Only 14 companies are making top-grade efforts on the climate, the organisation that scores environmental efforts by companies for investors said Tuesday.

The NGO Carbon Disclosure Project (CDP) said only 14 out of nearly 12,000 firms that it scores received A marks in all the three areas of climate change, forests and water security in 2021.

Among those were consumer goods firm Unilever, food group Danone, cosmetics maker L'Oreal and tobacco giant Philip Morris International.

A total of 272 companies out of nearly 12,000 firms with $12 trillion in market capitalisation -- or just 2 percent -- received at least one A rating.

The CDP ranks firms after sending them a questionaire, and the results are used by asset managers seeking to make their portolios more green.

A majority of the ranked firms received scores between C and D-, which means they are only beginning to recognise their enviromental impact.

"It is also concerning that 16,870 companies worth US$21 trillion in market cap -- including Chevron, Exxon Mobil, Glencore and Berkshire Hathaway -- failed to respond to the request for information from their investors and clients, or provide sufficient information in their response," said CDP.

Dexter Galvin, global director of corporations and supply chains at CDP, said that "these companies are not only putting the planet at risk, but themselves".

"If they continue with business as usual, they will end up on the wrong side of public opinion, regulation and investor sentiment."

jnd/rl/jxb

EXXONMOBIL

Glencore

L'OREAL

PHILIP MORRIS INTERNATIONAL

DANONE

UNILEVER PLC

CHEVRON

Related Links
Climate Science News - Modeling, Mitigation Adaptation

Tweet

Thanks for being here; We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor $5 Billed Once credit card or paypal		SpaceMediaNetwork Monthly Supporter $5 Billed Monthly paypal only

When variations in Earth's orbit drive biological evolution
Paris, France (SPX) Dec 02, 2021
Coccolithophores are microscopic algae that form tiny limestone plates, called coccoliths, around their single cells. The shape and size of coccoliths varies according to the species. After their death, coccolithophores sink to the bottom of the ocean and their coccoliths accumulate in sediments, which faithfully record the detailed evolution of these organisms over geological time. A team of scientists led by CNRS researchers1 show, in an article published in Nature on the 1st December 2021, that ... read more