Group of financial institutions request environmental data from more than 1,400 companies that do not disclose information

263 financial institutions, including Amundi, PGGM Investments, Robeco, Achmea Investment Management and ACTIAM, are urging companies with high environmental impact, which do not disclose information, to pass on data through CDP, the non-profit organization that operates the world’s environmental information system. The targeted companies, including AkzoNobel, Exor and Tesla, have a market value of more than $ 24 trillion and total emissions equivalent to more than the EU’s annual total (4.8 GtCO2e).

The direct involvement is coordinated by CDP’s 2022 Non-Disclosure Campaign, which increases environmental transparency among companies that never or do not.
more openness through the CDP. Most of the selected companies were asked to at least report their impact on climate change. Number of companies asked to report data on water (+ 51%) and forests (+ 36%). 1 in 4 companies in this year’s campaign already reveals information on one theme via CDP: climate change, forests or water security. They have been included in the campaign because they do not yet reveal data on another theme that is of interest to them.

The campaign saw a record 57% increase in the number of supporting financial institutions compared to 2021. This reflects the broader momentum of
net-zero targets and alliances, including the Glasgow Financial Alliance for Net Zero (GFANZ), which requires signatories to establish science-based targets to reach net-zero by 2050.

In order to meet these obligations, investors and financial institutions require companies to disclose the environment in their portfolios so that they can
understand and manage funded environmental impacts.

Peter van der Werf, Senior Manager Engagement at Robeco, says: “Robeco believes it is important to encourage companies to publish their achievements and show how this translates into real impact. This is the first step in stimulating environmental efforts. Climate change, deforestation and water security pose significant risks to investors, and companies that fail to disclose their performance in these areas risk losing their license to operate if regulation provides a clear boost to stakeholder clarity. †

Last year’s secrecy campaign resulted in the highest response rate to date, with the number of companies revealing more than doubling compared to 2020. It also found that companies are more than twice as likely to disclose through the CDP as they do directly. encouraged by investors.

Laurent Babikian, CDP’s Joint Capital Markets Director, said: “Involvement is crucial to promoting disclosure, and disclosure is the first step in environmental action. Climate change, deforestation and water security pose significant risks to investment, and companies fail to disclose their We are encouraged by the continued growth and success of this annual campaign and the record attendance this year, with a number of mandatory environmental information commitments looming in regions such as the US, UK “Japan, the EU, New Zealand and India, secrecy will no longer be an option for many of these companies.”

Elodie Laugel, Chief Responsible Investment Officer at Amundi, said: “Amundi has actively supported CDP’s Non-Disclosure Campaign since its launch in 2017. The need for transparent and comparable business information through a well-articulated framework on key environmental issues (such as climate), water and deforestation ) is more important than ever. CDP has been a benchmark for business information since its inception and continues to be of great value to investors. “

Financial institutions will engage with companies during the summer when the CDP’s information system is open. Companies will be asked to submit their answers to investors through CDP’s online response system. A complete list of the companies targeted by the campaign can be found here.

Overview of Dutch companies that have been addressed

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