CLEVELAND--Stepmber 14, 2012: Diversified industrial manufacturer Eaton Corporation announced today it has been ranked as a leader on the Carbon Disclosure Project's (CDP) 2012 Carbon Disclosure Leadership Index and 2012 Carbon Performance Leadership Index. Eaton is one of only 11 S&P 500 companies to earn leadership status on both indexes in this year's CDP ranking.
“Companies that make the Carbon Disclosure Leadership Index have demonstrated strong internal data management practices for the measurement of greenhouse gas emissions and energy use. They are also giving clear consideration to the business issues related to climate change and their exposure to climate-related risks and opportunities.”
This is the first time Eaton is featured in the Carbon Performance Leadership Index, an achievement granted to only 15 companies and the fourth time Eaton has been named to the Carbon Disclosure Leadership Index.
"Eaton's achievement in the CDP ratings is a clear indication of the progress we are making to reduce greenhouse gas emissions, effectively manage energy, and publicly disclose our successes and challenges," said Harold Jones, senior vice president of Environment, Health and Safety. "Eaton's CDP performance is also good for business, demonstrating our commitment as a power management company to helping customers improve their carbon footprint."
Eaton operations around the world adhere to one set of standards for policies, such as gas emissions, energy and water consumption and waste treatment, and are dedicated to helping customers achieve LEED certification with the company's energy-efficient products and technologies.
The Carbon Disclosure Leadership Index is a key component of CDP's annual S&P 500 report, and highlights the constituent companies within the S&P 500 index which have displayed a strong approach to information disclosure regarding climate change. 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.
Paul Simpson, chief executive officer of CDP, said, "Companies that make the Carbon Disclosure Leadership Index have demonstrated strong internal data management practices for the measurement of greenhouse gas emissions and energy use. They are also giving clear consideration to the business issues related to climate change and their exposure to climate-related risks and opportunities."
The S&P 500 report, including names of companies featured in the Carbon Disclosure Leadership Index, can be found at www.cdproject.net.
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. For more information, please visit www.cdproject.net.
Eaton Corporation is a diversified power management company with more than 100 years of experience providing energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power. With 2011 sales of $16.0 billion, Eaton is a global technology leader in electrical components, systems and services for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has approximately 73,000 employees and sells products to customers in more than 150 countries. For more information, visit Eaton.