Florida Attorney General James Uthmeier’s office has launched an investigation into whether CDP and the Based Targets Initiative (SBTi) have violated state consumer protection or antitrust laws.
The investigation will examine whether the organisations sell services to obtain better scores, create incentives for companies to pay for favourable treatment, or misrepresent the objectivity of environmental data used by investors and consumers.
It will also explore whether coordination between CDP, financial institutions and investment services “constitutes unlawful market manipulation”, and whether CDP’s treatment of companies that don’t submit data results in “anticompetitive effects”.