Scania Commended for Climate Change Disclosure
Engine manufacturer Scania is featured in CDP’s “Carbon Disclosure Leadership Index for a second time.
This index, a key component of CDP’s annual Nordic 260 Report, highlights the constituent companies within the Nordic stock exchanges which have displayed the most professional approach to corporate governance in respect of climate change 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.
The index, compiled by FirstCarbon Solutions on behalf of CDP provides an evaluation tool for institutional investors. In 2012 it comprises 26 constituents of the Nordic 260 Index based on analysis of the responses to CDP’s 2012 questionnaire which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change.
The Carbon Disclosure Project (CDP) 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, in order that they can set reduction targets and make performance improvements.
This data is gathered on behalf of 655 institutional investors, with combined assets under management in excess of $78 trillion, as well as purchasing organizations and government bodies and made available for integration into business and policy decision making.
Scania is one of the world’s leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines.