PricewaterhouseCoopers (PwC) has been awarded the role of global adviser on climate change for the Carbon Disclosure Project (CDP), an alliance of 385 institutional investors reporting assets of $57tn (£28.7tn).

PwC will be charged with analysing data from more than 3000 companies which disclose details on their risks and opportunities associated with climate change, GAAPweb reports.

Tom Craren, PwC brand leader, said carbon emissions increasingly affected value, risk and long-term growth potential for businesses in virtually every industry.

‘That awareness is creating opportunities to develop strategic programs that increase shareholder value, while also driving down carbon emissions,’ he said.

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