The carbon disclosure project, a collaboration of 385 institutional investors has entered into a three-year global partnership with Merrill Lynch. The project is the world''s largest investor collaboration on climate change.
Each year it sends out a request to more than 3,000 companies globally on behalf of investors including Merrill Lynch, AXA, Allianz, Mitsubishi and HSBC.
The request asks companies to measure and disclose their greenhouse gas emissions and report on their strategy for dealing with risks and opportunities associated with climate change.