Saab has been commended by the Carbon Disclosure Project (CDP), which represents 551 institutional investors with $71 trillion in assets under management, for its approach to the disclosure of climate change information.
For the fifth consecutive year Saab is featured in CDP’s “Carbon Disclosure Leadership Index”. This index, a key component of CDP’s annual Nordic 260 report, highlights the constituent companies with the Nordic OMX Index Series which have displayed the most professional approach to corporate governance regarding climate change information disclosure practices. Companies are scored on their climate change disclosure and high scores indicate good internal data management and understanding of climate change related issues affecting the company.
The index, compiled on behalf of CDP provides an evaluation tool for institutional investors and other stakeholders. In 2011 it comprises 26 companies from the Nordic 260 Index based on analysis of the responses to CDP’s questionnaire which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change.
“It is satisfying that CDP recognizes Saab’s long-term commitment to increase energy efficiency and reduce emissions of carbon dioxide. The high ranking result is mainly due to our ability to use technology from Saabs core business, defense and security, to offer Green Tech Solutions that creates adequate energy efficiency as well as our ambitious and targeted projects to reduce energy consumption in our operations”, said Kenth Algotsson, Environmental Officer at Saab.
Saab's Environmental Officer Kenth Algotsson
"The Companies responses are an abundant source of innovative examples"
“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 organisations that give clear consideration to measuring and reporting on climate change issues will be best placed to capitalise on the opportunities from managing them”, commented Paul Simpson, chief executive officer of the Carbon Disclosure Project
The Nordic 260 report including names of companies featured in the Carbon Disclosure Leadership Index can be found at www.cdproject.net.
“Company responses are an abundant source of innovative examples. The R&D effort is paying off – Nordic companies are showing that superior products can be made using less energy and fewer of our scarce natural resources”, said Amanda Haworth Wiklund, Director of CDP Nordic
The Carbon Disclosure Project (CDP) is an independent not-for-profit organisation holding the largest database of primary corporate climate change and water information in the world. Some 3,000 organisations across the world’s largest economies now measure and disclose their greenhouse gas emissions and assessment of climate change risk and opportunity through CDP, in order that they can set reduction targets and make performance improvements. This data is gathered on behalf of 551 institutional investors, holding US$71 trillion in assets. For more information visit www.cdproject.net.