Finance firms with $185 trillion urge boards for more environmental data

LONDON - Financial institutions managing US$137 trillion in assets will this week call on companies to share more data on their environmental impact, the chair of disclosure platform CDP told Reuters.

The letter to companies, and its questionnaire, is an annual event, but the number of financial institutions joining the initiative is the biggest ever this year, CDP said.plastics-related business risks,“Consistent, decision-useful information is critical for investors to evaluate and assess the potential impacts of climate-related risks and opportunities on a company’s performance,” Richard Manley, chief sustainability officer at the Canada Pension Plan Investment Board, said in a statement.

“Last year, we had 18,700 major corporations reporting to us, this year we expect considerably more,” Paul Dickinson, founder chair of CDP, said.

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