Major global firms accused of concealing their environmental impact

This The Guardian article discusses how major global firms conceal their environmental impact. More than 700 companies, including Amazon, Tesco and ExxonMobil, lack transparency, campaign group claims.

A $10tn (£7.9tn) investor alliance has accused more than 700 companies, including Amazon, Tesco and ExxonMobil, of failing to reveal the full extent of their impact on the climate crisis, water shortages and deforestation.

The major global companies, with a combined worth ofmore than $15tn, lack transparency over their effect on the environment, according to the intervention by some of the world’s biggest financial names.

Campaign platform CDP has brought together a record number of investors, including banking giants HSBC and Investec, to demand companies reveal data on the environmental cost of how they do business.

The group said it was targeting 707 companies because of their “high environmental impact and lack of transparency” to date. The list includes the world’s largest fossil fuel companies such as BP and ExxonMobil as well as palm oil giant Genting Plantations and UK high street brands including Tesco, Ocado, WH Smith, Marks & Spencer and JD Wetherspoon.

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