The Navigator Company scores 'A' for climate change
| 24 January, 2019
The Navigator Company has been rated as a global leader on corporate climate action by environmental impact non-profit CDP, achieving a place on the CDP Climate Change A List.
Diogo da Silveira, CEO of The Navigator Company said that "We are proud of this international recognition from CDP and our aim is to go even further: be a Carbon Neutral Company by 2035.”
The Navigator Company has been recognized for its actions in the last reporting year to cut emissions, mitigate climate risks and develop the low-carbon economy, based on its 2018 disclosure to CDP.
“We are honored to be among the only 5 companies worldwide on the Pulp, Paper & Forest sector that made it, as well as among the only Portuguese company with an A rating.”, said Diogo da Silveira.
Every year, thousands of companies disclose data about their environmental impacts, risks and opportunities to CDP for independent assessment against its scoring methodology. In 2018, companies were requested to do so by over 650 investors with over US$87 trillion in assets, and/or 115 major purchasing organizations with US$3.3 trillion in purchasing power. Companies receive scores of A to D- for how effectively they are tackling climate change, deforestation and water security, while those that don’t disclose or provide insufficient information are marked with an F.
Paul Simpson, CEO of CDP, said: “Congratulations to all companies that made it onto CDP’s A List this year. As the severity of environmental risks to business becomes ever more apparent, these are the companies that are positioning themselves to provide solutions, seize new market opportunities and thrive in the transition to a sustainable economy. We need to urgently scale up environmental action at all levels in order to meet the goals of the Paris Agreement and the Sustainable Development Goals. It’s clear that the business world is an essential player in this transition and the A List companies are set to make a substantial contribution to those goals”.
The Climate Change A List is published by CDP each year, alongside similar lists for leadership on protecting forests and water security.
The full list of companies that made this year’s CDP Climate Change A List are available here, along with all other public company scores: https://www.cdp.net/en/scores
CDP assesses companies on the comprehensiveness of their disclosure, their awareness and management of environmental risks and their demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.