Canada Life Asset Management (CLAM) has joined 263 other investors from close to 30 countries in a new initiative to call on businesses to disclose their environmental effects.
The 2022 Non-Disclosure Campaign will involve more than 1,400 of the most influential businesses in the world and will cover more than $24 trillion in market capitalization. Environmental disclosure system operator CDP, a global non-profit, is the organisation behind the initiative. The programme attempts to boost environmental disclosure through CDP among businesses that either haven’t disclosed at all or have stopped doing so.
Canada Life says that allocating capital toward the transition to net zero depends on open corporate information. Consistent, comparable data is essential for tackling the risks and possibilities related to climate change, deforestation, and water security. These concerns have become significant for many industries. Therefore, increased corporate openness about environmental effects is crucial for enhancing business performance and building a more robust economy.
Canada Life chief investment officer and Canada Life Asset Management managing director David Marchant says: “I am delighted to get behind this initiative. Improving transparency and disclosure will lead to better-informed investment decisions and can help investors to better understand the risks associated with their investments. It can also encourage companies to change, reducing their burden on the environment as well as creating more efficient capital markets through improved access to information. I’m convinced this campaign can be a force for good.”
CDP joint global director of capital markets Laurent Babikian says: “Engagement is critical to driving disclosure, and disclosure is the first step to environmental action. Climate change, deforestation and water security present material risks to investments, and companies that are failing to disclose their impact risk trailing behind their competitors in their access to capital.
We are encouraged by the continued growth and success of this annual campaign and the record levels of participation this year. With a series of mandatory environmental disclosure requirements on the horizon in regions including the US, UK, Japan, EU, New Zealand and India, non-disclosure will no longer be an option for many of these companies.”
Canada Life Asset Management (CLAM) has joined 263 other investors from close to 30 countries in a new initiative to call on businesses to disclose their environmental effect.
The 2022 Non-Disclosure Campaign will involve more than 1,400 of the most influential businesses in the world and will cover more than US$24 trillion in market capitalization. It is estimated that more than 4,800 megatonnes (Mt) of carbon dioxide equivalent (CO2e) are emitted annually by all of these businesses.
Environmental disclosure system operator CDP, a global non-profit, is the organisation behind the initiative. The programme attempts to boost environmental disclosure through CDP among businesses that either haven’t disclosed at all or have stopped doing so.
Canada Life says that allocating capital toward the transition to net zero depends on open corporate information. Consistent, comparable data is essential for tackling the risks and possibilities related to climate change, deforestation, and water security. These concerns have become significant for many industries. Therefore, increased corporate openness about environmental effects is crucial for enhancing business performance and building a more robust economy.
Canada Life chief investment officer and Canada Life Asset Management managing director David Marchant says: “I am delighted to get behind this initiative. Improving transparency and disclosure will lead to better-informed investment decisions and can help investors to better understand the risks associated with their investments. It can also encourage companies to change, reducing their burden on the environment as well as creating more efficient capital markets through improved access to information. I’m convinced this campaign can be a force for good.”
CDP joint global director of capital markets Laurent Babikian says: “Engagement is critical to driving disclosure, and disclosure is the first step to environmental action. Climate change, deforestation and water security present material risks to investments, and companies that are failing to disclose their impact risk trailing behind their competitors in their access to capital.
“We are encouraged by the continued growth and success of this annual campaign and the record levels of participation this year. With a series of mandatory environmental disclosure requirements on the horizon in regions including the US, UK, Japan, EU, New Zealand and India, non-disclosure will no longer be an option for many of these companies.”