Kingfisher has been commended by the Carbon Disclosure Project (CDP) for the action it is taking to reduce carbon emissions and mitigate the risks of climate change. The CDP represents 534 institutional investors with $64 trillion in assets under management.
Kingfisher is featured in CDP’s new Carbon Performance Leadership Index (CPLI). The CPLI highlights those companies within the FTSE 350 Index which have demonstrated leadership in tackling climate change. During 2009/10, Kingfisher achieved an 8% reduction in its total CO2 equivalent emissions from energy and transport.
This new index, compiled by PricewaterhouseCoopers (PwC) on behalf of CDP provides an evaluation tool for institutional investors. It is based on analysis of the responses to CDP’s 2010 questionnaire. There were only 13 companies from the FTSE 350 included in the leadership index in 2010.
Paul Dickinson, Executive Chairman of the Carbon Disclosure Project, commented:
“Companies in this new Carbon Performance Leadership Index are demonstrating leadership in their commitment to manage greenhouse gas emissions. Companies which manage and reduce their emissions, maximise business resilience and capitalise on opportunities, will be the best placed to succeed as we move towards a low carbon economy.”
The FTSE 350 Report including names of companies featured in the Carbon Performance Leadership Index and the methodology used can be found at www.cdproject.net.