CHICAGO - In recognition of Exelon's leadership in corporate sustainability and environmentally sound business practices, the Carbon Disclosure Project (CDP) has named it to the 2010 Carbon Disclosure Leadership Index. In addition, Exelon recently was included in the Dow Jones Sustainability North America Index for the fifth consecutive year.
"We are honored to again have our sustainability efforts recognized by these independent experts," said Exelon Chairman and CEO John W. Rowe. "We will continue our commitment to reduce our carbon footprint and embrace corporate sustainability through initiatives such as Exelon 2020 and by advocating for national regulations and policies that support the transition to a cleaner energy future."
The cornerstone of Exelon's business strategy, Exelon 2020 is a plan to reduce, offset or displace more than 15 million metric tons of greenhouse gas emissions per year by 2020. This is greater than the company's 2001 annual carbon footprint and equivalent to taking nearly 3 million cars off the road. Last year, Exelon announced that it had reduced, displaced or offset its greenhouse gas emissions by more than 35 percent since 2001.
The CDP collects data from more than 2,500 major corporations on their greenhouse gas emissions and climate change strategies. Exelon received a score of 90, making it one of the highest-ranked utilities and one of the top 10 scorers among S&P 500 companies named to the index. The company was recognized in four leadership categories for its reporting on greenhouse gas emissions and its actions to reduce emissions.
"The Carbon Disclosure Leadership Index recognizes companies that demonstrate good internal data management practices for understanding greenhouse gas emissions, including energy use," said Paul Dickinson, chief executive of the CDP. "Companies that make this index have also demonstrated clear consideration of how climate change impacts their business. As companies' understanding of climate change issues grows, they are better placed to take positive action to manage and mitigate its risks."
For the Dow Jones Sustainability North America Index, Exelon achieved an overall sustainability performance score of 70 percent, compared to the average score of 52 percent. The Index includes the top 20 percent of companies in each sector, in terms of sustainability. They are selected from the 600 largest North American companies according to a systematic assessment that identifies the leading sustainability-driven companies. The annual review is based on a thorough analysis of economic, environmental and social performance, assessing issues such as corporate governance, risk management, branding, climate change mitigation, supply chain standards and labor practices.