EMC Commended For Leadership in Climate Change Disclosure for Third Consecutive Year
HOPKINTON, Mass., Sept. 23 /PRNewswire/ — EMC Corporation (NYSE: EMC), the world leader in information infrastructure solutions, announced today it has been commended for its comprehensive reporting on its greenhouse gas emissions and climate change strategy. This is EMC’s third consecutive year on the “Carbon Disclosure Leadership Index,” created by the Carbon Disclosure Project (CDP), which represents 475 institutional investors with $55 trillion in assets under management.
This index highlights the constituent companies within the S&P 500 Index that have displayed the most professional approach to corporate governance in respect to climate change disclosure practices. Companies are scored on their climate change disclosure. High scores indicate good internal data management and understanding of climate change and related issues impacting the company.
Additionally, CDP also launched its new performance scoring pilot methodology at this year’s Global launch, one of the first events of New York Climate Week. The performance scores measure corporations’ actual performance in responding to and reducing their contribution to climate change and is intended to complement the Carbon Disclosure Leadership Index (CDLI). EMC was one of a dozen companies recognized for the highest performance scores in CDP 2009. The best performing companies:
- Take effective action to manage risks and capitalize on new opportunities;
- Show carbon reduction activities that deliver results; and,
- Incorporate expected regulation into forward thinking and planning.
“We’re honoured to be recognized for our disclosure by the CDP for three consecutive years,” said Kathrin Winkler, EMC’s Senior Director, Corporate Sustainability. “EMC is committed to continual improvement on our environmental performance through the business decisions we make, the products and services we offer, and advocacy for an environmentally sustainable society. Each year we grow increasingly enlightened about the impact of our work to date and gain valuable knowledge to refine and advance our strategy. We appreciate the recognition of EMC’s focus on clear, transparent reporting and effective action on climate change.”
The index, compiled by PricewaterhouseCoopers (PwC) on behalf of CDP, provides an evaluation tool for institutional investors. It comprises 50 constituents of the S&P 500 Index based on analysis of the responses to CDP’s 2009 Questionnaire, which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change.
“Companies recognized in the Carbon Disclosure Leadership Index are rewarded for high quality responses to CDP, which demonstrate a good understanding of how climate change is and will continue to impact their business,” said Paul Dickinson, Chief Executive of the Carbon Disclosure Project. “Companies that control their risks today, manage their emissions and seize the opportunities to produce low carbon goods and services, will be the best placed to prosper in a low carbon economy of the future.”
As a leading global technology company, EMC has aggressively driven sustainability initiatives to improve energy efficiency in its products and throughout the company; reduce greenhouse gas emissions; further education in the community and inclusion in the company; and help organizations around the globe preserve their information heritage. In addition to working with the CDP, EMC are members of the U.S. Environmental Protection Agency’s Climate Leaders program. To view EMC’s sustainability report, please visit: http://www.emc.com/collateral/magazine/2008-sustainability-report.pdf
The S&P 500 Report including names of companies featured in the Carbon Disclosure Leadership Index can be found at www.cdproject.net.
EMC Corporation (NYSE: EMC) is the world’s leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC’s products and services can be found at www.EMC.com.
The Carbon Disclosure Project (CDP) is an independent not-for-profit organisation holding the largest database of corporate climate change information in the world. CDP gathers data through its annual Information Requests on behalf of institutional investors, purchasing organisations and government bodies. Since its formation in 2000, CDP has become the gold standard for carbon disclosure methodology and process, providing essential climate change data to the global market place.
Investor CDP represents some 475 institutional investors, with combined assets under management in excess of $55 trillion. CDP also works with private and public sector organizations to facilitate the collection of climate change data from their supply chains, as well as with local government to drive emissions reduction and sustainable development in key cities around the world. More than 2,500 major corporations around the globe report their greenhouse gas emissions and the risks and opportunities posed by climate change through CDP.
The Carbon Disclosure Project is a Registered Charity (no. 1122330). In the United States, CDP’s sponsor liaison is Rockefeller Philanthropy Advisors, which provides CDP with 501(c)3 charitable status.
EMC is a registered trademark of EMC Corporation. Other trademarks are the property of their respective owners.
SOURCE EMC Corporation