Con Edison Media Relations
For Immediate Release: September 20, 2011
CARBON DISCLOSURE PROJECT LAUDS
CON EDISON 5TH YEAR IN A ROW
Company Ranks 1st Among S&P 500 Utilities
New York — Consolidated Edison Inc. (Con Edison) has earned recognition from the international Carbon Disclosure Project (CDP) for five years running for the company’s carbon emission reduction and carbon disclosure efforts.
In the newly released 2011 rankings, Con Edison placed first among utilities in the S&P 500 Carbon Disclosure Leadership Index. And the company was the only utility listed in the S&P 500 Carbon Performance Leadership Index.
The CDP, representing 551 institutional investors who manage $71 trillion in assets, has again commended the New York-based utility’s holding company for the way it discloses climate change information.
“Companies that make the Carbon Disclosure Leadership Index have demonstrated good internal data management practices for understanding greenhouse gas emissions,” said Paul Simpson, chief executive officer of the Carbon Disclosure Project.
Con Edison has been featured in the organization’s Carbon Disclosure Leadership Index since the index was established. A key component of CDP’s annual S&P 500 report, the index highlights companies that demonstrate the most professional corporate governance approach regarding revelation of climate change information.
Companies are scored on their climate change disclosure practices. High scores indicate excellent internal data management and a clear understanding of climate change issues affecting the company.
“Aggressive carbon disclosure and emission reduction policies serve the best interests of every global citizen,” said Randolph S. Price, Con Edison vice president of Environment, Health, and Safety. “We are gratified by the Carbon Disclosure Project’s work and by the continuing recognition.”
The index, compiled by PricewaterhouseCoopers on behalf of the CDP, provides an evaluation tool for institutional investors and other stakeholders. In 2011, it comprises 55 companies from the S&P 500 Index. The list is based on an analysis of CDP questionnaire responses, focusing on greenhouse gas emissions, emissions reduction targets, as well as risks and opportunities associated with climate change.
The S&P 500 report, including names of companies featured in the Carbon Disclosure Leadership Index, can be found at www.cdproject.net.
Consolidated Edison, Inc. (NYSE: ED) is one of the nation’s largest investor-owned energy companies, with approximately $13 billion in annual revenues and $36 billion in assets. The company provides a wide range of energy-related products and services to its customers through its two regulated utility subsidiaries, Con Edison, and Orange and Rockland Utilities, as well as through its three competitive energy businesses, Con Edison Solutions, Con Edison Development, and Con Edison Energy.
Consolidated Edison, Inc. is a Dow Jones Sustainability Index (DJSI) company, and also has been recognized for its environmental performance by the U.S. Environmental Protection Agency, the U.S. Department of Energy, and other organizations. For additional financial, operations and customer service information, visit us on the Web at www.conEd.com, at our green site, www.coned.com/thepowerofgreen, or find us on Facebook at Power of Green.
The Carbon Disclosure Project is an independent not-for-profit holding the world’s largest database of primary corporate climate change and water information. Some 3,000 organizations across the world’s largest economies measure and disclose their greenhouse gas emissions and assessment of climate change risk and opportunity through CDP, in order to set reduction targets and improve performance. This data is gathered on behalf of 551 institutional investors, holding $71 trillion in assets.