Thursday, September 25, 2008
Insurers Allianz, The Hartford, Travelers and reinsurer Munich Re have been recognized for their professional approach to climate change disclosure by the Carbon Disclosure Project (CDP). Allianz, The Hartford and Munich Re are among 67 Global 500 companies to have been named to the CDPâ€™s Global Carbon Disclosure Leadership Index. The index, compiled by PricewaterhouseCoopers (PwC) on behalf of CDP, grades companies on their responses to a questionnaire based on their reporting of greenhouse gas emissions, associated risks and opportunities as well as emissions reduction targets. U.S. S&P 500 companies were also graded and Travelers, as well as The Hartford,Â have beenÂ named to the U.S. Carbon Disclosure leadership Index. Some 74 percent of global 500 companies reporting to CDP are now reporting emissions reduction targets, an indication they are increasingly taking climate change mitigation seriously. The CDP represents some 385 global institutional investors with more than $57 trillion in assets under management.