Investors managing more than $130 trillion in assets have written to more than 10,000 companies asking them to supply environmental data to the non-profit disclosure platform CDP.

 

The call comes as money managers demand better information on climate change, biodiversity and water security to help them analyze the performance of company boards as the world looks at a plan to limit human-driven global warming.

 

While more companies are committing to net-zero carbon emissions by mid-century and are being pushed to help protect the world’s vulnerable ecosystems, many have so far refused to fill out an annual data request by the CDP Is.

 

This year, more than 680 financial institutions lent their voices to requests for data, including Amundi, Europe’s largest asset manager. Current disclosures cover more than 13,000 companies that cover approximately 64% of the global market capitalization.

 

More than 3,300 companies requesting data will receive it the first time, while more than 4,000 will receive a repeat request after failing to respond last year. The first request was sent in 2002.

 

CDP Chief Executive Paul Simpson said, “While many companies are disclosing, setting targets and taking action across their own business operations and value chains, a surprisingly large portion of the market is still under disclosure.” The important first step is yet to be taken.”

 

“These companies are increasingly out of touch with reality, investor and public opinion.”

 

Taking the form of a sector-specific questionnaire, the CDP disclosure process ensures that investors, index providers and rating agencies have access to standardized data, while global regulations on mandatory disclosure are still being worked out.

 

Jean-Jacques Barberis, Head of Institutional and Corporate Clients Coverage and ESG Supervisor at Amundi, said, “We need this comparable, consistent and clear data for our investment decision making, our research, our product development, our corporate engagement and our regulatory compliance. the wanted.”

 

“It’s also important for us to meet our own climate goals.” (Reuters)