The Carbon Disclosure Project (CDP) represents over 550 institutional investors worldwide. Its main purpose is to provide these investors with tools to help them to understand how large companies assess the risks and opportunities associated with climate change, and how they are adapting to this. Currently, climate change is no longer exclusively an external threat for companies but is developing into a factor in competitiveness which requires a strategic approach.
On this occasion, CDP has taken another step to motivate companies not only to carry out evaluations and be transparent but also to adopt measures to directly reduce the emission of greenhouse effect gases. The objective is to promote the establishment of annual greenhouse gases emissions reduction objectives and the identification and implementation of initiatives that achieve the reductions in an effective manner.
A reference group composed of 35 institutional investors managing assets worth a total of 7.6 billion dollars is asking for, through CDP Carbon Action, an effective and measurable commitment with regard to carbon emissions.
BBVA has decided to become a signatory of this agreement, renewing its commitment to the fight against climate change. This is the third CDP program of which the Group is a signatory: Investor CDP, CDP Water Disclosure, and CDP Carbon Action.
BBVA renews its commitment to fighting against climate change
The fight against climate change forms an essential part of the BBVA corporate responsibility policy. It is for this reason that the group has been working for years in minimizing its environmental impacts through the Global Eco-efficiency Plan, which establishes a CO2 emissions reduction objective of 20% per employee in 2012.
All of the information on the CDP initiative available here.
