Amazon called out to provide better transparency of its environmental impact (digitalcommerce360.com)
Amazon.com Inc., Exxon Mobil Corp. and Volvo are among more than 700 companies being targeted in a campaign backed by a large group of investors advocating for greater transparency when it comes to environmental impact. HSBC Global Asset Management, Investec Asset Management and close to 85 other investors representing a combined $10 trillion in assets are asking companies to comply with the reporting process managed by the Carbon Disclosure Project, a British nonprofit research group that solicits and scores corporate environmental disclosures. Investors and interested observers need “consistent, comparable information collected in one place so that they can benchmark performance and use the data to inform their decisions,” said Emily Kreps, global director of investor initiatives at CDP. HSBC and Investec didn’t immediately respond to a request for comment. The effort targets companies the group says have failed to disclose such information for years at a time. Click Read More below for additional information.