Asset managers request environmental data disclosures from over 10,000 companies through CDP framework

Nearly 100 more financial advisors

Amundi, Axa, BNP Paribas and Vanguard are among more than 680 financial institutions that will be issuing letters to the boards of nearly 10,400 companies globally, worth $105trn in market cap, requesting they disclose data on their environmental impact this year.

The letters, which are going out to companies from today (14 March), will request that they disclose data on issues such as climate change, deforestation and water security, through non-profit CDP's environmental disclosure system. CDP said that nearly 100 more asset managers, asset owners, banks and insurers have put their name to the disclosure request this year. According to CDP, last year nearly 3,200 companies out of 7,176 requested disclosed their environmental information in response to its ‘letter to the board', in addition to the more than 10,100 other companies that disclose...