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Wednesday, April 20, 2022
How Nonprofit CDP Holds Companies Accountable to Sustainability Goals
www.businessinsider.com: For nearly a decade, Stanley Black & Decker, the world's largest tools and storage company, has been reporting on its sustainability goals with CDP, a nonprofit founded in 2000 that helps companies track their environmental impact.
1 comment:
Elly Lieu Wolhardt
said...
Having worked in climate advocacy movements, the biggest question is always how to hold large companies and corporations accountable, especially if the entity attempting to hold it accountable is a non-profit organisation or a non-binding agreement like the Paris Agreement. This article centres on CDP, a nonprofit that helps to track environmental impact of companies and uses a scale of A to F to grade companies on management and progress. There is a surprisingly large percentage of companies on the S&P 500 stock market index that participate. In 2021, CDP collected information from more than 13,000 companies, a 35% increase from 2020 and a 141% increase from 2015 when the Paris Agreement was signed. Disclosing scores and tracking progress gives interested investors and current stakeholders a look into the environmental impact of these companies.This is definitely a step in the right direction but hopefully, there will be increased consequences and accountability for companies who are "failing" in regards to their environmental impact.
1 comment:
Having worked in climate advocacy movements, the biggest question is always how to hold large companies and corporations accountable, especially if the entity attempting to hold it accountable is a non-profit organisation or a non-binding agreement like the Paris Agreement. This article centres on CDP, a nonprofit that helps to track environmental impact of companies and uses a scale of A to F to grade companies on management and progress. There is a surprisingly large percentage of companies on the S&P 500 stock market index that participate. In 2021, CDP collected information from more than 13,000 companies, a 35% increase from 2020 and a 141% increase from 2015 when the Paris Agreement was signed. Disclosing scores and tracking progress gives interested investors and current stakeholders a look into the environmental impact of these companies.This is definitely a step in the right direction but hopefully, there will be increased consequences and accountability for companies who are "failing" in regards to their environmental impact.
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