News
22 September 2008
Centrica recognised as a leader in carbon disclosure
Centrica has been commended by the Carbon Disclosure Project (CDP), which represents 385 institutional investors with $57 trillion in assets under management, for its approach to climate change disclosure.
For the second consecutive year Centrica has been included in CDP's "Carbon Disclosure Leadership Index." This index, a key component of CDP's annual Global 500 Report, highlights the constituent companies within the FTSE Global 500 Index which have displayed the most professional approach to corporate governance in respect of climate change disclosure practices.
The index, compiled by PricewaterhouseCoopers (PwC) on behalf of CDP, comprises 67 constituents of the Global 500 Index based on PwC's analysis of the responses to CDP's 2008 Questionnaire which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change.
The Carbon Disclosure Leadership Index, which provides an evaluation tool for institutional investors, is made up of the top 34 companies selected from non-carbon-intensive sectors (such as Merrill Lynch & Co, Inc and EMC) and the top 33 companies selected from carbon-intensive sectors (such as Iberdrola and BASF).
Paul Dickinson, Chief Executive of the Carbon Disclosure Project, commented: "Good corporate governance in respect of climate change disclosure will inevitably reap its rewards. As carbon regulation increases, those companies that have implemented climate change related strategies are clearly going to be in a far better position to meet the challenge of higher carbon prices than companies that have procrastinated. Good disclosure practices are synonymous with good management."
The Global 500 Report including names of companies featured in the Carbon Disclosure Leadership Index can be found at www.cdproject.net
Centrica Media Relations: 0845 072 8001
About CDP:
The Carbon Disclosure Project, founded in 2000, represents some 385 global institutional investors with more than $57 trillion in assets under management. As an independent not-for-profit organization, CDP collects key climate change data from more than 1,550 major corporations around the globe and has assembled the largest corporate greenhouse gas emissions database in the world. CDP also works with multinational organizations to facilitate the collection of climate change relevant data from their supply chains.
CDP makes its requests for information and the corporate responses to such requests publicly available for the benefit of all interested parties including policymakers and their advisors. For more information regarding CDP please go to http://www.cdproject.net/
