Sep 24 2010
Consolidated Edison, Inc, an investor owned energy-delivery company, has been placed in the first position amid the S&P 500 companies in the Carbon Disclosure Leadership Index (CDLI) by the Carbon Disclosure Project (CDP) and also ranked in the first position amid all the utilities in the recently introduced Carbon Performance Leadership Index (CPLI). The recent inclusions are in sequel to its second successive year inclusion on the Dow Jones Sustainability Index (DJSI).
In its recent statement to the Carbon Disclosure Project, the company accounted a 36% decrease in its green gas releases from 2005. The company achieved the reductions by the use of cleaner fuels for its steam generating plants and by inducing improvements in its electric power and natural gas delivery systems to lessen the emissions. The index composed on behalf of CDP by PricewaterhouseCoopers (PWC) offers an appraisal tool for the government investors. It includes 53 components of the S&P 500 Index based on a detailed study and replies received for the CDP’s 2010 survey which discussed details such as greenhouse gas emissions, targets for reducing emissions, climatic change and risks and opportunities linked with it.
Paul Dickinson, Carbon Disclosure Project’s CEO, said that the Carbon Disclosure Leadership Index distinguishes the businesses that follow an easy to understand data supervision policies for comprehending greenhouse gas emissions and their energy use. The companies that are included in the index have amply proved how eco changes can adversely affect their business. He concluded saying that the growth in the number of companies that understand the impact of climatic changes reflect that those companies are adequately equipped to initiate positive actions and to reduce risk.
Source: http://www.coned.com/