NEW YORK, NY--(Marketwire - Sep 13, 2012) - Consolidated Edison Inc. (Con Edison) has earned recognition from the international Carbon Disclosure Project (CDP) for the sixth consecutive year for the utility's transparency regarding carbon emissions data and its approach to sharing climate-change related information.
Con Edison is listed in the CDP's S&P 500 Carbon Disclosure Leadership Index (CDLI), a key tool used by investors to evaluate a company's carbon policies. The 2012 Leadership Index is comprised of 53 S&P 500 companies, based on analyzed responses to CDP's questionnaire examining greenhouse gas emissions, emissions reduction targets, and risks and opportunities associated with climate change. Companies named in the CDLI can be found at www.cdproject.net.
"Companies that make the Carbon Disclosure Leadership Index have demonstrated strong internal data management practices for the measurement of greenhouse gas emissions and energy use," said Paul Simpson, chief executive officer of CDP. "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 realizing greater efficiencies, protecting the business from risk, and capitalizing on opportunities."
"The CDP's important work raising awareness around the world reminds us to think globally, act locally," said Randolph S. Price, Con Edison vice president of Environment, Health, and Safety. "Here in New York, the company is supporting Mayor Bloomberg's PlaNYC 2030 with an ambitious consumer home-heating, oil-to-gas conversion program that will benefit New York City's air quality in the decades ahead. We are especially gratified by the CDP's continuing recognition, and we remain committed to disclosure and performance that will benefit us all."
About Con Edison
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The Carbon Disclosure Project (CDP) is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP harnesses the power of market forces, including 655 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.