Carbon Disclosure Project Salutes Entergy’s Approach to Climate Change
NEW ORLEANS, Sept. 20, 2011 /PRNewswire/ — The Carbon Disclosure Project has named Entergy Corporation (NYSE: ETR) to the Carbon Disclosure Leadership Index for the company’s approach to disclosure of climate change information.
It marks the seventh time in eight years Entergy has been included on the CDLI for its carbon disclosure practices.
“We strongly believe people want to do the right thing. The first step is getting to the truth. Quantifying and disclosing greenhouse gas emissions is a wake-up call for many that leads to substantive actions to reduce the risks of climate change to our planet’s future ability to sustain life and provide opportunities we take for granted,” said J. Wayne Leonard, chairman and chief executive officer of Entergy Corporation. “For Entergy, that occurred over 10 years ago. Since then we have been voluntarily reducing our greenhouse gas emissions, and we are now 14.4 percent below our cumulative stabilization goal for the last decade. It’s as simple as, despite the best intentions, what’s not measured doesn’t get done. The Carbon Disclosure Project serves a great need to raise our awareness of how much can be, and needs to be, done.”
The Carbon Disclosure Leadership Index, compiled by PricewaterhouseCoopers, comprises 55 companies from the S&P 500 Index based on analysis of greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change. Companies are scored on their climate change disclosure, internal data management and understanding of climate change-related issues affecting their company.
Paul Simpson, chief executive officer of the Carbon Disclosure Project, said, “Companies that make the Carbon Disclosure Leadership Index have demonstrated good internal data management practices for understanding greenhouse gas emissions. They have shown a strong awareness of the business issues related to climate change, including climate-related risks and opportunities. Those organizations that give clear consideration to measuring and reporting on climate change issues will be best placed to capitalize on the opportunities from managing them.”
The CDP announcement is the second environmental achievement for Entergy in September. Earlier this month, Entergy was named to the Dow Jones Sustainability North America Index.
The CDP is a nonprofit organization that holds the world’s largest database of corporate climate change and water information. Some 3,000 organizations across the world now measure and disclose their greenhouse gas emissions and assessment of climate change risk and opportunity through CDP. The data is provided to 551 institutional investors – with a combined $71 trillion in assets under management – to increase transparency around climate-related investment risk and commercial opportunity, and drive investments towards a low-carbon economy.
Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, and it is the second-largest nuclear generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $11 billion and approximately 15,000 employees.
Entergy’s online address is www.entergy.com.
SOURCE Entergy Corporation