Ericsson ranks high in the climate disclosure leadership index of corporate approaches to climate change
Ericsson (NASDAQ:ERIC), the world's leading telecommunications supplier, was honored as "Best in Class" in its approach to climate change disclosure in a report released by the Carbon Disclosure Project (CDP), a coalition of over 315 global investors with more than USD 41 trillion in assets. Ericsson was the only telecommunications supplier and Swedish company to be named in the leadership index.
The CDP report is a survey of the responses of Financial Times 500 corporations on the issue of climate change. In the report, Ericsson was included in the Climate Disclosure Leadership Index, a prestigious honor roll for global corporations addressing the challenges of climate change.
Elaine Weidman, Director, Corporate Responsibility at Ericsson, says: "As a leader in telecommunications, we see great opportunities to contribute to the reduction of greenhouse gas emissions, while at the same time using energy efficiency as a competitive driver.
"We are driving change in our industry through the pioneering of alternative power sources, the tower tube and solar village chargers, among other energy-lean innovations. This recognition validates our efforts and we will continue to lead the industry with climate-smart solutions."
In 2006, Ericsson improved the energy efficiency of its 3G radio base stations by 35 percent. With the company's continued energy efficiency improvements to 3G radio base stations, overall energy efficiency will have improved by 80 percent for the company's total product mix by the end of 2008, when compared to 2001.
All companies in the FT500 sample were assessed relative to their peers to provide an evaluation for investors, through the CDLI on which companies have developed the most comprehensive climate change disclosure practices. Innovest rank companies on a 100 point scale and all companies which achieved a score of 85 or over are featured in the CDLI. More information on the CDLI can be found at the CDP website: www.cdproject.net.
Climate Disclosure Leadership Index members were distinguished by the disclosure of their awareness of the risks and opportunities of climate change, as well as the quality and effectiveness of programs put in place to reduce overall greenhouse gas emissions.
Paul Dickinson, CDP Chief Executive, says: "Ericsson has set itself apart from its peers by disclosing the information required by investors to judge its readiness for the challenges and opportunities posed by climate change."
Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world.
Read more at http://www.ericsson.com
Read more at http://www.ericsson.com
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About CDP
The Carbon Disclosure Project is a special project of Rockefeller Philanthropy Advisors in New York. The group of investors is not a legal entity and the Carbon Disclosure Project has no authority to make any other statement on behalf of the participants. Full details on CDP, the CDP reports and the responses from corporations can be found at www.cdproject.net
The CDP5 report was written by Innovest Strategic Value Advisors www.innovestgroup.com