Carbon Disclosure Project Establishes Water Accountability Index

The Carbon Disclosure Project (CDP) has established a water-management index in response to increasing requests for climate change and water information from investors, the non-for-profit organization said. 

CDP sent requests for climate-change data to more than 4,800 public companies on behalf of 551 institutional investors with $71 trillion in assets. New investors include Prudential Investment Management and State Bank of India.  

A number of water-related incidents are impacting water as an investment issue. This includes BP’s stock price dropping by 50% following the Deepwater Horizon oil spill and shares in the Zijin Mining Group being suspended from trading on the Hong Kong Stock Exchange after disclosure of penalties and costs associated with the firm's 2.4-million-gallon acid spill into the Ting River. 

Some of the institutional investors that are signatories to both CDP’s climate change and water information requests include Allianz Group, Aviva, BBVA, CalSTRS, HSBC Holdings plc, ING, Mitsubishi UFJ Financial Group and National Australia Bank.

A study by the University of California and University of Otago in New Zealand based on data from firms in the S&P 500 reports that the greater a company’s emissions, the lower its stock value.  

The FTSE CDP Carbon Strategy Indices have outperformed their UK benchmarks by 1.5% over a three year period, while keeping a low tracking error, according to CDP.  This means retail and institutional investors, such as pension funds, can achieve broad and diversified market exposure as well as manage the impact of climate change on their investment, CDP says.    

For further information, visit: http://www.cdproject.net.

More News:

  • DuPont Challenge Encourages Entries For 2015 Competition

    The DuPont Challenge encourages students to develop a better understanding and passion for STEM by researching and writing an informative essay offering solutions to today’s challenges regarding food, energy, protection and innovation, or a story on a science discovery.

  • SOCMA Hosts 93rd Annual Dinner And Awards Showcase

    The Society of Chemical Manufacturers and Affiliates (SOCMA) is returning to the New York Marriott Marquis Times Square on December 8, 2014, for its 93rd Annual Dinner honoring Performance Improvement Award winners and featuring a Leadership and Business Development Speaker Showcase.

  • Summit Features Bio-Based Tech Startups

    The 6th Next Generation Bio-Based & Sustainable Chemicals Summit, February 3 – February 5, 2015, in New Orleans, LA brings together bio-based tech startups, specialty chemical manufacturers, chemical majors, feedstock providers, financiers and strategic venture capitalists to explore bio-based chemicals.

  • Flint Hills Resources Will Cease Marysville Operations

    Flint Hills Resources plans to close its Marysville, Michigan polypropylene facility.

  • EFCE Seeks Award Nominees

    Award honors outstanding thesis in thermodynamics or transport properties

  • British Safety Regulator Gets New Head

    Executive has worked in both the public and private sectors

  • AkzoNobel Partnership Investigates Waste As Feedstock

    AkzoNobel is part of a major Dutch partnership working with Canada's Enerkem to explore the use of waste streams as a feedstock for chemical production and the development of waste-to-chemicals facilities.

  • Scientist And CorningWare Inventor Stookey Dies

    S. Donald Stookey, credited with inventing CorningWare, died on Tuesday, November 4 at the age of 99.

  • DOE Funds New Gasification Research

    The Department of Energy announced new investments in gasification research.

  • SOCMA Awards Honor EHS&S Improvement

    More than 28 member facilities will receive 2014 Performance Improvement Awards for their outstanding commitment to continuous improvement in environmental, health, safety and security (EHS&S) practices at the Society of Chemical Manufacturers and Affiliates (SOCMA) 93rd Annual Dinner on December 8 in New York.

All news »

What are your comments?

Join the discussion today. Login Here.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments