The Carbon Disclosure Project (CDP), to which PwC has been appointed global advisor and report writer, provides institutional investors with a unique analysis of how the world's largest companies are responding to climate change.
What is loud and clear this year is that, despite the lack of a global climate change agreement, many of the world's largest companies believe carbon management is becoming a real strategic business priority and competitive driver. So it is no surprise that more Global 500, S&P 500 and FTSE 350 companies have responded to CDP this year, with a particular increase this year from the BRIC countries (Brazil, Russia, India and China).
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