Carbon Disclosure Project Salutes Entergy’s Approach to Climate Change
Entergy recognized as a leader in CO2 disclosure for sixth time
New Orleans, La. – The Carbon Disclosure Project has named Entergy Corporation (NYSE: ETR) to the Carbon Disclosure Leadership Index for the company’s approach to climate change. It marks the sixth consecutive year the CDP has commended Entergy for its corporate governance with respect to carbon disclosure practices.
“Because we believe and practice sustainable development, we are passionate in our point of view on environmental issues,” said J. Wayne Leonard, Entergy’s chairman and chief executive officer. “We analyze the potential risks and effects of climate change with the same sophisticated, analytical tools and measures any commodity trader might use in their business, and we’re especially proud to be one of the 15 utility companies included on both the CDP’s Global 500 and S&P 500 indices.”
The Carbon Disclosure Leadership Index, compiled by PricewaterhouseCoopers, provides an evaluation tool for institutional investors and serves as a key component of the CDP’s annual Global 500 and S&P 500 reports. It comprises 50 constituents of the S&P 500 Index based on analysis of the responses to questions focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change. Companies were scored on their climate change disclosure, internal data management and understanding of climate change-related issues affecting their company.
“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,” said Paul Dickinson, chief executive of the CDP.
The CDP announcement is the second environmentally focused achievement for Entergy in September. Earlier this month, Entergy was named to the Dow Jones Sustainability World Index – one of only two American utilities selected.
“Climate change creates a much stronger bias to action because of the non-linearity of cause and effect and the skewed probability distribution, particularly the ‘fat tail’ containing potential catastrophic events and irreversible outcomes,” said Leonard. “We try to communicate this to all stakeholders and decision makers and make clear that the actions needed to mitigate the risk of climate change are not costs, but investments.”
The CDP, which holds the largest database of corporate climate change information in the world, has become the gold standard for carbon disclosure methodology and provides essential climate change data to the global market place. The CDP represents 475 institutional investors with $55 trillion in assets under management. More than 2,500 major corporations around the world report their greenhouse gas emissions and the risks and opportunities posed by climate change through CDP.
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