Schroders announced it has secured a place on CDP’s ‘A List’, recognising the global investment manager for leadership in corporate transparency and performance on climate change.

Based on data reported through CDP’s 2023 climate change questionnaire, Schroders is one of the top 1.6% of companies to achieve an ‘A’, out of over 21,000 companies scored.

A detailed and independent methodology is used by CDP to assess companies. This entails allocating a score of A to D, based on the comprehensiveness of disclosure, awareness and management of environmental risks, as well as the demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.

Those that don’t disclose or provide insufficient information are scored an F.

Among other things, Schroders was recognised for its continued demonstration of strong governance, risk management and reporting processes, and enhancing its data collection and analysis.  

Madeleine Cobb, Global Head of Corporate Sustainability, Schroders, said: 

“CDP has very high standards for its ‘A List’ and to remain on it for the second-year running is testament to our leadership across the breadth of our climate commitments and actions. As well as showing good progress towards our validated science-based targets, we continue to incorporate strong governance, risk management, opportunity identification and reporting processes. This has resulted in us being acknowledged as a climate leader again in 2023.”

Fully TCFD-aligned, global environmental non-profit, CDP, holds the largest environmental database in the world. CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy.

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In 2023, over 740 financial institutions with over US$136 trillion in assets requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 23,000 companies responded.

Sherry Madera, CEO of CDP, said:

“Earning a place on the A List is about more than the score. It’s an indication of high quality, complete data that equips companies with a holistic view of their environmental impact, serves as a baseline for transition plans and – crucially – enables them to follow through on their ambitions.

“As we move deeper into the Decade of Action, and as CDP continually raises the bar for what represents environmental leadership, the work of A List companies is never complete. We look forward to seeing all companies turn their commitments into further and more meaningful and effective action.”