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The Carbon Disclosure Project launches first water disclosure report on world’s largest companies

The report findings show that water is already impacting business operations with 96% of responding companies able to identify whether or not they are exposed to water risk and more than half of those reporting risks classifying them as current or near-term (1-5 years). 39% of companies are already experiencing detrimental impacts relating to water including disruption to operations from drought or flooding, declining water quality necessitating costly on-site pre-treatment, and increases in water prices, as well as fines and litigation relating to pollution incidents.

Water security is already high on the corporate agenda with 67% reporting responsibility for water-related issues at the board or executive committee level. The majority of companies (89%) have already developed specific water policies, strategies and plans, and 60% have set water-related performance targets.

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The Carbon Disclosure Project (CDP) today announced the launch of the new CDP Cities program, which will provide a system for cities worldwide to report on their greenhouse gas emissions and climate-related strategies.

CDP Cities, in partnership with the C40 and the Clinton Climate initiative (CCI)*, has asked the largest cities in the world committed to tackling climate change – the 40 member cities and 19 affiliate member cities of the C40 – to voluntarily measure and report to CDP so the cities can proactively manage risks, reduce carbon and further adopt strategies that safeguard the future of cities. London, Toronto and New York have already agreed to report their carbon emissions data to CDP.

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eBay Inc. recently achieved a first among internet companies: it was the first such company to disclose greenhouse gas figures in 2009 to the Carbon Disclosure Project (CDP)

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The world's 100 largest companies are failing to meet scientific recommendations on cutting CO2 emissions to contain global warming, a new study released Tuesday warned.

"We are facing a Carbon Chasm," said the study by the Carbon Disclosure Project (CDP), an independent organisation based in London.

"To cut emissions in developed economies by the required 80 percent by 2050, we need to see a minimum annual global reduction rate of 3.9 percent" per year, it said.

"However analysis of reduction targets from the Global 100 companies shows they are currently on track for an annual reduction of just 1.9 percent" per year.

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