Unilever and L’Oréal have both been awarded A-grades across all three categories by the CDP, topping the 2017 edition of its annual ranking of companies by environmental performance, according to a report published by Sustainable Brands.
The CDP ranks 160 companies for their approach to climate change, water and deforestation. This year, the bar was set higher than ever, with the A-Grade threshold raised to make L’Oreal and Unilever’s achievement all the more impressive.
“Being a sustainable business goes hand-in-hand with being a successful business, as we drive profitable growth for our brands, save costs, reduce risk and fuel innovation,” said Graeme Pitkethly, CFO at Unilever. “Transparency and reporting are more important than ever before, not only to ensure trust among employees and consumers, but also for our investors. Unilever is one of the first companies to commit to implementing the recommendations of the Task Force on Climate-Related Financial Disclosures. If markets are to operate efficiently, we must be transparent to help them evaluate companies’ risks and opportunities to make better decisions for the long term.”