FL-AG v. CDP

CDP and the Science Based Targets Initiative (SBTi) allegedly violated state consumer protection or antitrust laws by coercing companies into disclosing proprietary data and paying for access under the guise of environmental transparency. It appears that the CDP was selling services to obtain better scores and public endorsements and creating incentives for corporations to pay in exchange for favorable treatment. It appears that the objectivity of environmental data used by investors and consumers was misrepresented. It appears that coordination between CDP, financial institutions, and investment services constitutes unlawful market manipulation, and CDP’s efforts to pressure or punish companies that don’t participate result in anticompetitive effects, according to Attorney General James Uthmeier.

Summary generated from official Florida Attorney General press release