The Carbon Disclosure Project (CDP) recently presented its sixth global report on corporate climate change strategies in New York. The results of the second CDP survey for Switzerland will be presented jointly by Ethos and Pictet Asset Management on 24November 2008 in Zurich.
With 385 signatories, the CDP is the largest group of institutional investors in the world, managing assets worth over 57trillionUSD. On September 22, 2008, it published its sixth annual report in New York, unveiling results based on the largest database ever compiled on corporate carbon emissions strategies.
Results of the CDP Global Report
The CDP questionnaire was sent to the world's 500 largest listed companies as defined by the Financial Times (FT500). The report's conclusions show that the FT500 companies see climate change as a source of risks but also as an opportunity, and that they recognize the importance of regulation in managing its impacts. However, the uncertainty surrounding climate legislation is holding back strategic investment decisions. Many companies are calling for greater visibility in this field, in order to be able to better anticipate the effects of regulation on the carbon market.
Second CDP Report for Switzerland
For the second time, the CDP has conducted a survey in Switzerland, under the sponsorship of the Ethos Foundation and Pictet Asset Management. This year, one hundred companies were contacted and the response rate was 55 per cent. The complete report relating to Swiss companies will be presented in Zurich on 24November 2008 in the presence of Swiss Federal Councillor Moritz Leuenberger and leading representatives from the worlds of finance and science.
