Outokumpu Recognized for Climate Change Disclosure
10/25/2010 - Outokumpu has been commended by the Carbon Disclosure Project (CDP) for its approach to climate change disclosure by being featured in CDP's "Carbon Disclosure Leadership Index" for the second time.
Outokumpu has been commended by the Carbon Disclosure Project (CDP) for its approach to climate change disclosure by being featured in CDP's "Carbon Disclosure Leadership Index" for the second time.
This index, a key component of CDP's annual Nordic 200 Report, highlights the constituent companies within the Nordic stock exchanges that have displayed the most professional approach to corporate governance in respect to climate change disclosure practices. High scores indicate good internal data management and understanding of climate change-related issues affecting the company. Outokumpu was given a score of 86/100.
The index, compiled by Jönköpings International Business School on behalf of CDP, provides an evaluation tool for institutional investors. In 2010, it comprises 20 constituents of the Nordic 200 Index based on analysis of the responses to CDP's 2010 questionnaire, which focused on greenhouse gas emissions, emissions reduction targets, and risks and opportunities associated with climate change.
"Inclusion in the Carbon Disclosure Leadership Index is a welcome recognition for our corporate governance in respect of climate change. We take seriously these issues and want to do our share in the shift towards a low-carbon society, especially by focusing on energy efficiency," said Juha Rantanen, CEO of Outokumpu Oyj.
Outokumpu is a global leader in stainless steel, with customers in a range of industries worldwide. The company employs about 8000 people in more than 30 countries. The Group’s head office is located in Espoo, Finland.
The Carbon Disclosure Project (CDP), which represents 534 institutional investors with $64 trillion in assets under management, is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world. Thousands of organizations across the world's largest economies now measure and disclose their greenhouse gas emissions and climate change strategies through CDP, so they can set reduction targets and make performance improvements.
