Nestlé ranks second place in the Consumer Staples category in the Global 500 Carbon Disclosure Leadership Index 2010 (CDLI) for its approach to climate change disclosure.
Measured for its high-quality internal data management and understanding of climate change related issues, Nestlé notched up a total of 92 points in the Carbon Disclosure Score to land a place in the prestigious Index for the first time.
In addition, under the new Carbon Performance Leadership Index (CPLI), Nestlé was categorised in Band A – where companies in this sector excel for overall performance indicating both higher degrees of maturity in their climate change initiatives and achievement of their objectives.
The Carbon Disclosure Project 2010 (CDP) – backed by 534 financial institutions with assets of over USD 64 trillion under management – sent questionnaires to more than 4,700 of the world’s largest corporations, requesting information on greenhouse gas (GHG) emissions, on the significant risks and opportunities related to climate change and on the actions companies are taking to manage those risks and opportunities.
In 2010, the CDP asked the world’s 500 largest public companies in the FTSE Global Equity Index Series (Global 500) to demonstrate what action they are taking on climate change.
This report, compiled by PricewaterhouseCoopers (PwC), analyses the responses from those corporations.
Paul Dickinson, Chief Executive of the Carbon Disclosure Project, said: “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.”
Log on to www.cdprojects.net for more details and the full Global 500 Report including names of companies featured in the Carbon Disclosure Leadership Index.