The Carbon Disclosure Project Issues its 5th Global Corporate Climate Change Report

Today, the Carbon Disclosure Project (CDP) released its much-anticipated Global Corporate Climate Change Report (CDP5). This is the fifth annual report by the CDP tracking carbon disclosure and attitudes toward climate change in the world's largest companies. The CDP additionally this year launched the Climate Disclosure Leadership Index (CDLI), an honor roll for companies who are best addressing climate change issues.

Today's forum launching the CDP Report features President Clinton and Harold Ford Jr., Vice Chairman of Merrill Lynch. Today also starts the U.N. summit on how to mitigate climate change with over 80 world leaders taking part. Later this week, President Bush will host his own US meetings on climate change. This week's high profile meetings on climate change illustrate the growing pressure on governments, companies and individuals to act now on carbon emission and climate change issues.

The CDP welds the strength of over 315 global institutional investors with more than $41 trillion in assets under management. This collaboration includes some of the largest US and foreign institutional investors, including CalPERS, Merrill Lynch, and Goldman Sachs. The CDP has collected 90 new signatories and almost $10 trillion in assets since last year's report.

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