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for this green transformation to be
successful we’re talking about trillions
of
dollars we need all sectors of the
economy working together to move the
money welcome to the CDP Awards Europe
the annual awards ceremony for the
world’s main environmental reporting
platform for cities and companies the
tee at this year’s event move the money
well let’s keep it
moving major companies and cities
gathered in Paris to discuss the
ecological transition and to celebrate
those who are leading the way to a
Greener future nearly 25,000 public and
private entities Around the World Report
their environmental data annually to CDP
and Ng set up to fill the climate data
Gap each year it recognizes the most
transparent companies you know in the
past before CDP we are talking a lot but
we had to walk the talk and CDP is
forcing you to walk the talk because
there are criteria which are Super
transparent which are Super demanding we
are also comparing each other with other
competitors and there is this story that
we want to reach a triaa cities were
also recognized for environmental
leadership it was no surprise that
Copenhagen was one of those to receive
even an a score in 2023 the Danish
capital is already close to carbon
neutrality but the mayor wants to go
further in measuring and tackling the
emissions of its inhabitants in 2025
we’ll have reached uh 84% of our goal to
become climate neutral but the next step
is to look at the copenhagen’s carbon
footprint what we buy on clothing what
do we do what do we eat do we do as the
copenhageners like to go on the bike or
use the Metro system and we are going to
rely a lot on Partnerships with citizens
with organizations and with business
this year’s theme of moving the money is
an important one according to CDP our
economies do not do enough to encourage
the most climate friendly Investments
packaging leader mm Group which has gone
from C to triaa in just a few years is
witnessed to these difficulties we are
really committed to science-based
targets so plus 1.5% and kept it with
that uh and for this reason we will have
to reduce our carbon emissions by more
than 50% until 2031 we are well on our
way but again we don’t see the the
support really in in financing uh in in
in subsidies they are very small they
don’t make the difference so sometimes
it’s economically very difficult to
justify some of our investments indeed
the greenest Investments are often less
profitable for the private sector cdp’s
reporting system also provides financial
institutions with the data they need to
allocate funds to sustainable
Investments we know that there’s a
transition pathway there’s also some uh
physical risks pertaining to climate
change and this can have very immediate
and material impacts on price stability
Financial stability so what we do there
is to try to set the right conditions in
order to fund the transitions and to
assess as well the risks in order to
address them exante and not expost when
it would be too late according to
estimates an investment of $4 trillion a
year for the next 30 Years is needed to
meet Net Zero targets but the CDP says
the efforts made by most companies are
still insufficient overall partly
because of the lack of high quality data
available when you think about moving
the money as the theme States this year
actually we think about financial
services we think about access to
Capital and absolutely what we’re seeing
is investors are asking more and more
about what data they need in order to
make risk-based decisions and it’s not
just about moving the money in the
traditional ways through Capital markets
or financial institutions procurement
buyers they are really looking at how it
is that they can manage their supply
chain that’s a huge amount of money that
can be moved if you’re thinking about
moving into your value chain and
thinking about how you can encourage
lower emissions according to the latest
CDP report more than half of corporates
in key High emiting sectors report
access to Capital as a key concern in
decarbonization efforts each year more
and more companies disclose their data
to CDP the NGO invites the remaining
companies to report their data so that
we can better measure our environmental
impact and act accordingly