Spectra Energy Top Ranked on Carbon Disclosure Project’s ‘Carbon Disclosure’ and ‘Carbon Performance’ Leadership Indices
HOUSTON, Sept. 20 /PRNewswire/ — Spectra Energy Corp (NYSE: SE) was ranked first in the Energy Sector on the 2010 Carbon Disclosure Project’s (CDP) “Carbon Disclosure Leadership Index (CDLI).” The CDLI highlights constituent companies within the S&P 500 that have displayed the most professional and transparent approach to corporate governance in respect to climate change disclosure practices. This is the second year the company has held the top slot. Spectra Energy also ranked first in its sector on the CDP’s new “Carbon Performance Leadership Index (CPLI).” The CPLI recognizes S&P 500 companies that have demonstrated a superior commitment to strategy, governance, stakeholder communications and, most of all, emissions reduction in their CDP responses. The company tied for second overall on the CDP’s “Top 10 Performing Companies” for combined results in both disclosure and performance.
Companies, who voluntarily respond to the annual CDP questionnaire, are scored on their climate change disclosure and carbon management and risk mitigation efforts. High scores indicate good internal data management and understanding of climate change-related issues affecting the company, including greenhouse gas emissions, emissions reduction targets, and risks and opportunities associated with climate change.
“As we move toward a lower carbon future, the CDP provides us all with a tremendous opportunity to examine our practices in the mission-critical areas of governance, risk and opportunity management, emissions performance and climate change strategy,” said Greg Ebel, president and chief executive officer, Spectra Energy Corp. “We’re proud to have achieved the top rankings in both indices this year.”
The CDP’s S&P 500 Report, including names of companies featured in both Carbon Disclosure and Carbon Performance Leadership Indices, can be found at www.cdproject.net.
About Spectra Energy Corp
Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of North America’s premier natural gas infrastructure companies serving three key links in the natural gas value chain: gathering and processing, transmission and storage, and distribution. For nearly a century, Spectra Energy and its predecessor companies have developed critically important pipelines and related infrastructure connecting natural gas supply sources to premium markets. Based in Houston, Texas, the company operates in the United States and Canada approximately 19,100 miles of transmission pipeline, more than 305 billion cubic feet of storage, as well as natural gas gathering and processing, natural gas liquids operations and local distribution assets. The company also has a 50 percent ownership in DCP Midstream, one of the largest natural gas gatherers and processors in the United States. Spectra Energy is a member of the Dow Jones Sustainability World and North America Indexes and the U.S. S&P 500 Carbon Disclosure Project’s Leadership Index for both Carbon Performance and Disclosure. For more information, visit www.spectraenergy.com.
The Carbon Disclosure Project (CDP) is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world. Thousands of organizations across the world’s largest economies now measure and disclose their greenhouse gas emissions and climate change strategies through CDP, in order that they can set reduction targets and make performance improvements. This data is gathered on behalf of 534 institutional investors, with combined assets under management in excess of $64 trillion, as well as purchasing organizations and government bodies and made available for integration into business and policy decision making. For more information, visit www.cdproject.net.
SOURCE Spectra Energy Corp