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The Carbon Disclosure Project (CDP), a collaboration of 385 institutional investors with assets under management of US$57 trillion, today announced the appointment of PricewaterhouseCoopers as its global adviser.
CDP is the world’s largest investor collaboration on climate change. Each year CDP sends out a request to over 3,000 companies globally on behalf of investors including Merrill Lynch, The RBS Group, Allianz, AXA, Banco do Brazil, Mitsubishi UFJ, AIG Investments, Goldman Sachs and HSBC. The request asks companies to measure and disclose their greenhouse gas emissions and report on their strategy for dealing with risks and opportunities associated with climate change.
PricewaterhouseCoopers will analyse company responses to CDP to produce the flagship CDP report on the Global 500 companies, together with the CDP reports on the US S&P500, the UK FTSE 350, as well as the report on the ground-breaking Supply Chain Leadership Collaboration. PricewaterhouseCoopers will also work with CDP as a strategic adviser, offering support and expertise on areas such as carbon emissions and climate risk reporting, carbon accounting systems and data verification.
Paul Dickinson, CEO of CDP said: “This is an important step for CDP. The expertise PricewaterhouseCoopers has in evaluating carbon risk and opportunity will be invaluable in providing new insight and analysis through CDP reports. Their expertise will also help in driving forward CDP’s goals to work with companies globally to measure, disclose and reduce corporate greenhouse gas emissions.”
Richard Gledhill, Global Leader of Climate Change Services at PricewaterhouseCoopers, added: “Climate change has become an important strategic issue in boardrooms around the world. Business recognises that it has a critical role to play in responding to climate change, delivering the required investment in low carbon technology and services, and driving down corporate emissions. At the same time investors and other stakeholders want to understand the environmental footprint of leading companies and their exposure to the risks, and opportunities, that climate change presents. We are delighted to be working with CDP to help shape the future of reporting in this vitally important area.”
