Electrolux Praised for Action and Reporting On Emissions
Oct 8, 2013
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Electrolux was recognized by CDP as one of five leading Nordic companies in taking actions to reduce carbon emissions and mitigate the risks of climate change. Electrolux was also ranked as a leader in terms of its climate change data disclosure.
The achievements were announced as part of the CDP Nordic 260 Climate Change Report 2013, tracking how listed companies act in response to a changing climate. The report analyzes climate change data provided by the largest companies in the Nordic region that took part in CDP's climate change program.
"We are proud to be the only Swedish company recognized by the CDP as a leader in climate change action as well as disclosure standards," said Henrik Sundstroem, head of Sustainability Affairs at Electrolux. "Electrolux has a long history of collecting environmental data from its operations, beginning already in the 1990s to disclose this kind of information. We also have a strong record in energy reduction, and in 2012 we realized a 6% relative improvement compared to 2011, indicating a significant rise in production efficiency."
This year's report is the first time that Electrolux has reached a position in the Climate Performance Leadership Index (CPLI), where companies are assessed according to the scale and quality of their emissions reductions and strategies. Five Nordic 260 companies feature in the 2013 CPLI.
Electrolux also, for a third consecutive year, achieved a position among the 27 Nordic companies included in the Climate Disclosure Leadership Index (CDLI), highlighting companies with a strong approach to the disclosure of information regarding climate change. Companies are scored on the completeness and standard of their submissions. Electrolux' score was 92 out of a possible 100.
The indices are used by investors to assess corporate preparedness for national or international emissions regulation and to guide investment decisions.
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