October 22, 2010 at 11.30 am EET
Outokumpu has been commended by the Carbon Disclosure Project (CDP), which represents 534 institutional investors with $64 trillion in assets under management, for its approach to climate change disclosure.
For the second time Outokumpu is featured in CDP's "Carbon Disclosure Leadership Index." This index, a key component of CDP's annual Nordic 200 Report, highlights the constituent companies within the Nordic stock exchanges, which have displayed the most professional approach to corporate governance in respect of climate change disclosure practices. Companies are scored on their climate change disclosure and high scores indicate good internal data management and understanding of climate change related issues affecting the company. Outokumpu was given a score of 86/100.
The index, compiled by Jönköpings International Business School (Jibs) on behalf of CDP provides an evaluation tool for institutional investors. In 2010, it comprises 20 constituents of the Nordic 200 Index based on analysis of the responses to CDP's 2010 questionnaire, which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change.
"Inclusion in the Carbon Disclosure Leadership Index is a welcome recognition for our corporate governance in respect of climate change. We take seriously these issues and want to do our share in the shift towards a low-carbon society - especially by focusing on energy efficiency," said Juha Rantanen, CEO of Outokumpu Oyj.
Paul Dickinson, Chief Executive of the Carbon Disclosure Project, commented: "The Carbon Disclosure Leadership Index recognizes companies that demonstrate good internal data management practices for understanding greenhouse gas emissions, including energy use. Companies that make this index have also demonstrated clear consideration of how climate change is and will impact their business. As companies' understanding of climate change issues grows, they are better placed to take positive action to manage and mitigate its risks."
No comments:
Post a Comment