24 Feb '12, 3pm

CDP's Carbon Action Initiative Brings $10 Trillion to Bear on Climate

CDP's Carbon Action Initiative Brings $10 Trillion to Bear on Climate

Investor support for the CDP Carbon Action initiative has more than doubled since its launch last year, the Carbon Disclosure Project (CDP) announced this week. Carbon Action was launched in April, 2011, on behalf of 34 institutional investors with $7.6 trillion in assets under management. Today, the number of investors stands at 92, and their combined assets exceed $10 trillion. This year, the initiative wrote to CEOs of 415 of the world's largest public companies. The letters, which are "tailored to company-specific circumstances," according to CDP, requests that the companies set and disclose annual emissions reduction targets, invest in emission reduction activities, and reduce emissions across their supply chains. A report issued earlier this month by CDP found that large corporations "are not yet demonstrating significant emissions reductions in their supply chains."...

Full article: http://www.greenbiz.com/news/2012/02/24/cdps-carbon-actio...

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