacts in the global economy, the report concluded.
The CDLI is a compilation of the top scoring ten percent of the Global 500. Of the top 50 companies, the financial sector had the most with 11 in the CDLI.
Australia’s largest banks, ANZ, CBA, NAB and Westpac were among the 11, though scored below highest scorer in the financial sector, HSBC.
The PwC report explained that placing in the CDLI suggests good internal data management and understanding of the issues climate change presents to the company’s business.
The CDP Global 500 Report explained that the best performing companies showed a commitment to the following three main points.
Firstly, taking effective action to manage risks and capitalise on new opportunities; secondly, showing carbon reduction activities that deliver results; and finally, incorporating expected regulation into forward thinking and planning.
The turmoil in the financial markets and the global economy over the last year has highlighted the importance of effective disclosure and high-quality risk management.
The financial crisis of 2008 suggests businesses need to better understand systemic risks that can cause significant de-stabilizing impacts in the global economy, the report concluded.
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