General Motors has been recognized for its green efforts.
The company achieved, for the first time, perfect scores on both climate change data disclosure and performance submitted to CDP, the world’s only global environmental disclosure system.
Featured in the CDP S&P 500 Climate Change Report 2014, GM said it ranks among the world’s largest companies acting in response to a changing climate. The achievement was announced as world leaders gather in New York City during Climate Week to discuss the challenges and opportunities of global warming.
“Our customers expect us to help mitigate, if not eliminate, issues such as congestion and pollution,” said GM CEO Mary Barra. “This extends to how we build our products and how we engage with the world around us. This has led to expanded use of renewable energy, a ‘zero waste’ mindset and other initiatives that have sharply reduced our energy intensity, resource consumption and greenhouse gas emissions worldwide.”
GM asserts addressing climate change is not only good for the environment, it also delivers tangible business value. With a customer-driven sustainability approach, the company said it restructured its product portfolio to maximize vehicle efficiencies and rethought its manufacturing process to conserve resources vital to the industry.
“Our CDP ranking shows that we’re measuring and pulling insight from our energy and carbon data to capitalize on opportunities for greater efficiency,” said Barra. “It reinforces our stewardship and sustainability goals. Responding to CDP helps us communicate to the financial community that we’re prepared for changing market demands and emissions regulation.”
The CDP program said it enables management of greenhouse gas emissions and risks and opportunities associated with climate change. Scores are communicated to investors and other decision makers.
The S&P 500 Climate Disclosure Leadership Index highlights companies listed on the Standard & Poor’s 500 Index displaying a high level of transparency and data quality in their disclosure of climate-related information. High scores are said to indicate robust climate data and a good understanding of corporate climate change-related issues.
GM said for the second time it ranks in the top 10 percent of companies for its disclosure scores. With a perfect score of 100, GM is one of 33 S&P 500 companies included this year.
GM’s inclusion in the S&P 500 Climate Performance Leadership Index demonstrates its commitment to managing climate change by integrating it into its business strategy and taking steps to mitigate climate-related risk, stated the automaker.
The company’s first perfect climate performance assessment of “A” makes it one of 63 such S&P 500 companies.