Business leaders at the world’s largest listed companies are this week facing growing pressure from investors to embrace environmental best practices, following the launch of the Carbon Disclosure Project (CDP) reporting season and the publication of new research showing shareholder support for environmental resolutions is on the rise.
The CDP announced that it has kicked off its annual disclosure season, writing to over 5,000 public companies around the world requesting information on their carbon emissions and climate change strategy.
Significantly, the group said that the number of institutional investors supporting the annual requests for information has increased 10 per cent to 722 separate investors, meaning that the initiative is backed by institutions with $87tr of assets under management - equivalent to around a third of the world’s invested capital.
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