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Major Investors Back Campaign for Environmental Data From Global Firms 

CDP, the environmental disclosure platform, has announced a record 263 global investment institutions have joined its campaign calling on over 1,400 companies to disclose their environmental data. The 263 investors, including Amundi, Aviva, Schroders and Nuveen, representing over US$31 trillion in assets, have called on non-disclosing companies with a high environmental impact to disclose data through CDP. The targeted companies, which CDP says are more than twice as likely to disclose environmental impact when directly engaged, include Exxon Mobil, Glencore and Tesla. The 1400 non-disclosing companies cover over US$24 trillion in global market capitalisation and emit more than 4800 megatonnes of carbon dioxide equivalent annually. Laurent Babikian, CDP’s Joint Global Director of Capital Markets, said: “Engagement is critical to driving disclosure, and disclosure is the first step to environmental action. Climate change, deforestation and water security present material risks to investments, and companies that are failing to disclose their impact risk trailing behind their competitors in their access to capital.”  

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