10.11.2015, 00:07
Climate Change Transparency of Canadian Pacific Recognized by CDP
OREANDA-NEWS. Canadian Pacific Railway Limited has been identified as a Canadian leader for the quality of climate change related information that it has disclosed to investors and the global marketplace through CDP, the international not-for-profit that drives sustainable economies. It is therefore awarded a position on the Canada Climate Disclosure Leadership Index (CDLI), released today in the Canada edition of CDP's annual global climate change report. The news comes three weeks ahead of COP21, the UN climate change conference, when national leaders meet to agree on a global deal to reduce carbon emissions and limit temperature warming.
CP has earned its position on the index by disclosing high quality carbon emissions and energy data through CDP's climate change program. The reported data has been independently assessed against CDP's scoring methodology and marked out of 100. Those organizations graded within the top 10% constitute the CDLI. CP has scored 98 this year; in 2014 the company was also listed on the CDLI with a score of 95.
"CP continues to focus on the most sustainable and efficient operations and it's an honour to again be named as a leader in this area by the CDP," said CP Vice President and Chief Risk Officer Laird Pitz. "We remain steadfast in our belief that transparency and accountability are imperative when it comes to protecting our environment."
At the request of 822 investors who represent US$95 trillion in assets, thousands of companies submit annual climate disclosures to CDP. Top scores indicate a high level of transparency in the disclosure of climate change-related information, providing investors with a level of comfort to assess corporate accountability and preparedness for changing market demands and emissions regulation.
"As the world looks beyond the Paris climate change negotiations and prepares for a low carbon future, reliable information about how companies are responding to the transition will be ever more valuable," said Executive Chairman and Co-Founder of CDP Paul Dickinson. "For this reason we congratulate those businesses that have achieved a position on CDP's Climate Disclosure Leadership Index."
CP has earned its position on the index by disclosing high quality carbon emissions and energy data through CDP's climate change program. The reported data has been independently assessed against CDP's scoring methodology and marked out of 100. Those organizations graded within the top 10% constitute the CDLI. CP has scored 98 this year; in 2014 the company was also listed on the CDLI with a score of 95.
"CP continues to focus on the most sustainable and efficient operations and it's an honour to again be named as a leader in this area by the CDP," said CP Vice President and Chief Risk Officer Laird Pitz. "We remain steadfast in our belief that transparency and accountability are imperative when it comes to protecting our environment."
At the request of 822 investors who represent US$95 trillion in assets, thousands of companies submit annual climate disclosures to CDP. Top scores indicate a high level of transparency in the disclosure of climate change-related information, providing investors with a level of comfort to assess corporate accountability and preparedness for changing market demands and emissions regulation.
"As the world looks beyond the Paris climate change negotiations and prepares for a low carbon future, reliable information about how companies are responding to the transition will be ever more valuable," said Executive Chairman and Co-Founder of CDP Paul Dickinson. "For this reason we congratulate those businesses that have achieved a position on CDP's Climate Disclosure Leadership Index."
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