14 Sep '11, 4pm

CDP's Annual Report Finds Sustainable Companies are More Profitable

CDP's Annual Report Finds Sustainable Companies are More Profitable

The world's largest companies aren't waiting around for an international climate change treaty to be drafted before they start taking action. Not only are they addressing their own carbon footprints, in many cases, they're thriving because of it. Consider this: Global 500 companies that have demonstrated leadership in carbon disclosure or performance yielded twice the average return as the index as a whole between January 2005 and May 2011. "It suggests a strong correlation between higher financial returns and good carbon disclosure and good carbon performance," said Paul Simpson, chief executive officer of the Carbon Disclosure Project (CDP), which today released the CDP Global 500 Report 2011. "We realize that many may like to challenge this. We would be delighted to see the investment community, some in this room and in the wider community, look into this further. It's ...

Full article: http://www.greenbiz.com/news/2011/09/14/cdp-annual-report...

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