Tate & Lyle Recognised by CDP for Climate Change Disclosure
London - Tate & Lyle, a global provider of ingredients and solutions to the food, beverage and other industries, announces today that it has been commended by CDP for its approach to the disclosure of climate change information. CDP is an international, not-for-profit organization which provides the only global system for companies and cities to measure, disclose, manage and share important environmental information.
For the second consecutive year, Tate & Lyle is featured in CDP’s “Climate Disclosure Leadership Index.” This index, a key component of CDP’s annual FTSE 350 report, highlights the constituent companies within the FTSE 350 Index which have displayed a strong approach to information disclosure on climate change. 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.
Edward Butt, Vice President, Sustainability for Tate & Lyle said:
“We are delighted to be featured in CDP’s Climate Disclosure Leadership Index for the second year running. At Tate & Lyle, we are continually working to improve our environmental performance and being able to measure and clearly report on how we are progressing is very important to us”.
Paul Simpson, Chief Executive Officer of CDP, commented:
Companies that make the Climate Disclosure Leadership Index have demonstrated strong internal data management practices for the measurement of greenhouse gas emissions and energy use. They are also giving clear consideration to the business issues related to climate change and their exposure to climate-related risks and opportunities. This is vital to realising greater efficiencies, protecting the business from risk and capitalizing on opportunities.”
The Climate Disclosure Leadership Index is compiled by PwC on behalf of CDP and provides an evaluation tool for institutional investors and other stakeholders. The 2013 leadership index includes 41 companies from the FTSE 350 who were ranked based on analysis of their responses to CDP’s annual climate change questionnaire.
The FTSE 350 report including names of companies featured in the Climate Disclosure Leadership Index can be found at www.cdproject.net.
About Tate & Lyle:
Tate & Lyle is a global provider of ingredients and solutions to the food, beverage and other industries, operating from over 30 production facilities around the world.
Tate & Lyle operates through two global business units, Speciality Food Ingredients and Bulk Ingredients, supported by the Innovation and Commercial Development group. The Group’s strategy is to become the leading global provider of Speciality Food Ingredients through a disciplined focus on growth, and by driving Bulk Ingredients for sustained cash generation to fuel this growth.
Speciality Food Ingredients consists of three platforms: Texturants, which includes speciality starches and stabilisers; Sweeteners, which comprises nutritive sweeteners and our range of no-calorie sweeteners including SPLENDA® Sucralose; and our Health and Wellness portfolio which includes speciality fibres and our salt-reduction offering. Additionally, our food systems business provides a wide variety of blended ingredient solutions.
Tate & Lyle Bulk Ingredients includes bulk sweeteners, industrial starches and fermentation products (primarily acidulants). Corn co-products from both divisions are primarily sold as animal feed.
Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2013, Tate & Lyle sales totalled £3.3 billion. http://www.tateandlyle.com. SPLENDA® is a trademark of McNeil Nutritionals, LLC.
The CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share important environmental information. CDP harnesses the power of market forces, including 722 institutional investors with assets of US$78 trillion, to collect information from companies on their greenhouse gas emissions and assessment of climate change and water risk and opportunity. CDP now holds the largest collection globally of primary climate change and water data and puts these insights at the heart of strategic business, investment and policy decisions. Please visit www.cdproject.net to find out more.
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