LONDON, 2015-11-15 — /EPR Retail News/ — Sainsbury’s has been identified as a UK leader for the quality and transparency of climate change related information it has disclosed to investors and the global marketplace through CDP, the international not-for-profit that drives sustainable economies.
Sainsbury’s is one of only 37 companies awarded a position on the FTSE 350 Climate Disclosure Leadership Index (CDLI), released today in the United Kingdom edition of CDP’s annual global climate change report. Sainsbury’s is also the only UK retailer on the CDLI to achieve a coveted Band A rating. The news comes three weeks ahead of COP21, the UN climate change conference, when national leaders meet to agree a global deal to reduce carbon emissions and limit temperature warming.
- The only retailer on the CDLI FTSE 350 to achieve a Band A rating
- One of only eight UK companies on the Climate A list, and the only UK retailer*
Sainsbury’s scored the top grade of 100%** on the index by disclosing high quality carbon emissions and energy data through CDP’s climate change program.
Paul Crewe, Head of Sustainability, Energy and Engineering at Sainsbury’s said:“Sainsbury’s takes energy and carbon reduction extremely seriously and we have set ourselves stretching targets beyond 2020 through our Sustainability Plan. We are all delighted and proud that Sainsbury’s has been recognised by CDP for the efforts we have made in carbon reduction by being awarded the highest possible global score and gaining a place on the Climate A List.”
Paul Dickinson, executive chairman and co-founder of CDP says: “As the world looks beyond the Paris climate change negotiations and prepares for a low carbon future, reliable information about how companies are responding to the transition will be ever more valuable. For this reason we congratulate those businesses that have achieved a position on CDP’s Climate Disclosure Leadership Index.”
Notes to Editors:
*The Climate A list denotes those companies around the world that have been identified as leading in their efforts and actions to combat climate change in the past CDP reporting year. Of the companies that participated in CDP’s climate change program this year, those on the A list are among only 5% that were awarded an A grade for their performance.
**The reported data has been independently assessed against CDP’s scoring methodology and marked out of 100. Those organizations graded within the top 10% constitute the CDLI.
At the request of 822 investors who represent US$95 trillion in assets, thousands of companies submit e disclosures to CDP. Top scores indicate a high level of transparency in the disclosure of climate change-related information, providing investors with a level of comfort to assess corporate accountability and preparedness for changing market demands and emissions regulation.
SOURCE: J Sainsbury plc