TORONTO, Dec. 10, 2014 /CNW/ - Canadian Pacific Railway
Limited (TSX/NYSE: CP) has been recognized as a leader for the
depth and quality of climate change data it has disclosed to
investors and the global marketplace through CDP, the international
NGO that drives sustainable economies. CP's status is awarded with
a position on the Canada Disclosure Leadership Index (CDLI) in the
2014 Canada Climate Change Report.
CP has earned leadership status by submitting climate change
information through CDP's global environmental disclosure system
for independent assessment against CDP's widely respected scoring
methodology. Company disclosures to CDP are marked out of a total
of 100. Those organizations graded within the top 10% constitute
the CDLI.
CP has scored 95 out of 100. High scores indicate the
provision of robust climate data upon which decisions that will
catalyze progress towards low-carbon economies can be made. The
index highlights companies providing a high level of transparency
in their disclosure of climate-related information.
"It is an honour for CP to be named by the Carbon Disclosure
Project as a leader on the TSX for transparency and accountability
on climate issues," said CP Vice President and Chief Risk Officer
Laird Pitz. "This recognition reflects the excellent work being
done on our reporting processes as we continue our drive towards
more efficient, transparent and sustainable operations."
Disclosure to CDP's climate change program is at the request of
767 investors who represent more than US$92
trillion in assets, which is around a third of the world's
invested capital. The number of investors using CDP to understand
better the economic risks and opportunities that climate change
presents to their portfolio companies has increased on an annual
basis. The growing consensus that accountability for contributions
to climate change is a business imperative is further supported by
the number of businesses using CDP to report their climate change
impacts, which has also risen.
CDP disclosure scores are provided to investors and other
decision makers through various channels, including Bloomberg
terminals, to help them assess corporate preparedness for changing
market demands and emissions regulation.
"Global greenhouse gas emissions continue to rise and we face
steep financial risk if we do not mitigate them," said Paul Simpson, CDP chief executive officer. "The
need for data on corporate climate change impacts and strategies to
reduce them has never been greater. For this reason we congratulate
those businesses that have achieved a position on CDP's Climate
Disclosure Leadership Index. These companies are responding to the
ever-growing demand for environmental accountability and should
inspire others to follow suit."
About Canadian Pacific
Canadian Pacific (TSX:CP)(NYSE:CP) is a transcontinental railway
in Canada and the United States with direct links to eight
major ports, including Vancouver
and Montreal, providing North
American customers a competitive rail service with access to key
markets in every corner of the globe. CP is growing with its
customers, offering a suite of freight transportation services,
logistics solutions and supply chain expertise. Visit cpr.ca to see
the rail advantages of Canadian Pacific.
About CDP
CDP is an international, non-profit organization providing the
only global system for companies and cities to measure, disclose,
manage and share vital environmental information. CDP works with
market forces, including 767 institutional investors with assets of
US$92 trillion, to motivate companies
to disclose their impacts on the environment and natural resources
and take action to reduce them. CDP now holds the largest
collection globally of primary climate-change, water and forest
risk commodities information and puts these insights at the heart
of strategic business, investment and policy decisions.
Please visit www.cdp.net or follow us @CDP to find out more.
SOURCE Canadian Pacific