FIs Call for Environmental Impact Data Disclosures

Over 700 financial institutions (FIs) with a combined US$136 trillion in AuM have called on over 15,000 companies to disclose data on their environmental impact. The Canada Pension Plan Investment Board, the European Investment Bank, and Aviva are among the 746 FIs requesting disclosure from companies as part of the CDP’s annual environmental impact questionnaire. In addition to data on climate change, deforestation, water security and biodiversity, financial institutions are also requesting disclosure on plastic through CDP’s 2023 questionnaire. According to the CDP, “too many” high-impact companies, including Berkshire Hathaway, Exxon Mobil, Saudi Aramco and Tesla “still do not disclose their environmental data and are facing renewed calls to act on the request”. Paul Dickinson, Founder and Chair of the CDP, said: “I urge all companies and financial institutions to actively engage with this year’s disclosure on climate change, forests, water and plastics. Addressing the climate crisis and forging an unwavering path toward 1.5°C requires purposeful data-backed action on nature and environmental degradation.” 

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