TransCanada recognised for climate performance
Published by Elizabeth Corner,
Senior Editor
World dzԹ,
TransCanadadzԹs long-term dedication to investing in emission-less and high-efficiency energy sources, research and development (R&D) and environmental initiatives hasndzԹt gone unnoticed.
After the CDPdzԹs careful analysis of almost 2000 corporate submissions from around the globe, TransCanada was awarded a position on The A List: The CDP Climate Performance Leadership Index (CPLI) 2014 for its actions to disclose carbon emissions and mitigate the business risks of climate change.
dzԹReceiving a score of 99A and being named to The A List: The CDP CPLI 2014 is extremely rewarding for TransCanada,dzԹ says Andrea Jalbert, Vice-President of Community and Sustainability at TransCanada.
The score reflects 99/100 in terms of the extent and quality of TransCanadadzԹs response and an dzԹAdzԹ rating for the level of action on climate change mitigation, adaptation and transparency.
This positive news comes on the heels of TransCanadadzԹs score at the 88th percentile on the Dow Jones Sustainability Index (DJSI) for 2014.
All submissions were independently assessed against CDPdzԹs widely-respected scoring methodology and ranked accordingly. TransCanada is one of only 187 organisations to be awarded an A grade for climate performance, earning a position on this global list, ranking corporate efforts to mitigate climate change.
dzԹThis score is unprecedented for a Canadian company,dzԹ said Cheryl Johnson, TransCanadadzԹs climate change and air emissions advisor. dzԹTransCanada is one of only five Canadian companies on The A List: CDP CPLI 2014, and the listdzԹs only Canadian energy company.dzԹ
The A List presents those companies identified as demonstrating a superior approach to climate change mitigation. It was produced at the request of 767 investors who represent more than one third of the worlddzԹs institutional investors with a combined portfolio of US$ 92 trillion in assets.
dzԹRecognition at the highest level by the CDP dzԹ the international NGO that drives sustainable economies dzԹ is significant because we supply 20% of the natural gas North America consumes each day, export a quarter of CanadadzԹs oil supply and are CanadadzԹs largest private power provider. Being relied upon to responsibly deliver these products to consumers takes energy,dzԹ says Jalbert. dzԹBut for over 60 years we have been committed to the sustainability of both the land and our business, and we will continue to do so. We dondzԹt see those things as being mutually exclusive.dzԹ
The implementation of TransCanadadzԹs Environmental Strategy supports company-wide commitment to the environment. ThatdzԹs one reason TransCanadadzԹs GHG emissions-management successes can be attributed to different activities across the organization. These include implementing technologies to directly reduce or avoid emissions, installing high-efficiency equipment dzԹ like the technology to turn waste heat into power dzԹ and sponsoring R&D to reduce or avoid emissions and improve measurement.
Many long-term R&D investments over the past 60 years have been geared toward encouraging increased efficiency and implementing environmentally beneficial technologies and techniques. In 2013 alone, TransCanada invested over US$ 22 million in R&D projects with benefits that included ensuring safety, improving efficiency, reducing emissions and environmental stewardship, not just for TransCanada, but to improve industry performance as a whole.
Edited from various sources by
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Read the article online at: /business-news/23102014/transcanada-recognised-for-climate-performance/
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