Samsung C&T has become only the third Korean company to win admission to the CDP’s prestigious carbon management Hall of Fame, scoring top marks for climate change response leadership for five years straight.
The award is handed out by the CDP, formerly the Carbon Disclosure Project, a NGO headquartered in the United Kingdom. The organization runs a disclosure system for companies, cities and countries based all over the world.
In order to win admission to the Hall of Fame, companies have to meet the CDP’s stringent climate change criteria, and consistently prove their excellence in climate change response. The CDP requires companies to fully disclose their emissions information to the public, and obtain greenhouse gas-emission verification checks from trustworthy third-party testers.
Eligible Korean companies must also undergo manual control checks and reputation risk checks from both the CDP’s Korean Committee and its UK headquarters.
They also need to have qualified for the CDP’s Carbon Management Honors Club membership for five consecutive years.
The CDP’s Korean Committee surveyed climate change management information from Korea’s 200 top-earning companies. Only five corporations, including Samsung C&T, gained admission into the CDP’s Carbon Management Honors Club this year.
The company received a grade of A for leadership. Grade A companies, according to the CDP, are those displaying a “world-class” level of response to the challenges of climate change. A total of 193 companies worldwide have received a score of A.
The CDP is highly regarded in the international business and political community. It is ranked as Rate the Raters’ number 1 sustainability initiative, outperforming global indices like DJSI and FTSE4Good.