CLEVELAND … Diversified industrial manufacturer Eaton Corporation has been named to the Carbon Disclosure Leadership Index by the Carbon Disclosure Project (CDP) for the third time in the past four years. The 2011 list recognizes 55 companies for their approach to the disclosure of climate change information.
“As Eaton celebrates its 100-year heritage of innovation this year, it is an honor to be acknowledged for our commitment to transparency in climate change reporting,” said Harold Jones, senior vice president of Environmental Health and Safety. “We continue to work toward improved performance in greenhouse gas emissions and other key sustainability measures.”
Earlier this year, Eaton was named one of Corporate Responsibility Officer Magazine’s 100 Best Corporate Citizens as well as one of Ethisphere Magazine’s World’s Most Ethical Companies – both publications recognizing Eaton for the fourth consecutive year.
CDP’s Carbon Disclosure Leadership Index highlights the companies within the Standard & Poor’s (S&P) 500 Index that have displayed the most professional approach to corporate governance regarding climate change information disclosure practices. Companies are scored on their disclosure, including greenhouse gas (GHG) emissions, emissions reduction targets and risks and opportunities associated with climate change.
Paul Simpson, chief executive officer of the Carbon Disclosure Project, said, “Companies that make the Carbon Disclosure Leadership Index have demonstrated good internal data management practices for understanding greenhouse gas emissions. They have shown a strong awareness of the business issues related to climate change including climate-related risks and opportunities.”
CDP’s Carbon Disclosure Leadership Index is a key component of CDP’s recently issued annual S&P 500 report. The S&P 500 report, including names of companies featured in the Carbon Disclosure Leadership Index, can be found at www.cdproject.net.
The Carbon Disclosure Project (CDP) is an independent not-for-profit organization holding the largest database of primary corporate climate change and water information in the world. Some 3,000 organizations across the world’s largest economies now measure and disclose their greenhouse gas emissions and assessment of climate change risk and opportunity through CDP, in order that they can set reduction targets and make performance improvements. This data is gathered on behalf of 551 institutional investors, holding US$71 trillion in assets. For more information, visit www.cdproject.net.
Eaton Corporation is a diversified power management company with 2010 sales of $13.7 billion. Celebrating its 100th anniversary in 2011, Eaton is a global technology leader in electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has approximately 73,000 employees and sells products to customers in more than 150 countries.
Holly Mueller (216) 523-5365