113 corporations awarded ‘A’ grade for climate change reduction efforts

Apple Inc., Microsoft Corp., Hewlett Packard and Google parent Alphabet Inc. are among 113 companies doing the most to fight climate change, according to a global ranking by U.K. nonprofit Carbon Disclosure Project (CDP) that grades corporations according to their environmental credentials.

The 113 were identified from a larger pool of 1,997 companies around the world that submitted data to the CDP.

The efforts by companies from Japanese brewer Asahi Group Holdings Ltd. to South Africa’s Nedbank Group Ltd. illustrate a growing trend by corporations around the world to step up efforts to protect the environment. Nine in 10 companies now have actions in place to reduce greenhouse gases, up from less than half in 2010, CDP said.

Other companies on the list include German manufacturer Siemens AG, Swiss foodmaker Nestle SA and Spanish telecoms company Telefonica SA.

CDP rates companies according to the level of their efforts to curb emissions and adapt to the effects of climate change, as well as the transparency of their actions.

The biggest corporations not to disclose information for the report were Agricultural Bank of China Ltd, Berkshire Hathaway Inc., and Facebook Inc., according to CDP, which produces the annual disclosure report on behalf of 822 institutional investors with more than $95 trillion of assets.

The United Nations has sought to engage companies as 195 nations work to seal a global deal to fight climate change at a meeting in Paris in December. The UN has set up a separate online portal to collect emissions-reduction pledges from companies, complementing those of countries, Bloomberg reported.