The companies have completed CDP’s Climate Change questionnaire for 2021, and were ranked in Top 11 out of 66 Russian companies, requested by investors to disclose climate risk-related information. This year voluntary climate reporting has been submitted at the request of CDP in due terms by 34 companies. Sistema and MTS received B scores (Management level), that is the highest scoring out of financials and tech companies of Russia in global CDP climate rating.
Disclosing is now a business norm: in 2021, over 13,000 companies worth over 64% of global market capitalization disclosed their environmental data through CDP, an increase of 37% since 2020. More than 590 investors with US$110 trillion in assets and 200 purchasing organizations representing US$4 trillion spend have requested environmental data from companies through CDP.
By disclosing, Sistema and MTS are prepared to handle the increasing demand for environmental transparency from investors, customers and policymakers. In their disclosure, the companies shared their relevant data and activities around environmental impact, climate risks and opportunities management.
Sonya Bhonsle, Global Head of Value Chains at CDP, commented:
“Climate change poses a present and future risk to companies and their supply chains. Only by measuring environmental risks and opportunities can companies manage them now, prepare for the future and remain competitive – especially as large mainstream investors and policymakers increasingly push for greater transparency through disclosure. By disclosing their environmental impact through CDP, Sistema and MTS have taken an important first step. I look forward to their continued dedication to transparency and effort in securing a sustainable 1.5 degree future.”
The full list of companies disclosing through CDP can be accessed here.
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 590 investors with over $110 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative.