IRVINE, Calif. and LONDON, Aug. 1, 2012 /PRNewswire/ -- FirstCarbon Solutions, a pioneer and industry leader in environmental sustainability solutions for business, today announced an extension of its ongoing partnership with the Carbon Disclosure Project (CDP). As part of this expanded relationship with CDP, FirstCarbon Solutions will score submissions from major companies in the Nordic region and in the DACH region of Germany, Austria and Switzerland on their greenhouse gas emissions management efforts. The scored submissions, from several hundred of the largest companies in those regions, including Adidas AG, Metro AG, EVN Group, and Adecco S.A., will be delivered to more than 600 institutions that have invested in these companies and have requested the submissions.
Investors sign the information request to gain access to an independent, global source of year-on-year information that supports long-term objective analysis. This includes evidence and insight into companies' greenhouse gas emissions, and strategies for managing climate change and related risks. CDP, an independent not-for-profit organization, is focused on helping companies and cities measure, disclose, manage and share information on environmental risk and opportunity, all with the goal of preventing dangerous climate change and protecting our natural resources.
FirstCarbon Solutions processes the climate change information submitted by the companies and then creates disclosure scores and performance bands. The scores are designed to determine the quality of disclosure and the level of climate change performance. Leveraging its proven sustainability reporting systems and data management and carbon accounting expertise, FirstCarbon Solutions has built a system based on CDP's global scoring methodology to evaluate the responses in a comprehensive, standardized way.
The scores will be shared through Bloomberg, Google Finance, and in country-specific, publicly-accessible reporting sites. Upon request, FirstCarbon Solutions will provide each of the submitting companies a more detailed summary of their scores and will offer, as a value-added service, additional insights into the scoring of their submission via telephone.
"The CDP scores play a vital part for investors and the participating companies in highlighting best performing companies regarding their transparency and emissions management - in particular since they are visible on Bloomberg as well as on the German stock exchange webpage," said Steven Tebbe, Managing Director, CDP Europe. "That is why we're pleased to be partnering with FirstCarbon Solutions in the Nordic and DACH Region, as they have proven their capability under the supply chain program since 2011."
"Having CDP approach FirstCarbon Solutions with the opportunity to extend our relationship to become the sustainability scoring partner for their investor program in the Nordic and DACH Region is a testament to the great partnership and working synergies we formed over the past year," said James Donovan, President and CEO of FirstCarbon Solutions. "With extensive experience in processing large amounts of sustainability metrics and our subject matter expertise in carbon management, FirstCarbon Solutions is uniquely qualified to interpret the CDP reporting data and provide insightful reports and consultation to the Nordic and DACH companies with the goal of helping them improve their sustainability activities and drive efficiencies throughout their supply chains."
About FirstCarbon Solutions
FirstCarbon Solutions is a global provider of comprehensive environmental and sustainability solutions for enterprise and government clients that are increasingly under pressure to minimize resource use and environmental impacts while achieving profit and budget objectives. The company is the first to fully integrate consulting and software with deep expertise in back office data processing to deliver integrated energy and sustainability consulting solutions that drive better decision making by understanding how improved environmental practices affect all areas of the business. FirstCarbon Solutions is an ADEC Group company with 14 years in the industry serving customers around the world, and has offices throughout Asia, Europe, Australia and North America. For more information, visit www.firstcarbonsolutions.com.
The Carbon Disclosure Project (CDP) is an independent not-for-profit organization providing a transformative global system for companies and cities to measure, disclose, manage, and share climate change and water information. Over 3,700 companies across the world's largest economies now measure and disclose their greenhouse gas emissions and assessment of climate change risk and opportunity through CDP, in order that they can set reduction targets and make performance improvements. This data is gathered on behalf of 655 institutional investors, holding US$78 trillion in assets. CDP now holds the largest collection globally of self-reported climate change data. For more information, visit www.cdproject.net.
SOURCE FirstCarbon Solutions