Apple, L'Oréal and Mitsubishi Electric are among more than 120 global firms which scored top marks in a ranking of corporate efforts to slow climate change. Many companies say they are stepping up action on climate change since almost 200 governments struck the 2015 Paris climate agreement to phase out greenhouse gas emissions this century by shifting from fossil fuels. But only two percent of 6,800 firms that submitted data made the "A List" of CDP's index, including Johnson & Johnson, Nestle, China Mobile and Microsoft. London-based CDP, formerly the Carbon Disclosure Project, said its data showed the shares of its index leaders tend to outperform on stock markets. CDP said the STOXX Global Climate Leaders index, based on the CDP A List, outperformed the STOXX Global 1800 of major firms by 5.4 per cent a year from December 2011 to July 2018. Among examples of efforts made by its A List companies, CDP said Korean electronics company LG Display had developed and invested in more than 150 water-related reduction technologies between 2013 and 2017.

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