ACE Recognized as Global Leader in Carbon Performance and Disclosure by the Carbon Disclosure Project
NEW YORK--(BUSINESS WIRE)-- The ACE Group announced today that it has earned recognition for leadership in carbon performance and disclosure from the Carbon Disclosure Project (CDP), an independent, not-for-profit organization that gathers and scores corporate carbon emissions information globally. CDP named ACE to all four of its 2012 leadership indexes the Global 500 Carbon Performance Leadership Index (CPLI), the Global 500 Carbon Disclosure Leadership Index (CDLI), and the S&P 500 CPLI and CDLI.
ACE was one of three companies, and the only insurer, to be named to all four of CDPs leadership indexes. ACE was among 16 companies overall and one of only two insurers on both of CDPs Global 500 leadership indexes.
It is an honor to be recognized on these distinctive listings, said John Keogh, Vice Chairman and Chief Operating Officer, ACE Limited (ACE). This is a reflection on the efforts and commitment of ACE employees around the world to not only help our clients manage the economic impact from climate and other environmental risks, but to also be a part of the solution by controlling our own ecological impact and supporting related causes and initiatives.
ACE has aggressively worked to make global greenhouse gas emissions reductions throughout its worldwide operations and has reduced emissions 25% per employee since 2006. Energy conservation improvements also have resulted in Leadership in Energy and Environmental Design (LEED) certifications for its offices in Philadelphia and Hamilton, Bermuda , and Energy Star Certification by the U.S. Environmental Protection Agency for the companys offices in Philadelphia and Wilmington, Del.
Paul Simpson, Chief Executive Officer of CDP, commented: Companies in the CPLI or the CDLI have demonstrated a clear commitment to manage their greenhouse gas emissions, and a strong internal data management practice for the measurement of GHG emissions and energy use. These organizations have worked to reduce their emissions and integrate climate change into their business strategies and have given clear consideration to the business issues related to climate change and their exposure to climate-related risks and opportunities.
CDPs leadership indexes, compiled by PricewaterhouseCoopers from an analysis of company responses to CDPs 2012 questionnaire, serve as an evaluation tool for institutional investors and highlight companies that have demonstrated a strong methodology and commitment to climate strategy, emissions reduction and governance. Companies are rated according to their climate change transparency and the best disclosers are placed on the CDLI. The CDP then assesses organizations based on the scale and quality of emissions reductions and strategies, and the best performers are place on the CPLI.
The ACE Group is one of the worlds largest multiline property and casualty insurers. With operations in 53 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of the ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. Additional information can be found at: www.acegroup.com.
The Carbon Disclosure Project (CDP) is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP harnesses the power of market forces, including 655 institutional investors with assets of US$78 trillion, to collect information from companies on their greenhouse gas emissions and assessment of climate change and water risk and opportunity. CDP now holds the largest collection globally of primary climate change and water data and puts these insights at the heart of strategic business, investment and policy decisions. Please visit www.cdproject.net to find out more.
The ACE Group
Stephen M. Wasdick, 212-827-4444
Source: The ACE GroupCopyright Business Wire 2012