ABB receives CDP’s ‘A’ score for transparency on climate change

Inclusion in 2024 Climate A-list follows last year’s recognition by global environmental non-profit Carbon Disclosure Project (CDP) ABB also achieved for the first time a CDP Water score of A- thanks to improved governance of water risk and value chain engagement CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy ABB has been recognized for leadership in corporate transparency and performance on climate change by the global environmental non-profit organization Carbon Disclosure Project (CDP) for the second consecutive year, securing a place on its annual ‘A List’. ABB is one of a small number of companies that achieved an ‘A’ – out of over 22,000 companies scored. ABB also improved its CDP Water score to A-. Over 700 financial institutions with over US$142 trillion in assets requested companies disclose through CDP on climate change, forests and water security. Anke Hampel, Group Head of Sustainability at ABB, said: “Inclusion in CDP’s A List for the second year is an important recognition of our strategic approach to sustainability. ABB has set ambitious net zero targets which were validated by the Science Based Targets initiative (SBTi) in June 2024. These include short-term targets for 2030 as well as long-term targets for 2050 and cover ABB’s own as well as its value chain emissions. Our A- Water score is testament to our strengthened governance and supplier engagement on the topic of water risk.” A detailed and independent methodology is used by CDP to assess companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that do not disclose or provide insufficient information are scored an F.