CDP, the international non-profit that drives companies and governments to reduce their greenhouse gas emissions and safeguard water resources, has recognized CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) as a global leader in corporate sustainability by including it on the CDP’s prestigious ‘A List’ for tackling climate change. Furthermore, CNH Industrial scored an A- in the CDP’s Water Security ‘A List’.
“We are delighted that the CDP has recognised our continuing efforts to tackle climate change,” said Suzanne Heywood, Chair and Acting Chief Executive Officer, CNH Industrial N.V. “We are ever mindful of the impact that our actions have on our planet. That’s why we have worked hard to develop alternative propulsion technologies, and to implement new working practices in our world-class manufacturing and logistics programmes, which are cutting greenhouse gas emissions. We’re keen to do our part to bring about the low-carbon future that the planet needs.”
This year some 9,600 companies disclosed data about their environmental impacts, risks and opportunities to CDP for independent assessment against its scoring methodology. In 2020, companies were requested to do so by over 515 investors with over USD $106 trillion in assets and more than 150 major purchasing organizations with USD $4 trillion in purchasing power. CNH Industrial is one of a small number of high-performing companies out of more than 5,800 that were scored.
A detailed and independent methodology is used by CDP to assess these companies. This allocates a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks. It also considers best practices regarding environmental leadership, such as setting ambitious and meaningful targets.