October 17, 2011 - For the sixth consecutive year, RBC has been commended by the Carbon Disclosure Project (CDP) for its approach to the disclosure of climate change information.
The Canadian Carbon Disclosure Leadership Index highlights companies within the Canada 200 Index which have displayed the most professional approach to corporate governance regarding climate change information disclosure practices. Companies are scored on their climate change disclosure and high scores indicate good internal data management and understanding of climate change related issues affecting the company.
Compiled by Accenture on behalf of CDP, the index provides an evaluation tool for institutional investors and other stakeholders to assess climate change risks and opportunities to companies. The index represents the leading 10 per cent of companies (20) from the Canada 200 Index responses to CDP’s questionnaire, which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change.
Paul Simpson, chief executive officer of the Carbon Disclosure Project, commented: “Companies that make the Carbon Disclosure Leadership Index have demonstrated good internal data management practices for understanding greenhouse gas emissions. They have shown a strong awareness of the business issues related to climate change including climate-related risks and opportunities. Those organizations that give clear consideration to measuring and reporting on climate change issues will be best placed to capitalize on the opportunities from managing them.”
The Canada 200 report including names of companies featured in the Carbon Disclosure Leadership Index can be found at https://www.cdproject.net/canada
RBC is a global leader in environmental sustainability. In 2011, RBC was named to the Dow Jones Sustainability World Index, one of the world's Global 100 Most Sustainable Corporations, one of Canada's Greenest Employers, one of Canada's Top 50 Socially Responsible Corporations, and one of Canada's Best 50 Corporate Citizens. RBC is also listed on the Jantzi Social Index and the FTSE4Good Index.
The Carbon Disclosure Project (CDP) is an independent not-for-profit organization holding the largest database of primary corporate climate change and water information in the world. Some 3,000 organizations across the world’s largest economies now measure and disclose their greenhouse gas emissions and assessment of climate change risk and opportunity through CDP, in order that they can set reduction targets and make performance improvements. This data is gathered on behalf of 551 institutional investors, holding US$71 trillion in assets. For more information visit www.cdproject.net.