The Nordic report of the Carbon Disclosure Project is published this week, with businesses revealing the level of their greenhouse gas emissions.
Although a pan-industry study, it reveals the results from a number of shipping, energy and marine technology companies for the first time as the London-based CDP secretariat looks more closely at the supply chain and transport emissions.
Rather than being a green lobby group aiming to promote environmental values, the CDP believes it could be an organisation that has teeth. It is a coalition of institutional investors, some 385 this year, claiming to have the weight of $57trn investment capital.
On an annual basis CDP sends a questionnaire to market listed companies to assess their carbon emissions risk. It covers four areas: management's views on how climate change impacts the business; greenhouse gas emissions accounting; strategies to reduce emissions and corporate governance. This data provides investment groups, which include large pension and investment funds, with information on how their portfolios are reacting to the climate challenges.
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