Boeing Recognized as a Leader in Climate Change Disclosure
CHICAGO, Sept. 14, 2011 /PRNewswire/ -- For the third consecutive year, the Carbon Disclosure Project recognized Boeing (NYSE: BA) as one of the world's leading companies in reporting climate-change risks and taking actions to improve environmental performance.
The Carbon Disclosure Project, an investor-funded nonprofit organization that produces the most comprehensive survey of global corporate carbon emissions, listed The Boeing Company in its 2011 Carbon Disclosure Leadership Index.
"We've seen many instances where environmental improvements have resulted in cost savings, productivity gains and fuel-efficient new products," said Mary Armstrong, Boeing vice president of Environment, Health and Safety. "Focusing on the environment has enabled us to develop the next generation of aerospace products, pioneer research into cleaner fuels, improve the efficiency of the global air traffic management system to reduce the global carbon footprint of air travel, and invest in new technologies to create a brighter future."
Since 2002, on a revenue-adjusted basis, Boeing U.S. operations have reduced carbon dioxide emissions by 28 percent, energy consumption by 30 percent, hazardous-waste generation by 44 percent and water intake by 41 percent.
Companies recognized in the Leadership Index demonstrate good internal data management practices for understanding greenhouse gas emissions, including energy use, according to Paul Dickinson, chief executive officer of the Carbon Disclosure Project. "They have shown a strong awareness of the business issues related to climate change including climate-related risks and opportunities. Those organizations that give clear consideration to measuring and reporting on climate change issues will be best placed to capitalize on the opportunities from managing them."
Compiled by PricewaterhouseCoopers, the index highlights companies within the Financial Times Stock Exchange Global Equity Index Series (Global 500) that have displayed the most professional approach to corporate governance in climate change disclosure practices. The index, compiled for some 551 institutional investors with combined assets under management in excess of $71 trillion, evaluates the performance of some 2,500 companies around the globe.
Boeing Environment, Health and Safety Communications