CALGARY, Nov. 6, 2015 /CNW/ - Canadian Pacific Railway
Limited (TSX: CP) (NYSE: CP) has been identified as a Canadian
leader for the quality of climate change related information that
it has disclosed to investors and the global marketplace through
CDP, the international not-for-profit that drives sustainable
economies. It is therefore awarded a position on the Canada Climate
Disclosure Leadership Index (CDLI), released today in the
Canada edition of CDP's annual
global climate change report. The news comes three weeks ahead of
COP21, the UN climate change
conference, when national leaders meet to agree on a global deal to
reduce carbon emissions and limit temperature warming.
CP has earned its position on the index by disclosing high
quality carbon emissions and energy data through CDP's climate
change program. The reported data has been independently assessed
against CDP's scoring methodology and marked out of 100. Those
organizations graded within the top 10% constitute the CDLI. CP has
scored 98 this year; in 2014 the company was also listed on the
CDLI with a score of 95.
"CP continues to focus on the most sustainable and efficient
operations and it's an honour to again be named as a leader in this
area by the CDP," said CP Vice President and Chief Risk Officer
Laird Pitz. "We remain steadfast in our belief that transparency
and accountability are imperative when it comes to protecting our
environment."
At the request of 822 investors who represent US$95 trillion in assets, thousands of companies
submit annual climate disclosures to CDP. Top scores indicate a
high level of transparency in the disclosure of climate
change-related information, providing investors with a level of
comfort to assess corporate accountability and preparedness for
changing market demands and emissions regulation.
"As the world looks beyond the Paris climate change negotiations and prepares
for a low carbon future, reliable information about how companies
are responding to the transition will be ever more valuable," said
Executive Chairman and Co-Founder of CDP Paul Dickinson. "For this
reason we congratulate those businesses that have achieved a
position on CDP's Climate Disclosure Leadership Index."
CDP's annual global climate change report, along with the
climate scores of all companies publicly taking part in CDP's
climate change program this year, is available on CDP's
website.
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, formerly Carbon Disclosure Project, 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 works with market forces,
including 822 institutional investors with assets of US$95 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. Follow us
@CDP to find out more.
SOURCE Canadian Pacific