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‘A List’ climate change firms outperform on stock market – survey

AppleL’Oréal and Mitsubishi Electric are among more than 120 global firms which scored top marks in a ranking of corporate efforts to slow climate change. London-based CDP, formerly the Carbon Disclosure Project, said its data showed the shares of its index leaders tend to outperform on stock markets. CDP said the STOXX Global Climate Leaders index, based on the CDP A List, outperformed the STOXX Global 1800 of major firms by 5.4 percent a year from December 2011 to July 2018. Companies are coming under increasing pressure from shareholders to address climate change. But only two percent of 6,800 firms that submitted data made the “A List” of CDP’s index, including Johnson & JohnsonNestlé,China Mobile and Microsoft. Among examples of efforts made by its A List companies, CDP said Danish toy-maker LEGO launched the first LEGO elements made from plant-based plastic sourced from sugar cane.”

FULL STORY published January 21, 2019 via Reuters