CDP Recognizes 21st Century Fox as Leader in Sustainability Disclosure for Sixth Straight Year
For the sixth consecutive year, the environmental nonprofit CDP has commended 21st Century Fox for the transparency and thoroughness of its corporate sustainability program. CDP assesses the depth and quality of companies' climate change data each year, and the organization's latest report ranks 21st Century Fox among the top 7% of S&P 500 companies, placing it on the Carbon Disclosure Leadership Index. 21st Century Fox is the only media company awarded a spot on the CDLI, receiving a score of 99 out of a possible 100 and a Carbon Performance Band grade of B.
CDP provides a voluntary reporting system for companies to report their greenhouse gas management and public disclosure activities around the world. Participating companies complete an annual questionnaire that addresses total energy use and carbon emissions across their operations, as well as strategy and governance in assessing and managing risks and opportunities from climate change. 70% of S&P 500 companies participated this year.
The Carbon Disclosure Leadership Index (CDLI) scores companies' performances on a scale of 0 to 100, based on the level of disclosure of carbon emissions measurement techniques and subsequent public disclosure. The Carbon Performance Band grades companies' overall response to climate change. Companies are classified in Bands A through D, with "A" being the best overall grade and "D" being the worst. 2014 marks 21st Century Fox's sixth straight year on the CDLI, a track record surpassed by only three other companies.
Paul Simpson, CEO of CDP, says: "The need for disclosure of 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 S&P 500 Climate Disclosure Leadership Index. These companies are responding to the ever-growing demand for environmental accountability and helping to inspire others to follow suit."
21st Century Fox has disclosed its emissions and carbon reduction strategy with CDP since the launch of the Global Energy Initiative in 2007. CDP works with 767 institutional investors representing nearly $92 trillion in assets. The complete S&P 500 and Global 500 reports can be found at CDP.net.