Pacific Gas and Electric Company (PG&E) has been named to the S&P
Climate Disclosure Leadership Index (CDLI) by the CDP, an international
not-for-profit that represents 822 institutional investors with $95
trillion in assets. PG&E earned a perfect 100 score from the
organization and was one of only four U.S. utilities to make the list.
The news comes three weeks ahead of the United Nations climate talks in
Paris, where national leaders will meet to negotiate a global agreement
on reducing carbon emissions and addressing the environmental and
economic threats from climate change.
“PG&E is honored that its continuing work on climate change has been
recognized. Our company has long been dedicated to reducing our carbon
footprint and to reporting our progress in a clear and transparent
manner. We remain committed to building on these efforts and helping
California make the transition to a low-carbon energy economy as quickly
as possible,” said Melissa Lavinson, PG&E’s chief sustainability officer
and vice president of federal affairs and policy.
The CDLI highlights the companies within the S&P 500 Index that have
displayed a strong approach to information disclosure regarding climate
change. For the fifth time, PG&E earned its position on the index by
disclosing high quality carbon emissions and energy data through CDP’s
climate change program. The reported data was independently assessed
against CDP’s methodology and scored on a 100-point scale. Those
organizations graded within the top 10 percent constitute the CDLI.
“As the world looks beyond the Paris climate change negotiations and
prepares for a low carbon future, reliable information about how
companies are responding to the transition will be ever more valuable.
For this reason we congratulate those businesses that have achieved a
position on CDP’s Climate Disclosure Leadership Index,” said Paul
Dickinson, executive chairman and co-founder of CDP.
PG&E delivers some of the nation’s cleanest energy. In fact, the carbon
dioxide emissions rate from the company’s delivered electricity is about
two-thirds cleaner than the national utility average. More than 55
percent of the electricity the utility delivers to its customers comes
from renewable or greenhouse-gas-free resources.
In October, PG&E Corporation Chairman, CEO and President Tony Earley was
among corporate leaders at the White House who announced new pledges to
reduce greenhouse gases and address the impact of climate change. Beyond
adding even more renewable energy, PG&E’s focus continues to be on
encouraging energy efficiency, supporting rooftop solar, making
investments in smarter energy infrastructure and pushing for broader
adoption of electric vehicles.
CDP’s annual global climate change report, along with the climate scores
of all companies publicly taking part in CDP’s climate change program
this year, is available
on CDP’s website.
Pacific Gas and Electric Company, a subsidiary of PG&E
Corporation (NYSE:PCG), is one of the largest combined natural gas
and electric utilities in the United States. Based in San Francisco,
with more than 20,000 employees, the company delivers some of the
nation’s cleanest energy to nearly 16 million people in Northern and
Central California. For more information, visit www.pge.com/
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Copyright Business Wire 2015
Source: Business Wire
(November 16, 2015 - 6:19 PM EST)
News by QuoteMedia