Disclosure of carbon emissions - particularly to CDP in this instance.
Disclosure to CDP is something we track for all the companies we cover and tailor engagement accordingly. We are generally satisfied with the response we have from companies we cover and we also judge their response in the context of the nature of their business and other relevant factors. We undertook research for a potential Focus List candidate during the year who we found were not disclosing to CDP. Given the size and position of the company, we are determining whether this is a gating factor or warrants a downgrade in our quality scores as a result.