HOPKINTON, Mass. - September 23, 2009 -
EMC Corporation (NYSE:EMC), the world leader in information infrastructure solutions, announced todayithas been commended for its comprehensive reporting on its greenhouse gas emissions and climate change strategy. This is EMC’s third consecutive year on the “Carbon Disclosure Leadership Index,” created by the Carbon Disclosure Project (CDP), which represents 475 institutional investors with $55 trillion in assets under management.
This index highlights the constituent companies within the S&P 500 Index that have displayed the most professional approach to corporate governance in respect to climate change disclosure practices. Companies are scored on their climate change disclosure. High scores indicate good internal data management and understanding of climate change and related issues impacting the company.
Additionally, CDP also launched its new performance scoring pilot methodology at this year’s Global launch, one of the first events of New York Climate Week. The performance scores measure corporations’ actual performance in responding to and reducing their contribution to climate change and is intended to complement the Carbon Disclosure Leadership Index (CDLI). EMC was one of a dozen companies recognized for the highest performance scores in CDP 2009. The best performing companies:
“We’re honoured to be recognized for our disclosure by the CDP for three consecutive years,” said Kathrin Winkler, EMC’s Senior Director, Corporate Sustainability. “EMC is committed to continual improvement on our environmental performance through the business decisions we make, the products and services we offer, and advocacy for an environmentally sustainable society. Each year we grow increasingly enlightened about the impact of our work to date and gain valuable knowledge to refine and advance our strategy. We appreciate the recognition of EMC’s focus on clear, transparent reporting and effective action on climate change.”
The index, compiled by PricewaterhouseCoopers (PwC) on behalf of CDP, provides an evaluation tool for institutional investors. It comprises 50 constituents of the S&P 500 Index 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.
“Companies recognized 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,” said Paul Dickinson, Chief Executive of the Carbon Disclosure Project. “Companies that 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.”
As a leading global technology company, EMC has aggressively driven sustainability initiatives to improve energy efficiency in its products and throughout the company; reduce greenhouse gas emissions; further education in the community and inclusion in the company; and help organizations around the globe preserve their information heritage. In addition to working with the CDP, EMC are members of the U.S. Environmental Protection Agency’s Climate Leaders program. To view EMC’s sustainability report, please visit: http://www.emc.com/collateral/magazine/2008-sustainability-report.pdf.
The S&P 500 Report including names of companies featured in the Carbon Disclosure Leadership Index can be found at www.cdproject.net.
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