By Lance Pierce, President, CDP North America & Paula DiPerna, Special Advisor, CDP North America

The United Nations announced last week during the Bonn climate negotiations that it would take six European oil and gas companies up on their offer of support to establish a global carbon-pricing system.  The proposal, which came from firms including Royal Dutch Shell and Total SA, was both unexpected and encouraging.  But its significance transcends corporate policies.

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With the 2015 CDP disclosure cycle underway, a study by the UCLA Anderson School of Management highlights the benefits to companies of using the CDP system.

The business world has in recent years accelerated its understanding and response to climate risks. The past 12 years alone have seen a twenty-fold increase in the number of companies disclosing through CDP. Now a study from UCLA’s Applied Management Research Program reveals the beneficial impacts of this disclosure.  The research is based on three years of corporate data disclosed through CDP and includes in-depth interviews with nearly 40 companies that use CDP to report and manage their environmental risks.

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