For the second consecutive year, Kier features in CDP’s Carbon Disclosure Leadership Index having scored 81 points compared with last year’s 77, indicating that steady progress is being made.
This performance places Kier amongst the top ten per cent of the index. The index is a key component of CDP’s annual FTSE 350 report and highlights the constituent companies within the FTSE 350 Index that 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.
The index, compiled by PwC on behalf of CDP, provides an evaluation tool for institutional investors and other stakeholders. In 2011 it comprises 36 companies out of the 236 from the FTSE 350 that responded to the survey and is based on analysis of the responses to CDP’s questionnaire, which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change.
Kier Group chief executive Paul Sheffield commented: “I am pleased that real progress continues to be made within Kier in terms of decreasing our CO2 emissions per £m revenue and that the work of our carbon reduction team is producing measureable improvements. We will remain proactive in addressing this issue and exercise our influence, wherever possible, in a bid to encourage others to do the same.”
Paul Simpson, chief executive officer of the CDP, added: “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 organisations that give clear consideration to measuring and reporting on climate change issues will be best placed to capitalise on the opportunities from managing them.”