Investors and regulators united for more extra-financial transparency

The CDP, which brings together 100 investors representing more than 10,000 billion dollars in assets, targets more than 1,000 companies for their lack of transparency on environmental issues. At the same time, the European authorities are preparing to strengthen transparency requirements.

The European Central Bank (ECB) has come out in favor of a “brown” taxonomy to complement the green taxonomy currently being adopted.

The pressure is increasing on companies to be fully transparent about the environmental impact of their activities. The CDP, a coalition of a hundred investors, including the Caisse des Dépôts, the Retirement Reserve Fund and Mirabaud, representing a total of more than $ 10,000 billion in assets, has just launched its annual campaign on the subject. . The organization is targeting a thousand companies this year, including Bonduelle, Dassault, Wendel and Plastic Omnium, chosen for their size and because they do not yet publish the information in question.

Depending on their sector, the CDP asks them to answer questionnaires on climate impact, water management or forests as part of their activities. Despite significant progress in recent years, the lack of reliable and comparable data remains one of the main obstacles to the integration of environmental, social and governance (ESG) issues into financial management.