Tieto recognized by CDP as leader for climate change transparency
TIETO CORPORATION PRESS RELEASE 28 October 2014 at 12.00 EET
For the fourth consecutive year, Tieto has been recognized as a leader for the depth and quality of climate change data it has disclosed to investors and the global marketplace through CDP, the international NGO that drives sustainable economies. Tieto’s status is awarded with a position on the Nordic Climate Disclosure Leadership Index (CDLI), released in the CDP Nordic 2014 report - Natural capital disclosure for business resilience.
Tieto has earned leadership status by submitting climate change information through CDP’s global environmental disclosure system for independent assessment against CDP’s widely-respected scoring methodology. Company disclosures to CDP are marked out of a total of 100. Those organizations graded within the top 10% constitute the CDLI. The score threshold of entering to the Nordic CDLI rose to a 95 in 2014. Tieto’s score is 98. High scores indicate the provision of robust climate data upon which decisions that will catalyze progress towards low carbon economies can be made. The index highlights companies providing a high level of transparency in their disclosure of climate-related information.
“We are determined to do our part in fighting climate change and continuously examine ways to minimize our environmental footprint. Transparent disclosure of our climate change data helps internal as well as external stakeholders to understand and assess our environmental impact. This in turn enables us to develop our work further. To us, this is good corporate citizenship and taking an active role in the development of a low carbon economy. The Climate Disclosure Leadership Index status is an important recognition of our environmental work as well as our sustainability reporting practices,” says Christer Mattsson, head of Corporate Responsibility at Tieto.
Disclosure to CDP’s climate change program is at the request of 767 investors who represent more than US$92 trillion in assets, which is around a third of the world’s invested capital. The number of investors using CDP to understand better the economic risks and opportunities that climate change presents to their portfolio companies, has increased on an annual basis. The growing consensus that accountability for contributions to climate change is a business imperative is further supported by the number of businesses using CDP to report their climate change impacts, which has also risen.
CDP disclosure scores are provided to investors and other decision makers through various channels, including Bloomberg terminals, to help them assess corporate preparedness for changing market demands and emissions regulation.
Paul Simpson, chief executive officer of CDP, says: “Global greenhouse gas emissions continue to rise and we face steep financial risk if we do not mitigate them. The need for data on corporate climate change impacts and strategies to reduce them has never been greater. For this reason we congratulate those businesses that have achieved a position on CDP’s Climate Disclosure Leadership Index. These companies are responding to the ever-growing demand for environmental accountability and should inspire others to follow suit.”
Complete lists of CDP leaders along with the climate disclosures of all companies publicly taking part in CDP’s climate change program this year are available on CDP’s website.
For further information, please contact:
Christer Mattsson, Head of Quality and Corporate Responsibility, +46 10 481 5279, christer.mattsson[at]tieto.com
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Tieto is the largest Nordic IT services company providing full life-cycle services for both the private and public sectors and product development services in the field of communications and embedded technologies. The company has global presence through its product development business and global delivery centres. Tieto is committed to developing enterprises and society through IT by realizing new opportunities in customers’ business transformation. At Tieto, we believe in professional development and results.
Founded 1968, headquartered in Helsinki, Finland and with approximately 14 000 experts, the company operates in over 20 countries with net sales of approximately EUR 1.6 billion. Tieto’s shares are listed on NASDAQ OMX in Helsinki and Stockholm. Please visit www.tieto.com for more information.
CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 767 institutional investors with assets of US$92 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate-change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions. Please visit www.cdp.net or follow us @CDP to find out more.
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