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Indiaexportnews.com

Scania commended for climate change disclosure

  21.10.2009    

Scania has been commended by the Carbon Disclosure Project (CDP), which represents
475 institutional investors with USD 55,000 billion in assets under management,
for its approach to climate change disclosure.
For the first time Scania is featured in CDP's Carbon Disclosure Leadership Index
(CDLI). This index, a key component of CDP's annual Nordic 200 Report, highlights
the constituent companies within the Nordic 200 Index, which have displayed the most
professional approach to corporate governance in respect of climate change
disclosure practices. 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. 
"Low carbon intensity is of increasing importance for all industries. Our customers
require products and services that enable them to reduce fuel consumption and CO2
generation. Scania meets these demands by providing fuel-efficient vehicles and
engines that can run on renewable fuels, as well as services like training drivers
in fuel efficient driving and maintaining vehicles in top shape," says Scania's CEO
and President Leif Östling. 
"Energy efficiency should be at the heart of every business since it affects the
bottom line. At Scania every saved kWh counts, as indicated by a 40 percent
reduction in energy use per vehicle produced over the past 10 years. The achievement
this last year is a saving of no less than 3,200 tonnes of CO2," concludes Leif
Östling.
Paul Dickinson, Chief Executive of the Carbon Disclosure Project, commented: 
"Companies recognised in the Carbon Disclosure Leadership Index are rewarded for
high quality responses to CDP, which demonstrate a good understanding of how climate
change is and will continue to impact their business. Companies which control their
risks today, manage their emissions and seize the opportunities to produce low
carbon goods and services, will be the best placed to prosper in a low carbon
economy of the future."  
CDLI provides an evaluation tool for institutional investors. It is collected by
SIRP (Sustainable Investment Research Platform) at the Umeå School of Business. The
index comprises the top scoring twenty of companies in the Nordic 200, based on
analysis of the responses to CDP's 2009 questionnaire, which focused on greenhouse
gas emissions, emissions reduction targets and risks and opportunities associated
with climate change.



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