FPL Group lauded for quality of climate change disclosure

subscribe

FPL Group has been named to the 2008 “Climate Disclosure Leadership Index” by the Carbon Disclosure Project (CDP), a not-for-profit organization that reports on the business risks and opportunities of climate change on behalf of 385 institutional investors with $57 trillion in assets under management.

Compiled by PricewaterhouseCoopers on behalf of CDP, the Climate Disclosure Leadership Index highlights companies within the FTSE Global 500 Index that excel at corporate governance in the area of climate change disclosure. Index members are 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.

“FPL Group has one of the lowest emissions profiles of any electric power company in the United States, and we are the country’s No. 1 producer of renewable energy from both wind and solar power. We’re extremely pleased to be included on this year’s Carbon Disclosure Leadership Index,” said FPL Group Chief Financial Officer Armando Pimentel.

Paul Dickinson, chief executive of the Carbon Disclosure Project, said: “Good corporate governance in respect of climate change disclosure will inevitably reap its rewards. As carbon regulation increases, those companies that have implemented climate change related strategies are clearly going to be in a far better position to meet the challenge of higher carbon prices than companies that have procrastinated. Good disclosure practices are synonymous with good management.”

The Global 500 Report, including names of companies featured in the Carbon Disclosure Leadership Index, can be found at www.cdproject.net.

Related News

iran nuclear plant deal

Iran Says Deals to Rehabilitate, Develop Iraq Power Grid Finalized

TEHRAN - Iran and Iraq have finalized two deals to rehabilitate and develop the power grid of Iraq, IRNA cited the Iranian Energy Minister Reza Ardakanian.

Ardakanian met his Iraqi counterpart Majid Mahdi Hantoush in Tehran on Tuesday evening on the sidelines of Prime Minister Mustafa al-Kadhimi’s trip to the Islamic Republic on his first foreign visit.

“It was decided that the contracts related to reducing losses on the electricity distribution network in the provinces of Karbala and Najaf, as well as the contract for repairing Iraq’s distribution transformers would be finalized and signed,” the Iranian minister said.

Iraq relies on Iran for…

READ MORE
tesla charging station

South Australia rides renewables boom to become electricity exporter

READ MORE

powerlines

Toronto Prepares for a Surge in Electricity Demand as City Continues to Grow

READ MORE

texas power failure

Winter Storm Leaves Many In Texas Without Power And Water

READ MORE

houston

In a record year for clean energy purchases, Southeast cities stand out

READ MORE