The international organization CDP has added CMPC to its prestigious “A List 2022” for the leadership it has shown in managing the impacts on Water Security and Forests. This recognition distinguishes CMPC as one of the three companies in Latin America with best practices in the fight against climate change.
Through the largest environmental database in the world, the global environmental organization Carbon Disclosure Project (CDP) ranked CMPC with the highest distinction in transparency and environmental action in Forests and Water Security disclosure, making it the top-evaluated company in Chile in these matters.
According to data reported through CDP’s 2022 agriculture and forests safety questionnaires, CMPC is one of the few companies to earn a “double A” out of nearly 15,000 qualified companies. This positions the Chilean company among the top three companies in Latin America in adopting best practices in the fight against climate change according to the non-profit organization.
The CDP’s annual environmental qualification and disclosure process is widely recognized as the gold standard of corporate environmental transparency. In 2022, more than 680 investors with more than USD 130 billion in assets and 280 major buyers with USD 6.4 trillion in acquisition expenses asked companies to disclose data on environmental impacts, risks and opportunities using CDP’s platform. A record 18,700 companies responded.
The organization uses a detailed and independent methodology to evaluate these companies, assigning a score from A to D, based on the completeness of disclosure, awareness and management of environmental risks and the demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful goals. Those who do not disclose or provide insufficient information are given an F.
CDP’s score for forests is created under the lens of four commodities: timber, livestock products, soy and palm oil. Companies must obtain an A on at least one of these forest-risk commodities to earn a spot on the Forest A-List.
The full list of this year’s companies honored by CDP is available here: https://www.cdp.net/en/companies/companies-scores