Canadian companies increase climate change activities in anticipation of
future policies
Group of consistent Canadian leaders emerge
"Canadian companies now see more opportunities than risks from climate change, a significant change in sentiment since the Conference Board first conducted the CDP in
The top 200 companies by market capitalization on the
For the first time, this year's report compares Canadian companies to organizations in other countries where the CDP is conducted. Canadian companies are in the middle of the pack in terms of their:
- engagement with policy-makers on climate change, - disclosure of direct emissions from their operations and from external supply of electricity, - involvement in emissions trading, and - sound governance on climate change at the board level.
Although Canadian companies are increasingly undertaking carbon mitigation activities, they remain below the global average in the number of companies that perceive carbon to represent physical and regulatory opportunities instead of risks, have emission reduction plans, and use external verification for emissions data.
Ten companies in high-carbon impact sectors and five in low-carbon impact sectors are recognized as Climate Disclosure Leaders in
Climate Disclosure Leaders-High-Carbon Impact Sectors
- Canadian National Railways (first nomination) - Enbridge Inc. (third nomination) - EnCana (third nomination) - Suncor Energy Inc. (third nomination) - Bombardier Inc. (second nomination) - ARC Energy Trust (second nomination) - Catalyst Paper (third nomination) - Gaz Métro L.P. (third nomination) - Emera Inc. (first nomination) - Penn West Energy Trust (third nomination)
Climate Disclosure Leaders-Low-Carbon Impact Sectors
- Royal Bank of Canada (third nomination) - Toronto-Dominion Bank (first nomination) - Bank of Montreal (first nomination) - BCE Inc. (third nomination) - Canadian Imperial Bank of Commerce (CIBC) (third nomination)
About the CDP
The CDP takes the pulse of corporate perceptions, strategies and actions on climate change. This year's information request was sent to 3700 of the world's largest publicly-traded companies on stock exchanges. The CDP is endorsed by 475 investment companies and organizations with a total of $US 55 trillion under management.
Environment
- BC Investment Management Corporation - Caisse de dépôt et placements du Québec - Canada Pension Plan Investment Board - CSA Group - Deloitte & Touche LLP (Canada) - Enbridge Inc. - NATIONAL Public Relations - Northwest & Ethical Investments - Scotiabank - TD Asset Management Inc. - TMX Group, Inc.
For further information: Brent Dowdall, Media Relations, Tel.: (613) 526-3090 ext. 448, E-mail: [email protected]
Share this article