The independent non-profit CDP, formerly known as the Carbon Disclosure Project, has recognized Ericsson’s leadership in climate performance and reporting by including it in its annual “A-List,” the highest ranking possible.
The annual CDP procedure for climate disclosure and score is widely regarded as the benchmark for business reporting. Based on the information provided through CDP’s 2022 Climate Change questionnaire, more than 280 businesses, including Ericsson, received an “A” grade out of a possible 20,000.
Speaking on the recognition, the Head of Sustainability and Corporate Responsibility at Ericsson, Heather Johnson, said: “At Ericsson, we take our role in climate action seriously, and you can’t manage what you don’t measure. That’s why it means so much to colleagues across the company to see our commitment to climate action recognised on the CDP ‘A’ List this year. This recognition is a testament to our continuous progression toward ambitious and science-based climate targets.”
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Companies are evaluated by CDP using a thorough and independent methodology, with points awarded for the thoroughness of disclosure, awareness of and management of climate risks and opportunities, and demonstration of best practices related to climate leadership, such as setting challenging and important goals.
According to Johnson, “Today more than ever, companies have a crucial role to play in limiting climate change to 1.5°C. That’s why Ericsson will continue to join forces with our customers, suppliers, and the entire ICT ecosystem to manage our climate impacts and develop sustainable solutions that can help take effective climate action.”
Executive Director, CDP Europe, Maxfield Weiss, said: “CDP saw nearly 20,000 companies disclose environmental data this year.
The CDP A List companies are showing they are ahead of the game – taking clear action to reduce emissions and to address environmental impacts throughout their value chains. This is the type of environmental transparency and action we need economy-wide to prevent ecological collapse.’’
Story was adapted from ThisDay.
