CALGARY, Nov. 6, 2015 /PRNewswire/ - 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