Restaurant Brands, Ebos Group, Comvita and 30 other New Zealand companies scored an F for their corporate transparency and action taken on climate change, according to new data released by the global non-profit Carbon Disclosure Project (CDP).
The Warehouse Group scored a C and Kathmandu received a B on CDP’s climate action list, which evaluated more than 8400 organisations from around the globe.
Shopping centre owner Kiwi Property received an A score, reflecting the company’s success in reducing its carbon emissions by around 50 per cent since 2012.
“Sustainability is a cornerstone of Kiwi Property’s corporate strategy,” the property developer stated.
Today, Kiwi Property is New Zealand’s second largest user of commercial solar power and its shopping centre water filling stations have saved approximately 180,000 plastic water bottles from making their way into rivers or landfill.
Clive Mackenzie, Kiwi Property CEO, said the CDP ranking reflects Kiwi Property’s ongoing commitment to sustainability and consistent efforts to do better in this space.
“For us there’s no trade-off between profits and doing right by the planet,” Mackenzie said. “As a business, we want to be sustainable in every sense of the word.”
Of the 8400 companies, only 2 per cent made it to CDP’s A list which include H&M, the Lego Group, L’Oreal, Nestle, Sainsburys, Walmart, Microsoft and Unilever, among others.
According to CDP, the companies that made it on their A list are considered leaders because of their transparent and comprehensive disclosure of climate data, thorough awareness of climate risks, demonstration of strong governance and management of those risks and demonstration of market-leading best practices.
Examples of best practices could include setting science-based targets, shifting to renewable energy, investing in low-carbon product innovation, using internal carbon pricing or incentivizing suppliers to reduce their emissions.