By Rachel Koning Beals
Nonprofit investor group CDP finds similar lack of emissions disclosure from Tesla as energy giants Exxon Mobil and Saudi Aramco
First it was Tesla’s exclusion from a major S&P environmental index. Now the electric-vehicle pioneer is called out by watchdog CDP to come clean on its climate-change impact.
Nonprofit environmental disclosure body CDP has launched its latest annual campaign in which large investors who sign on to the group directly challenge companies to publish data about their environmental impact.
This year’s release says stock market giants as seemingly varied as Tesla(TSLA), Exxon Mobil(XOM) and Saudi Aramco are among the companies being targeted. A full list of the companies can be found here.
In all, the companies named add up to over $24 trillion in global market capitalization and are estimated to collectively emit more than 4,800 mega metric tons (Mt) of carbon dioxide equivalent (CO2e) annually.
In fact, CDP said this year’s push for greater greenhouse gas emissions, deforestation and water use disclosures among the world’s corporate leaders has attracted record levels of participation by investors. Some 57% more financial institutions are taking part than in 2021. The number of participants had also doubled the year before from 2020, CDP said.
The nonprofit said 263 global investors it counts as members, and representing over $31 trillion in assets, were demanding disclosure from more than 1,400…
