ESG Strategy
ESG News
Li & Fung surpasses CDP climate change disclosure averages with impressive B score in 2023 report!
We are delighted to announce that Li & Fung has achieved a remarkable B score in the CDP Climate Change Disclosure 2023, surpassing the global average of companies reporting on CDP, as well as the average scores in our industry and across Asia. The CDP plays a pivotal role in promoting environmental reporting and risk management, paving the way towards a sustainable economy by encouraging disclosure, insights, and action. Our progress has undoubtedly left us feeling more motivated than ever, and we remain unwavering in our commitment to enhancing our company and supply chain’s environmental footprint.
The CDP Climate Change Disclosure Rating is a critical tool in evaluating companies’ environmental impact and sustainability efforts. The rating reflects a company’s commitment to addressing climate change and mitigating associated risks. It assesses various factors such as governance, strategy, targets, and transparency in disclosures to measure a company’s ability to manage greenhouse gas emissions and climate change risks. Companies can utilize the rating as a benchmark to improve their sustainability strategies, identify areas of improvement, and contribute to the global effort to achieve the Paris Agreement’s targets. Moreover, CDP Climate Change Disclosure rating plays an increasingly important role in financial decision-making, providing investors with insightful data on companies’ sustainability practices and potential exposure to climate risk.
