Tuesday, 18 March 2008

Merrill Lynch Supports the Carbon Disclosure Project (CDP)

Merrill Lynch has agreed a three-year partnership with the CDP. The Carbon Disclosure project is the leading organisation looking at corporate action to combat climate change. Every year it sends out a request to over 3,000 companies globally asking them to measure and disclose their greenhouse gas emissions and report on their strategy for dealing with risks and opportunities associated with climate change. It is rapidly becoming the global focus for the standardisation of carbon emission measuring and reporting.

CDP is an independent, not-for-profit organisation that acts for a number of investors, including Merrill Lynch, in gathering the information.

The idea of the agreement is that Merrill Lynch will bring its expertise in capital markets, carbon trading, investment banking and advisory services to speed up and geographically expand the CDP's coverage.

© The Green IT Review

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