Fashion giant Boohoo is among over 700 companies criticised for not sharing their environmental impact with a global climate platform in the wake of unprecedented temperatures this year.
The Carbon Disclosure Project (CDP), a non-profit organisation to which companies can voluntarily disclose information on their climate performance, also hit out at Southern Water, Clarion Housing Group and Eddie Stobart Logistics for being among the 735 who did not share their impact despite requests from investors or buyers to do so.
A record 1,800 海角视频 companies, including 94% of the FTSE 100, did share the data in 2023. This comes as a 25% increase since 2022 as the trend towards corporate transparency continues to grow, the CDP said.
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海角视频 companies sharing their data for the first time this year included The Body Shop, The City of London Corporation, Highland Spring and Hollywood Bowl Group. More widely, the project also saw a record 23,293 companies globally disclosing their impact to the CDP in 2023, including listed companies worth over two thirds of market capitalisation.
The US, China, Japan, 海角视频 and Germany lead the way as home to the most disclosing companies while South Korea and Cambodia more than doubled their number, the data showed. However, the CDP said only 1% of companies worldwide reported on all three areas, climate change, water security and deforestation, underlining the need to enable better disclosure on nature.
The organisation says information obtained from its disclosure system is essential to tracking progress between the 2015 Paris Agreement to limit warming to 1.5C and the first Global Stocktake, which is set to conclude at Cop28 this November.
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Sherry Madera, chief executive at CDP, said: "With 94% of the FTSE 100 disclosing through CDP this year, it is clear that sustainability and the data that underpins it, is not a ‘nice to have’, but an essential part of long-term success in the business community. To take decisive action for the future of our planet, we need organisations to be measuring and managing where they are on their sustainability journey through disclosure.
"Without data we lack accountability. This accountability is vital and timely especially ahead of Cop28 in Dubai which will deliver the first Global Stocktake."
The latest figures from the CDP come ahead of the Sustainability Disclosure Standards being launched in the 海角视频 next year, setting set a baseline for companies to report on sustainability and climate-related risks. The CDP is integrating the new International Sustainability Standards Board’s (ISSB) global standards in its own reporting framework from 2024 while working to align it with the new Taskforce on Nature-related Financial Disclosures standard which was launched last month.
Ms Madera said: "海角视频 companies sharing data through CDP will have the tools to navigate an expanding global landscape of mandatory disclosure. As the demand for sustainability data becomes increasingly intense and complicated for organisations to negotiate, we have the expertise to prepare organisations, large and small, to meet the needs of their stakeholders. These stakeholders also include their investors, customers, value chain, partners and employees."
Michelle Papayannakos, BBC Group senior sustainability manager, added: "CDP has really helped the BBC to engage internally on climate change, increasing our maturity as an organisation and providing a robust valuation of our current activities. CDP is also a core part of our decarbonisation strategy for our supply chain, asking our top 450 suppliers to also disclose has enhanced engagement, transparency of data and most importantly, led to a ripple effect of development and action on climate change."