27 Corporates Make CDP's "A List" For Responsibility In Water Security; 647 on the "F List"

28 Jan 2019 by OOSKAnews Correspondent
DAVOS, Switzerland

The Carbon Disclosure Project (CDP) has released the findings of its annual survey of companies' environmental responsibility, with 27 corporates including Gap, Ford and L'Oréal  meeting the NGO's "A List" requirements in the category of "Water Security". 647 corporates reporting to the survey appear on the "F List" for Water Security disclosure because they either failed to report water security data that had been requested by CDP on behalf of investors and customers, or failed to report sufficient water security data to CDP to meet the survey's criteria. These include BP, CNOOC, ExxonMobil, BHP, Rio Tinto, Coca Cola Bottlers Japan, BAE Systems and Monsanto.

With over 7000 companies responding to the 2018 survey, the results released in Davos January 23 reveal both an increasing number of respondents year on year as well as a 20 fold increase in corporations disclosing on water security since 2010 (https://www.cdp.net/en/scores).

CDP's work with water security motivates companies to disclose and reduce their environmental impacts by using the power of investors and customers. The data CDP collects helps influential decision makers to reduce risk, capitalize on opportunities and drive action towards a more sustainable world. In 2018 more than 140 corporates as the pioneers acting on climate change, water security and deforestation, and building our future economy: one that works for both people and planet.

The resulting report creates an “A list” of over 120 companies engaged in climate action, including high profile names such as Danone, Infosys Limited and Microsoft. Gap, Ford and L'Oréal were among the group of 27 companies included on the A List for their water security action. Here's that list in full":

  • Altria Group, Inc.
  • Asahi Group Holdings, Ltd.
  • Bayer AG
  • Braskem S/A
  • Brembo SpA
  • CNH Industrial NV
  • Ford Motor Company
  • Galp Energia SA
  • Gap Inc.
  • General Mills Inc.
  • International Flavors & Fragrances Inc.
  • KAO Corporation
  • Kirin Holdings Co Ltd
  • Klabin S/A
  • Las Vegas Sands Corporation
  • LG Display
  • LIXIL Group Corporation
  • L'Oréal
  • Metsä Board
  • Microsoft Corporation
  • Mitsubishi Electric Corporation
  • Nabtesco Corporation
  • Stanley Black & Decker, Inc.
  • Suntory Beverage & Food
  • Toyota Industries Corporation

Since 2003, CDP has sent information requests to thousands of companies on behalf of over 650 investors with assets of $87 trillion and 115 major purchasing organizations with a combined spend of $3.3 trillion. The questionnaire calls on corporations to disclose information on their environmental performance and strategies across a range of metrics. Scoring now includes not only climate but water security and forest management. The body of work has been designed to encourage more businesses to work towards delivering more ambitious sustainability strategies.

The information is also used by investors to assess inherent risks associated with environment, sustainability and goverance issues.

Dexter Galvin, global director of corporates and supply chains at CDP, commented that there is compelling evidence that those companies that boasted the strongest environmental performance also tended to perform well financially. In addition to ranking companies based on their CDP grading, the report also includes examples of environmental best practices and innovative corporate initiatives.