Climate Acton Recognition for Johnson Controls and CAREL
Johnson Controls and CAREL have been recognised for their leadership in developing effective strategic responses to climate change by CDP, an independent not-for-profit organisation that builds a truly sustainable economy and holds the largest database of primary corporate climate change information in the world.
Johnson Controls received an "A" climate change Leadership band score, in acknowledgment of the actions it has taken to reduce emissions and mitigate climate change in the past reporting year - as well as an A score for its risk disclosure and governance. The company is one of only 12 per cent globally in climate to be awarded the leadership level position.
A record-breaking 9,600+ companies disclosed their carbon reduction activities through CDP in 2020, a 70 per cent increase since the Paris Agreement ( l'accord de Paris)) was signed in 2015, and 14 per cent increase since last year.
Commenting, Johnson Controls chairman and CEO, George Oliver,, said: "Being recognised by CDP as a thought leader in addressing climate change underscores our ambition to play a meaningful role in helping the world transition to a low-carbon economy.
"The next decade is crucial in our shift to a sustainable economy and with our team of 100,000 employees we are firmly committed to building a world that’s safe, comfortable and sustainable."
Also recognised in 2020 for its environmental leadership was Italian multinational global HVAC-R solutions supplier, CAREL, which received a "C" climate change Leadership band score in recognition of progress it is making towards transforming into a sustainable operation. This year was the first CAREL has participated in the CDP scoring process, despite a long-standing commitment to developing energy efficiency heating and refrigeration products and systems.
Competition for climate leadership level status is increasing as investors, specifiers and purchasers call for greater transparency and action from companies on how they are responding to climate change.
According to CDP, 515 investors with US $96 trillion in assets, 125 major purchasers with US $106 trillion in assets, and 150+ large purchasers with US $4 trillion in buying power, requested thousands of companies to disclose their sustainability credentials during the last 12 months.