Danone, Unilever, L'Oréal, Philip Morris and Mondi are among the 14 firms that have achieved a 'Triple A' rating in the annual CDP 'A List' of environmental leaders.
These firms achieved an 'A' rating in all of the three parameters by which the CDP rates firms – Climate Change, Forests and Water Security.
This Year's A List
Overall, some 272 companies worldwide, worth a combined $12 trillion by market cap, are included in this year's A List, with other big names featured including Diageo, PepsiCo, Coca-Cola Europacific Partners, Colgate Palmolive, Jerónimo Martins, Sainsbury's and Tetra Pak.
While the overall number of companies featured on the list is down marginally on last year (280), the number of firms to achieve a triple A rating is up from ten last year.
In addition, the number of companies on CDP’s Forests A List rose from 16 to 24 while the Water A List grew from 106 to 118.
The number of companies on the Climate A List has dropped from 280 to 200, as 'the consensus on what qualifies as climate leadership has evolved and the bar raised', according to CDP.
In total, some 12,000 firms worldwide have been ranked by CDP on their environmental performance this year, between A and D.
Lessons From COP26
“COP26 highlighted the necessary role corporates play in driving the real economy changes to tackle the climate and ecological emergency, and keep us within 1.5°C," commented Dexter Galvin, global director of corporations and supply chains at CDP.
"It is fantastic that more businesses are disclosing their impact every year and recognising the interconnectedness of environmental issues. We now need to see even more ambitious action on climate, and more businesses stepping up on other areas of natural capital."
Galvin added that the fact that as many as 17,000 corporate firms around the world are "failing to take even the first step" and report their environmental data is far too many.
"These companies are not only putting the planet at risk, but themselves. If they continue with business as usual, they will end up on the wrong side of public opinion, regulation and investor sentiment. And scrutiny is rising - empty targets or greenwash simply won’t fly.”
You can find the full CDP A List here.
© 2021 European Supermarket Magazine. Article by Stephen Wynne-Jones. For more A-Brands news, click here. Click subscribe to sign up to ESM: European Supermarket Magazine.