The CDP, which represents 534 institutional investors with $64 trillion in assets under management, compiles the index as a key component of its annual S&P 500 Report - which pays particular attention to the ways that organizations in every sector are capitalizing on commercial opportunities, particularly those from reducing emissions.
“We’re very pleased to be recognized in the Carbon Disclosure Leadership Index,” said Audra Karalius, vice president of sustainability, environment and safety for Sara Lee.
“Sara Lee has taken an active role in reducing our overall impact on the environment. While we’re proud of our results to date, we know we have more work to do and we look forward to continuing our efforts on this important issue.”
CDP recognizes companies with most professional approach to climate change
Paul Dickinson, chief executive of the Carbon Disclosure Project, commented, “The Carbon Disclosure Leadership Index recognizes companies that demonstrate good internal data management practices for understanding greenhouse gas emissions, including energy use.”
Companies that make this index have also demonstrated clear consideration of how climate change is and will impact their business. As companies’ understanding of climate change issues grows, they are better placed to take positive action to manage and mitigate its risks,” he continued.
In 2010, the index comprised 53 constituents of the S&P 500 Index based on analysis of the responses to CDP’s 2010 questionnaire which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change.
Sustainability drive right across cosmetics industry
The announcement follows P&G’s statement this week regarding its own sustainability initiative drive.
As part of big plans to reduce its carbon footprint, the global personal care company wants to power all of its production plants with renewable energy and for its packaging and products to be made from renewable or recyclable materials.
The company says its latest initiative aims to accelerate its commitment to sustainability by establishing long-term goals aimed at increasing the efficiency of the business, while also reducing the use of both energy and materials.
Beauty product seller Avon has also been monitoring its environmental impact of late, with the introduction of a new energy management system at its Illinois facility.