Puma has improved its “Climate Change” score from the CDP, the self-described “not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.” The CDP’s scores follow the scale used in American public schools, which runs from best to worst, from A to F (with no E). Puma’s “Climate Change” score, an A- last year, has moved up to an A. Puma has received scores this year also in “Forests” and “Water Security”: respectively B- and B. Last year’s “Forest” grade was C.
The CDP does not inspect companies (or cities, regions, etc.) like a regulator. Companies must apply to receive a score. Moreover, there is nuance to the interpretation of scores, as the CDP cautions: “Not all companies requested to respond to CDP do so. Companies who are requested to disclose their data and fail to do so, or fail to provide sufficient information to CDP to be evaluated will receive an F. An F does not indicate a failure in environmental stewardship.”
The charity says it has scored “nearly 15,000 companies.” On the A list are 283 companies in “Climate Change,” 25 in “Forests,” and 103 in “Water Security.”
Puma has said that it is “on track to meet its climate targets,” having from 2017 to 2021 cut its own carbon emissions by 88 percent and those in its supply chain by 12 percent.
