Carbon Disclosure Project has Appointed PricewaterhouseCoopers as Global Adviser and Report Writer
NEW YORK, 25 June 2008 -- The Carbon Disclosure Project (CDP), a collaboration of 385 institutional investors with $57 trillion in assets under management, has appointed PricewaterhouseCoopers (PwC) as its global adviser.
CDP is the world's largest investor collaboration on climate change, and sends out an annual request to over 3,000 companies globally on behalf of investors. These investors include many of the world's largest and most reputable institutions, including Merrill Lynch, Goldman Sachs, Allianz, ANZ, Banco do Brazil, Mitsubishi UFJ, AIG Investments, Barclays, The RBS Group, and HSBC. The annual survey asks companies to measure and disclose their greenhouse gas emissions and report on strategies for addressing climate change risks and opportunities.
According to Paul Dickinson, CEO of CDP, "This is an important step for CDP. The expertise PricewaterhouseCoopers has in evaluating carbon risk and opportunity will be invaluable in providing new insight and analysis through CDP reports. Their expertise will also help in driving forward CDP's goals to work with companies globally to measure, disclose and reduce corporate greenhouse gas emissions."
PwC will analyze company responses to produce CDP's report on the Global 500, US S&P500, and UK FTSE 350 companies, as well as the report on ground-breaking supply chain leadership collaboration. PwC will also work with CDP as a strategic adviser, offering support and expertise on areas such as carbon emissions and climate risk reporting, carbon accounting systems, and data verification.
Tom Craren, U.S. Thought Leadership and Brand Leader at PricewaterhouseCoopers, said, "Climate change has become an important strategic issue in boardrooms around the world. Carbon emissions increasingly impact the value, risk, and long-term growth potential for businesses in virtually every industry. That awareness is creating opportunities to develop strategic programs that increase shareholder value, while also driving down carbon emissions. Our work with the CDP will help to shape the future of management strategies and reporting in an increasingly carbon constrained environment."
CDP is an independent not-for-profit organization, established in 2000 to facilitate dialog between companies and investors, supported by quality information, from which a rational response to climate change will emerge. PricewaterhouseCoopers has more than 146,000 people in 150 countries providing assurance, tax, and advisory services to clients worldwide.