Pennon joins carbon disclosure leaders

Posted: Thursday 14th November 2013

Pennon Group PLC, the Exeter-based parent company of South West Water and Taunton waste company Viridor, has been commended for its approach to the disclosure of climate change information by the Carbon Disclosure Project (CDP).

For the first time, Pennon 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 regarding 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.

The index, compiled by PwC on behalf of CDP, provides an evaluation tool for institutional investors and other stakeholders. In 2013 it comprises 41 companies from the FTSE 350 based on analysis of the responses to CDP’s questionnaire which focused on greenhouse gas emissions, emissions reduction targets and the risks and opportunities associated with climate change.

Gill Rider, Chair of Pennon Group Plc’s Sustainability Committee, said: "As one of the largest environmental and resource management groups in the UK, Pennon's business is all about sustainability. We are committed to leading the way in good environmental practice, both in how we operate, in reducing our carbon emissions and in transparently recording and reporting our energy use.

"We're very proud that this commendation puts us top amongst the listed water companies for both transparency and carbon reduction, but that is only half the story. Viridor, a complex national business, has made great strides in measuring, reporting and reducing its carbon use."

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 capitalising on opportunities.”

The FTSE 350 report including names of companies featured in the Climate Disclosure Leadership Index can be found at www.cdproject.net.




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