- Awarded for its actions to reduce carbon emissions
- Terium: “Low CO2 investment bearing first fruit”
For its actions to reduce carbon emissions and mitigate the business risks of climate change, RWE AG has been awarded with a position on the “A List” of the CDP Climate Performance Leadership Index 2014.
The index has been produced at the request of nearly 800 investors who represent more than a third of the world’s invested capital by CDP, the international NGO that drives sustainable economies. It presents companies identified as demonstrating a superior approach to climate change mitigation. Out of more than 2,000 companies, RWE is one of 187 that has been awarded an A grade for its climate performance, earning a position on this global ranking of corporate efforts to mitigate climate change.
Peter Terium, CEO of RWE, says: "Being included in the index for the first time is a great achievement for us. This shows that our investment in low CO2 generation is starting to bear fruit. This led to a reduction of our specific CO2 emissions by 5% in 2013."
Climate performance leaders of the A List index are investing to reduce their greenhouse gas emissions and collectively have reduced their total emissions by 33 million metric tons in the past reporting year.
CDP performance scores provide a tool for institutional investors and stakeholders to evaluate and track corporate efforts to mitigate climate change. Scores are communicated to investors and other decision makers to help them assess corporate preparedness for changing market demands and emissions regulation.
Paul Simpson, Chief Executive Officer of CDP, comments: “Global greenhouse gas emissions continue to rise and we face steep financial risk if we do not mitigate them. The business case for action to mitigate climate change has never been stronger or more urgent. For this reason we congratulate those businesses that have achieved a position on the A List: The CDP Climate Performance Leadership Index. These companies are responding to market demand for environmental accountability and at the same time are making progress towards the realisation of sustainable economies.”
Head of Group Media Relations
T +49 201 12 17441
M +49 162 251 53 02