Serco, the international service company, has been commended by not-for-profit organisation CDP for its approach to the disclosure of climate change information.
For the fifth consecutive year Serco is featured in CDP's "Climate Disclosure Leadership Index" and sits in the top 10 per cent of FTSE 350 organisations.
CDP represents 767 institutional investors with more than US$92 trillion in assets, and the index highlights companies providing a high level of transparency in their disclosure of climate-related information to investors and the global marketplace.
It provides an evaluation tool for institutional investors and other stakeholders, and is based on analysis of greenhouse gas emissions, emissions reduction targets and the risks and opportunities associated with climate change.
Robert Smith, Serco's Director of Business Compliance and Ethics, said: "Serco takes climate change reporting extremely seriously and I am very pleased that we are recognised in the top 10 per cent of FTSE 350 organisations in the CDP's Climate Disclosure Leadership Index. It is extremely important to us that we are transparent in our climate change disclosure so that stakeholders can see that we are continually managing our environmental performance."
Paul Simpson, chief executive officer of CDP, commented: "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."
The FTSE 350 report including names of companies featured in the Climate Disclosure Leadership Index can be found at www.cdproject.net.