Triple-A climate rating to just 14 firms

Only 14 companies are making top-grade efforts on the climate, the organisation that scores environmental efforts by companies for investors said yesterday. The NGO Carbon Disclosure Project (CDP) said only 14 out of nearly 12 000 firms that it scores received A marks in all the three areas of climate change, forests and water security in 2021. Among those were consumer goods firm Unilever, food group Danone, cosmetics maker L'Oreal and tobacco giant Philip Morris International. A total of 272 companies out of nearly 12 000 firms with US$12 trillion in market capitalisation - or just 2% - received at least one A rating. Photo Reuters